City/County endorsement of Boot Hill Gaming

[lurker]

Boothill Gaming used to be Boothill's baby.. and it grew into ...what?

~Welpers, we'll have to wait & see how Boothill fares on this gaming/gambling/entertainment dealie....~

"every presentation I've heard (including the one to the City and County Commissions Friday) that 1% of gaming revenues are still dedicated to Boot Hill Museum and possibly even more to other local entities. "

Actually, what I heard Friday was that a new, unnamed foundation was to be formed to receive and distribute money to 22 counties. Nothing was said at all about money dedicated to Boot Hill Museum, except as implied by the 22-counties being given some.

By whom, to whom, and managed by whom was not stated. Nor was any incorporation information given. Nor a name of the foundation, etc.

Must have been at a different meeting if you hear the above.

[flyingk]

I thought there were others going to present proposals. I think all of the proposals should be evaluated before any are supported. Dodge City should not resort to taking the first offer when sometimes it IS GREENER ON THE OTHER SIDE!

[Mike B.]

Originally Posted by flyingk

I thought there were others going to present proposals. I think all of the proposals should be evaluated before any are supported. Dodge City should not resort to taking the first offer when sometimes it IS GREENER ON THE OTHER SIDE!

I may be mistaken, but my understanding is that the City and County may accept and endorse more than just one proposal. The endorsed proposals then go to the State and only one will recieve a lic.

If I'm mistaken...someone feel free to correct me.

[Quietly]

The city and county may endorse as many proposals as they wish. Endorsing a proposal simply means that the city and county have reviewed it, found it meets their criteria and agreed that it should be submitted to the state for consideration. It does not necessarily mean that the city and county prefer that proposal to any others.

[Mike B.]

Originally Posted by Quietly

The city and county may endorse as many proposals as they wish. Endorsing a proposal simply means that the city and county have reviewed it, found it meets their criteria and agreed that it should be submitted to the state for consideration. It does not necessarily mean that the city and county prefer that proposal to any others.

Good explaination! It's the State that gives out the lic. not Dodge City or Ford County.

BTW, what is the criteria that has been set forth? I don't know that I've ever seen this crieria. Has it been published in the Globe and I just missed it?

[Mike B.]

Surely the criteria consist of more than..."MY buddies have got to make $ on this deal."

[vinnielowden]

Mr. Clueless,


Sorry I did not want to get into your augment, but for some reason the Dodge City Glob makes a lot of mistakes. If you want the public to believe your statements please give us the facts. According to your post on Sunday 23, you stated there would be 600+ new jobs for the Casino. The DC glob statement in Saturday paper was to the effect the Casino would have 1200 steady jobs.


Which statement is the correct amount?


In all papers the State has used a 50 million dollar figure for Ford County Casino Complex. Now Mr. Clark Stewart has made a statement in the DC glob, the Casino Complex will be in the neighbor hood of 225 million dollar. Are your people trying to say we will be almost as large as Kansas City, Wichita, and South East Kansas Casino complexes.


Again, what is the correct amount?


I sure hope that Jeff Thorp and Clark Stewart get together and have the same sheet of paper to read the news release from. Sure hope some one know how to fill out the State form to apply for the license. Boot Hill Gaming could be in big trouble. Then the City would have to move the Event Center again.

[Flying Dutchman]

Like it or not somebody is going to make big bucks on this, and they are going to spend big bucks in order to get it. Since it is the state that runs this show, and it is they who are in charge, I doubt anybody but a company that has experience and a good track record will get the bid.

On anther note, found out that in the casino my dad runs, every slot machine averages $150 net profit in a 24 hour period. Take that times 200 slots you get 30k a day in NET profit. Thats 210k a week and over 10 mil a year, NET profit just for the casino. The 21 tables make 22% off of every bet, the poker tables make 18% off every bet. Those are not net figures, just the amount made. If our casino adds a KENO game (which they probably will) you can figure another 30% off of every bet. As much as I like the idea of a local group having the casino, I think they will be outgunned by a bigger company.

[Mike B.]

Originally Posted by vinnielowden

Mr. Clueless,


Sorry I did not want to get into your augment, but for some reason the Dodge City Glob makes a lot of mistakes. If you want the public to believe your statements please give us the facts. According to your post on Sunday 23, you stated there would be 600+ new jobs for the Casino. The DC glob statement in Saturday paper was to the effect the Casino would have 1200 steady jobs.


Which statement is the correct amount?


In all papers the State has used a 50 million dollar figure for Ford County Casino Complex. Now Mr. Clark Stewart has made a statement in the DC glob, the Casino Complex will be in the neighbor hood of 225 million dollar. Are your people trying to say we will be almost as large as Kansas City, Wichita, and South East Kansas Casino complexes.


Again, what is the correct amount?


I sure hope that Jeff Thorp and Clark Stewart get together and have the same sheet of paper to read the news release from. Sure hope some one know how to fill out the State form to apply for the license. Boot Hill Gaming could be in big trouble. Then the City would have to move the Event Center again.

I think the $50 million is up front money that Boot Hill Gaming/Butler must hand over to the state if they recieve the Lic. The $50 million is not the cost to build the casino.

Quietly,

Is that correct?