Monday, December 01, 2008

Harrah's economic troubles

I don't know if this has any implications for WSOP or not. I kind of doubt it does, but Harrah's had kind of a sweetheart deal to manage a state owned casino in Kansas that they packed out of because they didn't have the cash for the required security front money.
"We truly regret that we must withdraw our gaming application as a result of circumstances beyond our control, that do not permit us to meet the proposed schedule for the project," said a written statement by Jeffrey Ungerer, manager of Sumner Gaming Joint Venture, a partnership of Harrah's and Sumner Gaming and Resorts.

He said the company might rebid if the business climate improves.

Harrah's was the winning bidder among three companies that sought to develop and operate the casino that would have been just off the Kansas Turnpike south of the Sedgwick-Sumner county line.

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