|
|
Article: International Speedway Corporation and Penn National Gaming, Inc. Join Forces to Bring a Hollywood-Themed Entertainment Destination Facility to the State of Kansas.
- Article from:
- Leisure & Travel Week
- Article date:
- September 26, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
International Speedway Corporation (NASDAQ:ISCA) (BULLETIN BOARD: ISCB) ("ISC") announced that Penn National Gaming, Inc. (NASDAQ:PENN) ("Penn") has entered into an agreement with The Cordish Company ("Cordish") to acquire Cordish's 50 percent interest in Kansas Entertainment, LLC ("KJV") and their role as managing member.
Cordish has elected to sell its interest in KJV to Penn in order to focus on its other projects. KJV is seeking the consent of the Kansas Lottery Commission and the Unified Government of Wyandotte County for the transfer. Upon securing consents from the Unified Government of Wyandotte County and the Kansas Lottery Commission to proceed as a ...