Boyd Gaming sued Kansas for a provision of its sports betting law.
It is possible to keep 1,000 horsesracing machines in operation at Wichita Greyhound park, according to the law.
Phil Ruffin, owner of Treasure Island is the new owner of the greyhound track. The racetrack has been shut down since 2007 when Sedgewick County voters disapproved of the use of slots at the park.
Boyd runs Kansas Star Casino 15 miles south from Wichita Greyhound Park. According to Boyd, Kansas violates its agreement prohibiting similar gambling facilities in non-casino areas.
Boyd has argued that historical horseracing machines at Wichita Greyhound Park are “indistinguishable” from the slot machines used at its Kansas Star casino.
According to the operator’s contract with Kansas that stipulates that if external slots machines are similar to their own, Boyd would be liable for a $25m fine.
Boyd’s intention to sue, however, was an action that Kansas state expected. The voters approved the legalization of slot tracks, which was recently done again.
New laws stipulate revenues from horseracing machines would be taxed at 40%, 15% more than the tax rate from slot machines in Boyd’s casino, as well as at the three other operating casinos in the state.
Kansas introduced these higher tax rates for machines at racing parks to keep “a level playing field” between both casinos and racing venues, as casinos typically have far higher investment costs.
Boyd may sue for damages if the racing track’s higher tax rate does not stop Boyd.
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