Casino news from http://www.marketwire.com/
MCCLOUD, OK -- (MARKET WIRE) -- June 22, 2006 -- Ellis Gaming and Kickapoo Tribe of Oklahoma have been granted approval by the National Indian Gaming Commission to move into a five-year management contract in which Ellis Gaming will oversee all operations of the tribe's current casino, Kickapoo Casino.
The tribe, located in McCloud, Oklahoma, is 20 miles east of Oklahoma City. Immediate plans include a $28 million expansion of their existing property, with future plans to include a full-service luxury resort including 2,000 slot machines, eight restaurants, a hotel and spa. The project's estimated completion date is the last quarter of 2008.
"We are honored to welcome the Ellis Gaming Group into our family; they have proven to be both honorable and educated business professionals," said Tony Salazar, Chairman of the Kickapoo Tribe of Oklahoma. "We look forward to a strong partnership in the future."
"Through our dedication to the tribe and their property, we will implement a training program which allows the employees to develop useful leadership skills that will enhance the property's success," said Rick Richards, Chief Operating Officer for Ellis Gaming.
Tribal Governmental gaming generated revenue of approximately $20 billion in 2004. There are 354 Tribal Governmental gaming operations in the United States, in which 30 of those are under management contracts. Ellis Gaming manages operations for two Tribal Governmental properties and is awaiting approval of a third property, which will make Ellis Gaming the second largest Indian gaming management company in the country.
"Standing above the agreement is our respect for the Kickapoo Tribe of Oklahoma and their culture. We look forward with great anticipation to the next five years," said R. Shawn Ellis, President of Ellis Gaming.
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