Diamond Jo Park City Provides Compelling Vision
for an Exciting New Entertainment Destination in the Wichita Area
Park City— Boyd Gaming Corporation today announced that, pursuant to legislation enacted in the 2022 state legislative session, it has submitted an application to the Kansas Racing and Gaming Commission (KRGC) to develop and operate a new historical horse-racing (HHR) gaming facility in Sedgwick County: Diamond Jo Park City.
Boyd is proposing to develop a new $160 million gaming entertainment destination just off Interstate 135 in Park City. In addition to a casino floor with up to 1,000 HHR units, Diamond Jo would feature a compelling selection of non-gaming amenities, including a world-class steakhouse, a FanDuel-themed sports bar and grill, a contemporary bar and lounge, new meeting and convention space, and the first Amazon Go store in the state of Kansas. With its wide selection of amenities and attractive design, Diamond Jo would become a key driver of new visitation and economic development opportunities in Park City and the surrounding area.
Built with 100% private financing, Boyd Gaming projects that Diamond Jo will create nearly 600 jobs (direct and indirect) in the community, generating about $30 million per year in wages, salaries and benefits. Additionally, the Company estimates the property will generate approximately $90 million per year in additional economic activity throughout south-central Kansas.
Furthering Boyd’s long-standing commitment to supporting veterans, the Company’s proposal includes a pledge to donate $1 million a year to local non-profit organizations that provide healthcare and educational services to local veterans. Additionally, Diamond Jo would provide $250,000 per year in new funding for problem gambling treatment resources in south-central Kansas. Boyd has partnered with United Way of the Plains to administer Diamond Jo’s non-profit contributions.
Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: “For more than a decade, Boyd Gaming has been an important part of the south-central Kansas community as the owner and operator of Kansas Star Casino. Today, we propose taking that relationship to the next level with our application for Diamond Jo Park City, our vision for an exciting new entertainment destination serving the Wichita metropolitan area. We are confident that our compelling proposal, backed by our Company’s experience, national scale and strong financial position, makes Boyd uniquely suited to realize the maximum possible benefits of the new HHR license for the people of Sedgwick County. We look forward to sharing more information with the Kansas Racing and Gaming Commission and our neighbors throughout south-central Kansas as the bidding process unfolds.”
Boyd is partnering with Laham Development of Wichita on its application for Diamond Jo. One of the most prominent developers in south-central Kansas, Laham is known throughout the community for its award-winning master planned commercial and retail developments throughout the Wichita area.
George Laham, President and CEO of Laham Development, said: “Through Kansas Star in Mulvane and Boyd’s other casino locations, we have seen Boyd’s commitment to being a great partner in the community and doing things right. These values are important to us as well. We believe that by combining Laham’s development experience with Boyd’s gaming experience and reputation as a premier operator, we can bring Sedgwick County a first-class entertainment venue.”
About Boyd Gaming
Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 28 gaming entertainment properties in 10 states, and manager of a tribal casino in northern California. The Company is also a strategic partner and 5% equity owner of FanDuel Group, the nation's leading sports-betting operator. With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering its guests an outstanding entertainment experience, delivered with unwavering attention to customer service. Through a long-standing company philosophy called Caring the Boyd Way, Boyd Gaming is committed to advancing Environmental, Social and Corporate Governance (ESG) initiatives that positively impact the Company's stakeholders and communities. For additional Company information and press releases, visit https://investors.boydgaming.com.
About Laham Development
Laham Development is a real estate development company based in Wichita, Kansas. It has been involved in the development of over 2,000,000 square feet of retail, office, and multi-family space in the Wichita area. Over the last 30 years, it has played a key role in shaping the energetic retail and master planned development growth in Wichita. Laham has an inherent commitment to quality and detail on each of its properties. Its goal on every project is to enhance the landscape of the surrounding community. Laham Development’s major projects in the Wichita market include Bradley Fair; Wilson Estates; Regency Lakes, anchored by Super Target and Cabela’s; Plazzio, home to Warren Theater, The Alley and Chicken N Pickle; and River Vista Apartments. In addition, they have projects in Florida, Texas and Colorado. For more information, visit www.lahamdevelopment.com.