Delaware North has signed a deal with Roy Anderson Corp. (RAC) To Develop The Southland Gaming Casino and Hotel Project In West Memphis, Arkansas.
The contract worth $ 200 million includes developing the Southland Gaming and Racing Park by adding a new casino complex and a 20-story, 300-room hotel to the property.
Sharing the details of the deal, in a press statement the Roy Anderson Corp.’s (RAC) parent company Tutor Perini Corporation (NYSE: TPC) said that, “The new, 240,000-SF casino complex will feature new and expanded dining options, including a larger buffet and steakhouse restaurants, new food hall, coffee shop, and player lounge. The signature component of the expansion project is the 20-story hotel tower, which will feature 300 rooms: 216 standard rooms, 72 corner suites, and 12 penthouse suites. Onsite parking will be expanded via construction of a new covered garage with 1,250 spaces.”
With the deal finalized the construction and development work will start soon. The company has also said that the entire work will be completed by 2021.
Arkansas has recently allowed the expansion of gambling, and the two racinos in the state can now offer full-scale gambling operations.
As a part of the gambling expansion both racinos Oaklawn Racing & Gaming in Hot Springs and Southland Park Gaming and Racing in West Memphis -owned and operated by Delaware North – got their casino licenses.
Earlier this week Delaware North filed a lawsuit against their erstwhile gaming partner Miomni for breach of contract.