APPROVED BUTLER NATIONAL CASINO SUBSIDIARY SPORTS BET MANAGEMENT AGREEMENT WITH KANSAS LOTTERY
Online betting platform partner DraftKings is gearing up for the timely launch of online and mobile sports betting in Kansas
OLATHE, Kan., August 18, 2022 /PRNewswire/ — Butler National Corporation (OTCQB: BUKS), through its wholly owned subsidiary which operates the Boot Hill Casino & Resort in Dodge City, Kansasreceived approval for Kansas Lottery Sports Betting Management Contract.
Earlier this summer, Butler National announced sports betting platform deals with DraftKings and Bally’s Corporation.
The Sportsbook Management Agreement provides for the management of sportsbooks, both internally at Boot Hill Casino, as well as through three Kansas Lottery-approved interactive sportsbook platforms. The duration of the contract is five years and provides for the share of statutory income of ten percent to the State.
“We have been working diligently with our current online betting platform partners to bring online sports betting to Kansans as soon as regulators give us the green light,” said clark stuart, CEO, Butler National Corporation. “The approval of the sports betting management contract brings us one step closer to this important achievement.”
In anticipation of the launch of sports betting by the Kansas Lottery, DraftKings expects a timely launch of its Kansas platform the day regulators approve the initial launch.
Boot Hill Casino & Resort, located in Dodge City, Kansasalso plans to unveil its tentative on-site sports betting and expects to accept bets soon after the launch of the interactive sports betting platform.
“Our team is focused on the timely launch of the DraftKings mobile platform and the DraftKings retail sportsbook at Boot Hill Casino in Dodge the city“, said Stewart. “We are excited to bring the excitement of sports betting to our casino customers and all Kansans.”
Butler National is a recognized provider of professional management services to the gaming industry and a leader in special mission aircraft modifications.
Once the Kansas Lottery launched sports betting, anyone legally permitted within the geographic boundaries of Kansas can place bets directly from their mobile devices or computers by accessing a participating bookmaker or possibly visiting a lottery gaming establishment.
About Butler National Corporation:
Butler National Corporation has been a recognized provider of professional management services to the gaming industry for over 20 years. Following the enactment of the Kansas Expanded Lottery Act (KELA), Butler National competed for a contract to manage a lottery gaming facility for the Kansas State. In 2008, Butler National Service Corporation (a subsidiary of Butler National Corporation) offered and won a contract to operate the Boot Hill Casino & Resort in Dodge the city. When Boot Hill Casino opened in 2009, it was the first state-owned and operated casino in Kansas. In addition to its gaming division, Butler National manufactures, sells and services carrier systems for private, commercial and military aircraft.
About Boot Hill Casino & Resort:
Boot Hill Casino & Resort, operated by BHCMC, LLC and Butler National Service Corporation, wholly owned subsidiaries of Butler National Corporation (OTCQB: BUKS), features over 500 electronic gaming machines, 14 table games and a 150 casual restaurant squares. known as the Firesides at Boot Hill.
The $90 million The Boot Hill Casino project opened in December 2009. Boot Hill Casino & Resort lottery games are owned and operated by the Kansas Lottery. The Kansas Racing and Gaming Commission provides regulatory oversight of the casino. For more information about Boot Hill Casino & Resort, please visit us at www.boothillcasino.comor call us at 1.877.906.0777.
Statements made in this report, other reports and proxy statements filed with the Securities and Exchange Commission, shareholder communications, press releases and oral statements made by representatives of the Company that are not historical in nature, or that indicate the Company’s or management’s intentions, hopes, beliefs, expectations or predictions about the future, may constitute “forward-looking statements” within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the ” Exchange Act”). Forward-looking statements can often be identified by the use of forward-looking terminology, such as “could”, “should”, “should”, “plans”, “continues”, “believes”, “may”, “would”. expects, “”hope”, “anticipate”, “goal”, “expect”, “plan”, “guidance” or “estimate” or the negative of these words, their variations or similar expressions. Forward-looking statements are not are not guarantees of future performance or results. They involve risks, uncertainties and assumptions. It is important to note that such actual performance and results, financial conditions or activities could differ materially from those expressed in these forward-looking statements. factors that could cause or contribute to such differences include, but are not limited to, those discussed in Item 1A of the Company’s Annual Report on Form 10-K, incorporated herein by reference. risk and elsewhere in this document or in other reports filed with the SEC. Other unforeseen factors not identified here could also have such an effect. We assume no obligation to update or revise any forward-looking statements to reflect changed assumptions, the occurrence of unforeseen events, or changes in future results of operations, financial condition or business over time.
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SOURCE National Butler Society
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