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Abston-McKay Ventures LLC and Lakes Entertainment, Inc plan to invest up to $75 million on the development of the Sportsman Casino and Lodge in Tunica, Mississippi.
The project will be constructed on the site of the former Isle of Capri casino on Casino Strip.
The duo has proposed to renovate the 220 room hotel on the site and construct a new casino with approximately 50,000 square feet of gaming space.
“We are currently working on the details of the casino development, but we expect it to be a first class casino facility with the exciting new games, restaurants, entertainment, a hotel and other amenities to which the public has become accustomed with respect to Lakes’ managed properties,” stated Lyle Berman, Lakes’ Chief Executive Officer.
The proposed casino would be independently owned by Abston-McKay Ventures and Orr Family Properties and managed by Lakes Entertainment, Inc.
Construction could begin this summer and open by the end of summer 2011.
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