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KANSAS CITY, KS-Uncasville, CT-based Mohegan Resorts Kansas LLC, a subsidiary of the Mohegan Tribal Gaming Authority, has purchased one of the three shares in the development of the proposed $770 million Legends Sun casino project. Olympia Gaming-KC LLC, a division of Las Vegas-based Olympia, has sold its interest in the development. RED Development LLC, based here, owns the third share.

The project is one of four casino proposals for the area, and is set for the intersection of 110th Street and Parallel Parkway, next to a retail complex that’s just north of the Kansas Speedway. The venture is competing at getting a management contract in what will be a state-owned casino with the four other proposals, that include plans for a $797 million Sands Kansas, the $706 million Hard Rock Hotel & Casino and a $687 Golden Heartland casino. The Legends project is proposed to have 2,000 slot machines and 85 table games, a golf course, a 350-room hotel, a convention center, 200,000-sf of retail and 200,000-sf of residential development.

An Olympia spokesman confirmed the sale. “The move was designed to free up Nevada-based Olympia to focus on its growing portfolio of in-state projects,” he tells GlobeSt.com. A Mohegan statement did not explain its reason for the purchase. A spokesman did not return a call before press time.

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