Ground broken for new $100 million casino in Coweta
Officials broke ground for a new $100 million Muscogee Nation casino in Coweta.
The Coweta Casino Hotel, which will be built on the southeast corner of 131st Street and Oklahoma 51, is planned to open in the spring of 2026.
The 104,000-square-foot development in the Wagoner County city will be about 25 miles southeast of downtown Tulsa and about 10 miles from central Broken Arrow.
In addition to the 35,000-square-foot casino with 750 state-of-the-art gaming machines, the development will have a 46-room hotel with a pool, a fitness center, concierge services, and a meeting and event space to accommodate as many as 150 guests, officials said.
During the construction phase, the capital investment in the project will support an estimated 501 jobs in the region, providing $22.6 million in income for a total economic impact of $132.5 million in the Wagoner County region.
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When fully operational, the Coweta Casino Hotel is expected to create 250 new direct jobs that will support an additional 346 jobs in the community for a total of 596 jobs across the Wagoner County region.
These jobs will create $27.5 million in new income annually, officials said.
“I think it will be a really nice addition for the city of Coweta,” said Pat Crofts, CEO of Muscogee Nation Gaming Enterprises. “I think there will be a lot of (nearby) restaurants and coffee shops and those sorts of things that will be be built.”
Solar energy company announces contractor for $620M plant at TIA
The company building a $620 million solar energy plant at Tulsa International Airport announced a Chicago-based company as its contractor for the project.
Oslo, Norway-based NorSun announced the signing of an engineering, procurement and construction contract with Clayco, an engineering and construction firm, for its new solar wafer manufacturing plant.
“This agreement follows a rigorous selection process, where NorSun placed significant emphasis on broad experience, reference work and capacity to execute on building large complex industrial facilities,” a news release says.
“Through their performance during the preceding design efforts, NorSun selected Clayco to lead the construction of the facility.”
Construction work is expected to commence in 2025 leading up to wafer production in mid-2026.
The project, which will be constructed on airport property east of Mingo Road and west of U.S. 169, is expected to employ about 320 people.
“As a top-tier U.S. engineering and construction firm, Clayco is committed to advancing the nation’s green energy transition,” said Anthony Johnson, president of the industrial business unit for Clayco.
“This landmark facility for NorSun in Tulsa marks a major step in rebuilding the U.S. solar value chain, and we’re proud to join forces with NorSun in this endeavor. We’re honored by the trust placed in us and have valued our close collaboration throughout this project.”
ONE Gas reports third-quarter earnings
Tulsa-based ONE Gas reported its third-quarter net income was $19.3 million, or 34 cents per diluted share, compared with $25.2 million, or 45 cents per diluted share, in the third quarter of 2024.
Year-to-date net income was $145.8 million, or $2.56 per diluted share, compared with $160.5 million, or $2.87 per diluted share, in the same period last year, the company said.
The company raised and tightened 2024 diluted earnings per share guidance to a range of $3.85 to $3.95 from a previous range of $3.70 to $4.
The board of directors declared a quarterly dividend of $0.66 per share ($2.64 annualized), payable on Dec. 4, to shareholders of record at the close of business on Nov. 19.
“Through company-wide effort and focused execution, we have raised and narrowed our 2024 financial guidance, all while maintaining a healthy balance sheet,” said Robert S. McAnnally, president and chief executive officer.
“As we approach the end of the year, we are poised to deliver strong financial results, serve our customers and strategically position the company for the opportunities that lie ahead.”