Community support, population shifts and whether a new casino would take business away from others in the region are factors state regulators would consider to approve a new casino in the Cedar Rapids area.
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Articles Tagged: Casinos
Linn County voters on Nov. 2 approved the gaming referendum by a slimmer margin compared with 2013, but the likely developer says he and other investors are pressing forward with Cedar Rapids on identifying a casino location and preparing a license application for the Iowa Racing and Gaming Commission.
Almost $225,000 raised in support of extending the local-option sales tax, which goes to street repairs in Cedar Rapids.
Details remain in the works for where developers would build a potential casino ahead of the Nov. 2 vote on the Linn County gaming referendum, which leaves open the door for cities to seek a casino license. If passed, the matter will never come before county voters again.
Iowa is saturated in gambling options, with casinos, racetrack casinos, sports betting and a lottery. Iowans wanted to gamble, and our leaders obliged.
“Futures betting and a handful of college games are enough to move the needle. That’s how important football is to the sports betting industry,” said Eric Ramsey, analyst for the PlayUSA.com Network.
The Linn County Gaming Association rallying for passage of the gaming referendum again on the Nov. 2 ballot on Wednesday committed 8 percent of revenue from a potential future gaming operation to local nonprofits.
A not-for-profit board emerges to support the measure’s passage and leave the door open for Cedar Rapids to again apply for a licensed casino.
Voters’ approval would open the door to another try for a casino in Cedar Rapids
Iowans wager nearly $161.44 million in ’March Madness’ month
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