NEW STUDY: Gaming Commision To Study Casino Market
The Iowa Racing and Gaming Commission took the next step in considering a new casino for Linn County.
In March, voters in Cedar Rapids passed a casino referendum. Thursday, the commission met in Osceola agreed to accept their application for a casino license and set a September 3 deadline for investors who want to build the new location.
Currently only one investor is interested in building.
The commission also decided to do a statewide study of the casino market before granting any more licenses.
“We have talked about obviously taking part in a market study that focuses on what we know in terms of the approval of the referendum in Linn County, but I think the commission and I want to study the rest of the state of Iowa as well,” Jeff Lamberti said.
Adding another casino to eastern Iowa raises concerns of having too many in one area.
The study will be done next year.
The last market gaming study was completed 5-years ago.