The Iowa Racing and Gaming Commission has denied an application for a gaming license for developers hoping to build a casino in Cedar Rapids.
The commission met Thursday morning to make the decision. The final vote was 4 to 1 to deny the license.
Several of the commissioners cited two recent studies that showed casino gambling in Iowa was reaching the saturation point and any new casinos would impact revenue for existing casinos.
“I don’t believe the eastern Iowa area is underserved,” said Commissioner Carl Heinrich before casting his “no” vote. The only “yes” vote came from Commissioner Delores Mertz.
Voters in Cedar Rapids approved the project in March of 2013.