Washington Evening Journal
http://washington-ia.villagesoup.com/p/1168540

Neighbors Growing Together | Nov 24, 2014

Cedar Rapids casino fails

Apr 17, 2014

The Iowa Racing and Gaming Commission voted today to deny a license to build a casino in Cedar Rapids. For more information, see the April 17 edition of The Washington Evening Journal.

Comments (4)
Posted by: Glen Peiffer | Apr 21, 2014 13:17

Dan could operate a shuttle bus between his Lake Darling Lodge and Marina to his Riverside Casino.



Posted by: Glen Peiffer | Apr 21, 2014 06:30

DUBUQUE, Iowa - When Members of The Dubuque Racing Association s learned Dubuque's two casinos would not lose money to a Cedar Rapids casino, they felt like they dodged a bullet.
Members of the Dubuque Racing Association say they too were very worried about what another eastern Iowa casino would mean for business back at the Diamond Jo and at the Mystique Casino.

One member of the board says the Iowa Racing and Gaming Commission's decision may have saved the entire Iowa gaming industry,

Had the Linn County Casino come to fruition, the D.R.A. estimated Dubuque would have felt a 5 to 10 percent drop in revenue.

D.R.A Board Member Rick Dickinson says the Dubuque casinos are already under financial stress for two big reasons. First because of gaming expansion in Illinois. Second, Dickinson also says the Mystique Casino is losing $4.5 million each year because of the cost or greyhound racing.

Dickinson said, he believes they made the right decision for the Iowa gaming industry as a whole.

Dickinson said, "It may well have been the nail in the coffin, for at least a segment of gaming in Iowa. And in Dubuque in particular. "

Dickinson added he understands why The City of Cedar Rapids would want a casino in that community. But he says they've missed the boat.




Posted by: Glen Peiffer | Apr 18, 2014 03:13

DAVENPORT -- A local developer who lost his bid to build a new casino is back at the table proposing a $250 million retail and recreational project he says would bring 1,000 jobs and millions in property tax revenue. Mr. Kehl competed with Mr. Blackwell for a land-based casino last year in Davenport. In 2013, the Riverboat Development Authority, the nonprofit board holding Rhythm City Casino's license, chose Mr. Kehl's proposal over Mr. Blackwell's plan.

Mr. Blackwell now is proposing a multi-million retail and recreational project for the same location he had offered for a land-based casino.
Davenport Mayor Gluba said he envisions an indoor/outdoor water park, an outlet mall, a theater, hotels, restaurants and possibly a Costco store in Mr. Blackwell's development. The project would be near the new land-based Davenport casino Mr. Kehl plans to build in the fall of 2015. The casino project is estimated to cost between $100 million and $120 million.



Posted by: Glen Peiffer | Apr 18, 2014 01:36
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