Gaming Consultants Say Jefferson, Cedar Rapids Casinos Would Hurt Existing Ones
Consultants hired by the Iowa Racing and Gaming Commission say new casinos proposed for Jefferson and Cedar Rapids would get most of their money by sucking revenue from already existing casinos. The Des Moines Register reports Union Gaming Analytics and Marquette Advisors were hired to conduct independent evaluations of gambling in Iowa. The studies were designed to help commissioners decide whether to approve a proposed $165 million Cedar Rapids casino and a $40 million complex in Jefferson. The reports say casinos in Riverside, Altoona, and Emmetsburg would lose millions of dollars to the new ones.