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Studies Suggest New Casino Would have Significant Impact on Local Casino

Posted: Wednesday, March 5th, 2014 at 6:23 am
Author: KCII News - Nathan Swenson

The results of two independent studies suggest a Cedar Rapids casino would greatly impact Washington County.  The Iowa Racing and Gaming Commission hired two firms to conduct a market analysis, one estimating that a casino in Linn County would take around 30% of the Riverside Casino’s annual business, while the other projected it would take 42%.

Those figures are much different than the projection made in a study commissioned by the group looking to build the casino in Cedar Rapids, which said Riverside Casino would only lose 8% in annual revenue.

Riverside City Administrator Rusty Rogerson has been attending the Gaming Commission’s meetings for the past year. In his opinion, the two new studies improve the chances that the commission will decide not to grant a gaming license for the Linn County casino. That decision will be made April 17th.