{"id":324721,"date":"2024-07-09T13:50:11","date_gmt":"2024-07-09T18:50:11","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=324721"},"modified":"2024-07-09T14:20:15","modified_gmt":"2024-07-09T19:20:15","slug":"iowa-gaming-regulators-order-study-cedar-rapids-casino","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/","title":{"rendered":"Iowa Gaming Regulators Order Market Study Regarding Cedar Rapids Casino"},"content":{"rendered":"

Iowa gaming regulators announced Monday that they want a market study on how a casino resort in Cedar Rapids would impact the state’s commercial gaming industry.<\/span><\/p>\n

\"Iowa
An aerial view of the roughly 25-acre plot of land owned by the City of Cedar Rapids. The parcel has been entered into a right-to-purchase agreement with an investment group that wants to build a casino there. (Image: Google Maps)<\/figcaption><\/figure>\n

During the Iowa Racing and Gaming Commission’s (IRGC) Monday meeting at the Prairie Meadows Casino and Hotel in Altoona, commissioners<\/a> passed a motion to conduct a review of allowing a casino in Linn County. The IRGC will soon issue a request for proposals for the market study report.<\/span><\/p>\n

In the interim, the IRGC will hold a virtual meeting this Friday to unveil a rough timeline for when the gaming regulator might accept applications for a casino in Linn County.<\/span><\/p>\n

Moratorium Ends, Development Group Ready<\/b><\/span><\/h2>\n

In 2022, the Iowa Legislature passed a bill that prohibited the IRGC from issuing new casino licenses for two years. The moratorium came after Iowa’s current 19 state-licensed casinos campaigned for a stoppage on additional competition as new casinos opened in neighboring Nebraska<\/a>.<\/span><\/p>\n

House lawmakers earlier this year voted to extend the casino moratorium<\/a> by five years through June 2029, but the plan didn’t pass in the Senate. That was a major win for the Cedar Rapids Development Group (CRDG), a consortium of mostly local businesspeople who have sought a casino license for Cedar Rapids for more than a decade.<\/span><\/p>\n

\n

CRDG is partnered with Peninsula Pacific Entertainment (P2E) for a project called Cedar Crossing<\/a>. The development is targeting 25 acres of land currently owned by the city just north of Interstate 380, west of the Cedar River between F and I avenues and 1st and 5th streets.<\/span><\/p>\n<\/div>\n

CRDG has a right-to-purchase agreement with the city for the land should it gain a casino license from the state. The development group last year paid the city $165K for first dibs on the property. The selling price will be based on an independent assessment.<\/span><\/p>\n

P2E President Jonathan Swain told state commissioners this week that they’ve paid more than $800K on design plans for Cedar Crossing. A new rendering will be accompanied by the group’s forthcoming casino application<\/a>.<\/span><\/p>\n

Referendum First<\/b><\/span>\u00a0<\/b><\/span><\/h2>\n

Iowa’s casinos continue to stress that the state gaming industry has reached market saturation and that another casino will further strain their operations, reduce state tax revenue, and put jobs in jeopardy. CRDG argues a casino in Iowa’s second-most populated city would only grow the state gaming industry and provide Iowans with a true Las Vegas experience closer to home.<\/span><\/p>\n

\n

With the casino moratorium over, the IRGC can expand the state gaming industry. The agency denied casino applications for a Cedar Rapids casino in 2014 and 2017 on cannibalization worries. However, the five IRGC members who voted against the Cedar Rapids bids in those years are no longer serving on the commission.<\/span><\/p>\n<\/div>\n

Iowa’s casino law requires host counties to hold countywide referendums asking local voters if they support allowing a casino in their hometown.<\/span><\/p>\n

Linn County held successful casino referendums in 2013 and 2021. Since the county held two casino referendums within eight years with positive support, a subsequent referendum to allow the IRGC to consider casino bids isn’t needed.<\/span><\/p>\n

Iowa’s gaming law additionally requires casino licenses to be held jointly by nonprofit organizations and their casino operating partners. \u00a0<\/span><\/strong><\/p>\n

The CRDG has formed the Linn County Gaming Association, a nonprofit, that will bid for the Cedar Rapids license in conjunction with P2E. If approved, the development group has pledged to allocate 8% of its annual gross gaming revenue to local and state charities.<\/span><\/p>\n

Commercial casinos in Iowa must donate a minimum of 3% of their gaming revenue to charity. The state tax on gross gaming revenue varies from 5% to 22%, based on annual win.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Iowa gaming officials want a market study on allowing a casino in Cedar Rapids.<\/p>\n","protected":false},"author":25,"featured_media":324724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[86430,13592],"tags":[86879,83835,87066,81932,82104,83834],"acf":[],"yoast_head":"\nIowa Regulators Order Study Regarding Cedar Rapids Casino<\/title>\n<meta name=\"description\" content=\"Iowa gaming regulators announced yesterday that they want a market study on how a casino in Cedar Rapids would impact the gaming industry.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iowa Regulators Order Study Regarding Cedar Rapids Casino\" \/>\n<meta property=\"og:description\" content=\"Iowa gaming regulators announced yesterday that they want a market study on how a casino in Cedar Rapids would impact the gaming industry.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-09T18:50:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-09T19:20:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/07\/Cedar-Crossing-site-map-858x572-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O'Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O'Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/\",\"url\":\"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/\",\"name\":\"Iowa Regulators Order Study Regarding Cedar Rapids Casino\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/07\/Cedar-Crossing-site-map-858x572-1.jpg\",\"datePublished\":\"2024-07-09T18:50:11+00:00\",\"dateModified\":\"2024-07-09T19:20:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"Iowa gaming regulators announced yesterday that they want a market study on how a casino in Cedar Rapids would impact the gaming industry.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/07\/Cedar-Crossing-site-map-858x572-1.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/07\/Cedar-Crossing-site-map-858x572-1.jpg\",\"width\":1200,\"height\":800,\"caption\":\"An aerial view of the roughly 25-acre plot of land owned by the City of Cedar Rapids. The parcel has been entered into a right-to-purchase agreement with an investment group that wants to build a casino there. (Image: Google Maps)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Regulation\",\"item\":\"https:\/\/www.casino.org\/news\/regulation\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Iowa Gaming Regulators Order Market Study Regarding Cedar Rapids Casino\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\",\"name\":\"Devin O'Connor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"caption\":\"Devin O'Connor\"},\"description\":\"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/devinoconnor\/\",\"https:\/\/x.com\/CasinoorgDevinO\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Iowa Regulators Order Study Regarding Cedar Rapids Casino","description":"Iowa gaming regulators announced yesterday that they want a market study on how a casino in Cedar Rapids would impact the gaming industry.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/","og_locale":"en_US","og_type":"article","og_title":"Iowa Regulators Order Study Regarding Cedar Rapids Casino","og_description":"Iowa gaming regulators announced yesterday that they want a market study on how a casino in Cedar Rapids would impact the gaming industry.","og_url":"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2024-07-09T18:50:11+00:00","article_modified_time":"2024-07-09T19:20:15+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/07\/Cedar-Crossing-site-map-858x572-1.jpg","type":"image\/jpeg"}],"author":"Devin O'Connor","twitter_card":"summary_large_image","twitter_creator":"@CasinoorgDevinO","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Devin O'Connor","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/","url":"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/","name":"Iowa Regulators Order Study Regarding Cedar Rapids Casino","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/07\/Cedar-Crossing-site-map-858x572-1.jpg","datePublished":"2024-07-09T18:50:11+00:00","dateModified":"2024-07-09T19:20:15+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf"},"description":"Iowa gaming regulators announced yesterday that they want a market study on how a casino in Cedar Rapids would impact the gaming industry.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/07\/Cedar-Crossing-site-map-858x572-1.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/07\/Cedar-Crossing-site-map-858x572-1.jpg","width":1200,"height":800,"caption":"An aerial view of the roughly 25-acre plot of land owned by the City of Cedar Rapids. The parcel has been entered into a right-to-purchase agreement with an investment group that wants to build a casino there. (Image: Google Maps)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/iowa-gaming-regulators-order-study-cedar-rapids-casino\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Regulation","item":"https:\/\/www.casino.org\/news\/regulation\/"},{"@type":"ListItem","position":3,"name":"Iowa Gaming Regulators Order Market Study Regarding Cedar Rapids Casino"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf","name":"Devin O'Connor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","caption":"Devin O'Connor"},"description":"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.","sameAs":["https:\/\/www.linkedin.com\/in\/devinoconnor\/","https:\/\/x.com\/CasinoorgDevinO"],"url":"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/324721"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=324721"}],"version-history":[{"count":4,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/324721\/revisions"}],"predecessor-version":[{"id":324733,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/324721\/revisions\/324733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/324724"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=324721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=324721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=324721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}