Two studies probing the economic impact of allowing a casino in Cedar Rapids concluded that Iowa’s commercial gaming industry has likely already reached its saturation point. The Innovation Group and Marquette Advisors have released their market impact reports for allowing a commercial casino resort in Cedar Rapids. The Iowa Racing and Gaming Commission will determine if a casino bid for the city can proceed. (Image: The Innovation Group) Last summer, the Iowa Racing and Gaming Commission (IRGC) ordered two market studies regarding a casino in the state’s second most populated city. The Cedar Rapids City Council and Mayor Tiffany O’Donnell (R) are seeking a state-issued gaming license to allow a group of local businesspeople operating as the Cedar Rapids Development Group to finance a casino resort on 25 acres of city-owned land just west of the Cedar River. The IRGC commissioned Marquette Advisors of Minneapolis and The Innovation Group of New Orleans. The consulting firms were tasked with projecting how… Read More

Category: Research, Cedar Crossing, Cedar Rapids, Illinois, Innovation Group, Iowa, Marquette Advisors, Nebraska, Riverside, Wisconsin 

Source: Casino.org