posted on April 18, 2014 02:49 PM
Jeff Lambert, chair of the Iowa Racing and Gaming Commission, says he and other commissioners are cautious about allowing competing casinos to come in too close to existing casinos. He says Iowa has had a stable gaming industry, and he voted against a proposed Cedar Rapids casino because it...
posted on April 18, 2014 02:48 PM
Iowa Racing and Gaming Commission Chairman Jeff Lamberti says the commission encourages and requires gambling facilities to be top-notch. He says that means competition is a big factor in deciding whether or not a new facility would be a benefit or if it would have a negative impact on other...
posted on April 18, 2014 02:46 PM
Economist Ernie Goss says the casino industry is very competitive, with newer facilities competing against older facilities and luring away customers. He also points out that casinos in interior locations within Iowa generally don't draw as many out-of-state gamblers as border town casinos.
posted on April 18, 2014 02:44 PM
Jeff Lamberti, chair of the Iowa Racing and Gaming Commission, says a proposed Greene County casino is not an apples-to-apples comparison with the Cedar Rapids casino proposal that the commission voted down at its April meeting. Lamberti says Greene County's location and smaller casino size...
posted on December 13, 2013 05:21 PM
Economists David Swenson from Iowa State University and Ernie Goss from Creighton University say casinos in Iowa's border towns draw in money from out of state, but casinos more in the middle part of the state aren't necessarily good economic development tools. They say it's a money shift; the...