COUNCIL BLUFFS – The Iowa Racing and Gaming Commission denied Cedar Rapids a new casino development this morning.
According to the Cedar Rapids Gazette, the four-member board denied the application because studies show that a casino in Cedar Rapids would harm nearby casinos in Waterloo and Riverside, both about 40 miles away in opposite directions from Cedar Rapids.
A Cedar Rapids casino was expected to generate $100 million over the first five years it would be open. The city applied for a gaming license last year.
