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Study: Iowa Casino Proposals Offer Best Potential

IOWA – As reported by the Des Moines Register: "Riverboat-style casinos proposed in Waterloo and Riverside in eastern Iowa offer the best potential to make money, while two projects proposed in Emmetsburg in northwest Iowa have the least potential, a new study shows.

"The report is to be discussed today in Council Bluffs by the Iowa Racing and Gaming Commission, which will make decisions next month on requests for 10 casino licenses in seven Iowa communities.

"The commission hired Cummings Associates of Arlington, Mass., a consulting firm that has studied Iowa's casino markets over the past decade, to look at potential impacts of additional riverboat gambling operations.

"Three groups are proposing riverboat casino projects in Waterloo, and Cummings Associates said each could expect to generate more than $90 million annually in gross gambling revenue. The projections assume only one riverboat would be approved for Waterloo, and each of the other six communities would receive a casino license…"

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