Gazette: Cedar Rapids casino market studies: Grim to glimmer of hope

Two independent market studies released Thursday paint different pictures of what a casino in Cedar Rapids would mean for the state.

Reports by both Marquette Advisors of Minneapolis and White Sand Gaming of Atlantic City, N.J., predict Riverside Casino & Golf Resort would lose at least 20.5 percent of its $85 million-plus annual revenue if any of the three Cedar Rapids casino proposals are built.

However, the firms varied widely on the state impact, revenue generated and overall cannibalization rates.

Read the full article on the Gazette’s website:

http://www.thegazette.com/subject/news/government/cedar-rapids-casino-market-studies-nothing-has-changed-20171005