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[…]

Gazette: What Cedar Rapids can learn from Sioux City’s urban casino

SIOUX CITY — As the license for the Argosy riverboat casino was expiring a few years ago, Sioux City officials wanted to renew it but move gambling to downtown, which was undergoing a renaissance but still had pockets of blight and missed opportunities. Officials saw the riverboat as mostly benefiting itself and drawing only gamblers.[…]

Gazette: Two firms to conduct market studies for proposed Cedar Rapids casinos

COUNCIL BLUFFS — The path forward for a high stakes decision of whether to approve a gambling license for one or more casinos in downtown Cedar Rapids became clearer today… A timeline for evaluating the proposals also was laid out at today’s meeting and includes the following dates: July 13 — The developers of the[…]

Cedar Rapids investment group announces updated casino plan

CEDAR RAPIDS, Iowa—The Cedar Rapids Development Group (CRDG), along with Peninsula Pacific, announced today they have submitted an application to the Iowa Racing and Gaming Commission for a casino in Cedar Rapids. The proposal includes two distinct options: Cedar Crossing on the River, located in the Kingston Square neighborhood; and Cedar Crossing Central, located next[…]

Frequently Asked Questions

Who is Cedar Rapids Development Group and Peninsula Pacific? The Cedar Rapids Development Group is a coalition of investors—nearly 100 community leaders who invested several million dollars to develop a casino in Iowa’s second largest city. The CRDG spearheaded the 2013 Linn County referendum to bring a casino to Cedar Rapids, spending a significant amount[…]