Iowa considers bill to ban new casinos for five years, affecting a $275M Cedar Rapids project.

Iowa lawmakers are considering a bill that would impose a five-year moratorium on new state-licensed casinos, potentially blocking a proposed $275 million casino in Cedar Rapids. The bill, if passed, would prevent the Iowa Racing and Gaming Commission from issuing new licenses until June 30, 2030, and would set criteria to deny licenses if they negatively impact existing casinos' revenues by more than 10%. Supporters of the Cedar Rapids casino argue it would create jobs and boost the local economy, while opponents worry it would harm nearby casinos.

2 months ago
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