Iowa could open a new $250Million Cedar Rapids Casino this year, after state senators chose not to extend a moratorium that prevented the state from giving away any more gaming licenses.
The Iowa Legislature adjourned over the weekend and although state officials were proposing to extend the current moratorium within the state, they decided against the extension despite a one sided vote.
Lawmakers voted 76-16 in favour of extending the gaming freeze in Iowa until 2029, but the senate chose to rule against the vote much to the pleasure of state representative Sami Scheetz.
“I am thrilled that the proposed extension of the casino moratorium did not advance in the Iowa Legislature. This outcome is a significant victory for Cedar Rapids, as we will now have the opportunity to make our case to the Iowa Racing and Gaming Commission.
“Our community has waited patiently for the chance to enhance our economic landscape, and we are ready to present a compelling argument for why Cedar Rapids deserves this opportunity for growth and revitalisation.”
The moratorium in Iowa will officially expire in three months on July 1st, at 12:01 a.m local time.
Cedar Rapids Development Group will now look to take the next steps in bringing Iowa a new casino to the second most populated city within Iowa, with a $250Million project already in the plans.
The Iowa Racing and Gaming Commission has already rejected two gaming resort proposals from Cedar Rapids Development Group in both 2014 and 2017 but they won’t be deterred and the new lifting of the Moratorium is certainly a step in the right direction.
Visit Instant Withdrawal Casinos for the quickest payout options in the iGaming industry.
