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Iowa gambling regulators ponder casino moratorium

by KIX101.1 /1230 KFJB News Department posted Jun 16 2014 10:05AM

DES MOINES, Iowa (AP) — Iowa gambling regulators plan to consider whether it's time to stop building more casinos in Iowa at a meeting next month after narrowly voting to approve one for Jefferson.

The five-member Iowa Racing and Gaming Commission approved Thursday on a 3-2 vote the $40 million casino in Jefferson.

It will be the 19th state-licensed casino. Iowa also has three American Indian casinos.

With 3.1 million people, Iowa has 18,000 slot machines and about 470 tables for poker and other games at the 18 state-run casinos.

Two consulting firms hired by the commission say Iowa's modest population growth and increasing gambling competition from adjacent states limits future growth potential.

They recommended no more casinos, and commission chairman Jeff Lamberti says that will be discussed at the July 31 meeting in Johnston.

Filed Under :
Location : Des MoinesIowa
People : Jeff Lamberti
06/16/2014 10:02AM
Iowa gambling regulators ponder casino moratorium
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