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Iowa board approves Grand Falls Casino in Lyon County

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May 13, 2010

IOWA BOARD APPROVES LYON COUNTY CASINO - REJECT 3 OTHERS

On Thursday, the Iowa Racing and Gaming Commission gave approval for a Lyon County casino license. However, they also rejected the requests from three other area communities.

The Lyon County casino was unanimously approved by the five member commission. They believe the 17 other state licensed casinos will be unaffected by the new casino. They are hopeful that the decision will attract visitors from Sioux Falls South Dakota. Which is only 8 miles away.

The commission also denied the requests from Tama, Fort Dodge, and Ottumwa County. Stating that Lyon County had met the criteria and will not have an impact on existing casinos.

The new Lyon County casino is estimating that 80% of its revenue will come from visitors from out of state. The other three proposed casinos only estimated 10%. The Lyon County casino project is also expecting to help the local economy. 400 new jobs will be created for an area population of 11,000.

The new casino is estimated to cost $120 million. This will include a resort hotel and golf course.

Return to Iowa Casinos.

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