The Cedar Rapids Development Group has announced an operator for the proposed Linn County casino. JNB Gaming, LLC has been awarded an agreement to manage the casino. This is pending license approval from the Iowa Racing and Gaming Commission.
According to a press release, JNB Gaming, LLC is a newly established gaming management company. The company's partners are Jonathan Swain, Natalie Schramm, and Brent Stevens. The three were formerly leaders of Peninsula Gaming, LLC, which operated five casinos in three states. Those casinos include Diamond Jo Dubuque and Diamond Jo Northwood. Peninsula Gaming, LLC was purchased by Boyd Gaming Corporation in November 2012.
The proposed casino will cost more than $110 million dollars to build. Investors are eyeing land on the west side of the Cedar River near downtown Cedar Rapids.
Linn County voters approved a referendum to allow a casino in a special election in March.
Thursday, April 24 2014 2:44 PM EDT2014-04-24 18:44:46 GMT
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