Cedar Rapids, Iowa News, Sports, and Weather
Study Predicts Higher Revenue For Sioux City Casino
DES MOINES, Iowa (AP) A study paid for by Iowa regulators says a land-based casino in Sioux City should expect revenue to rise up to 40 percent over the current water-based casino's revenue.
The Sioux City Journal says the study by Minneapolis-based Marquette Advisors projects that the Hard Rock Hotel & Casino will generate $78.5 million in gross revenue in fiscal 2017. That's more than $22 million higher than the $56 million in revenue posted by the Argosy Sioux City riverboat casino in the budget year that ended June 30.
The $128.5 million Hard Rock venue is under construction in downtown Sioux City.