Ground To Be Broken For New Iowa Casino On FridayProject To Cost $120 Million And Will Open Next Summer |
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A groundbreaking ceremony for a new casino in Sioux City, Iowa is scheduled for Friday morning, the Sioux City Journal reported Monday.
The property will be called Hard Rock Hotel & Casino Sioux City.
The firm behind the project is Sioux City Entertainment, which will rely on the help of Iowa-based Conlin Construction. The project will cost $120 million.
The casino reportedly will contain 100,000 square feet of gaming floor space, in addition to an “entertainment complex.” The site itself is 16 acres in size and located downtown.
“Development of the $120 million project is on schedule,” Bill Warner, president of Sioux City Entertainment, said last month. “Everything is going very smoothly.”
In order to get underway, existing structures on the site will have to be demolished.
The Iowa Racing and Gaming Commission reportedly will approve the deal between the two firms at a regulatory meeting this week.
A grand opening of the new casino is expected next summer.
According to the American Gaming Association, the commercial casino industry’s top lobbying group in Washington, the state of Iowa currently has 18 operating brick-and-mortar casino properties. Those include riverboats and land-based casinos and racetracks.
The state takes in nearly $1.5 billion per year from its commercial gambling industry.
Iowa legalized casinos in 1989 and saw its first property rise from the ground two years later.
For more news from Iowa, check out its state page.
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