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    Greyhound Racing NO NEW CASINOS IN IOWA
    Posted byadmin on Saturday, February 28 @ 17:16:56 EST
    Contributed by admin

    BILL NOW MOVES TO SENATE

    DES MOINES, Iowa -- The House dashed the hopes of five counties seeking to add riverboats with passage of a bill Thursday night that mandates no new gambling licenses in the state.
    The bill freezes the number of gambling licenses at the current level, a move that upset those in areas of the state that have passed referendums for riverboat casinos.
    After debating the bill and its 67 amendments all day Thursday, the bill passed the House 73-26 and moves to the Senate, where supporters of more gambling said they will try to amend it to allow more casinos.
    The bill allows Prairie Meadows Racetrack and Casino in Altoona and dog racing tracks in Dubuque and Council Bluffs to add table games such as poker.
    It also permits riverboats to convert to stationary barges, eliminating the current cruising requirement.
    The bill taxes the state's 10 riverboat casinos at 22 percent.
    Prairie Meadows must pay a 24 percent tax. Bluffs Run Casino and Greyhound Park, in Council Bluffs, would pay 24 percent if it added table games because. Dubuque G reyhound Park and Casino would pay a 22 percent tax even if it adds table games.


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