Employing 750 people, and expecting to attract 2 million customers a
year, the casino expects gross revenues of about $100 million.
"We should have had this years ago," Herb Mohler, a local retiree.
The casino is the last of four new gambling emporia authorized two
years ago by the Iowa Racing and Gaming Commission. Now, the state has
20 casinos that attract more than 20 million guests who spend more than
$1 billion annually.
The new gambling facility in Waterloo was built by Isle of Capri
Casinos of St. Louis, which already operates Iowa riverboat casinos in
Davenport, Bettendorf and Marquette. The casino features a "Las
Vegas-style gambling environment," with 1,100 slot machines and 35
table games.
Other features include guest suites with whirlpool baths and
fireplaces, several restaurants, a nightclub, and a pool and spa, a
spokesman for the casino said.
The objective: compete with the Riverside Casino & Golf Resort near
Iowa City and with other new Iowa casinos, said Kim Hardy, the Isle's
general manager. The closest competition will be about 50 miles away at
the tribal-owned Meskwaki casino and hotel.
According to Nancy Donovan, the Isle of Capri's regional vice president
of operations, the arrival of the Waterloo casino will mark the
introduction to Iowa of a new upscale brand of property by her company.
"We are really excited about it," she said.
The opening of the Waterloo casino is the culmination of a long push by
some community leaders to bring casino gambling there.
© Copyright 2007 Online Casino Crawler This material may not be published, broadcast, rewritten, or redistributed.
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Isle Casino & Hotel Opens this Week in Iowa
By Gene Koprowski
The Isle Casino & Hotel, located in Waterloo, Iowa, built for $175 million, will finally open this Saturday at 7 p.m., debuting one of the biggest and most lavish gambling operations in the Midwest.
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