
Peninsula Pacific Entertainment advances Cedar Crossing Casino opening to November 19 from December 31. The $275m Iowa project adds 700 slots and 22 tables plus entertainment and community facilities. A study projects $80.2m in new state revenue.
SCCG Take — The accelerated timeline signals execution capability and allows capture of year-end demand in a market still rebuilding from prior flooding.
Peninsula Pacific Entertainment will open the gaming floor at Cedar Crossing Casino & Entertainment Center on November 19. The date is six weeks earlier than the prior December 31 target. The shift advances the largest gaming project in Iowa history.
The $275 million development centers on 700 slot machines and 22 table games. A 1,500-capacity entertainment venue will host a sold-out Old Dominion concert on December 5 for the grand opening. The site occupies the former Cooper’s Mill location on the northwest side of Cedar Rapids.
The project adds an Arts & Cultural Center plus a STEM lab to broaden community reach. It sits in a flood-prone zone impacted by the 2008 flood that inundated more than 10 square miles. Builders placed the complex above the floodplain with targeted reinforcements.
A market study commissioned by P2E and performed by Convergence Strategy Group forecasts $80.2 million in new revenue for the state. The analysis also projects job creation and further revenues.
As reported by G3 Newswire, Aaron Gomes, President of Peninsula Pacific Entertainment, said: “I’m proud of our team and what they’ve accomplished to bring Cedar Crossing to this point. We can’t wait to welcome everyone on November 19.” P2E’s Jonathan Swain stated that Cedar Crossing “will be a transformative addition to the region and a major source of new revenue for the state.”
Reporting: G3 Newswire
Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.
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