Gaming Boat Backers Keep Plans Close To Vest

Communities across Iowa, including backers of what apparently may be three competing proposals from Waterloo, are putting the finishing touches on proposals for new floating casinos they hope will win over state regulators. Their plans are due Wednesday to the Iowa Racing and Gaming Commission.

And many communities are keeping their plans hush-hush — with leaders saying they will wait until the last minute before filing applications. Despite the anticipation, commission members have said it could be months before they grant any new licenses. Administrator Jack Ketterer said in September the commission would announce a timetable for reviewing applications at its Nov. 18 meeting.

Don Hoth of the Black Hawk County Gaming Association is working with the Biloxi, Miss.-based gaming company Isle of Capri, which has boats in the Quad Cities. They hope to locate a riverboat casino on a manmade lake near Lost Island Adventurepark south of Crossroads Center.

The project would feature a “4-D” theater, RV park and campground, along with an indoor water park and other attractions. Hoth has been working to bring a casino to Waterloo for three years and is eager to finally turn an application over to the commission. But like some of his rivals, Hoth isn’t revealing any last-minute changes.

“There may be a surprise or two. I can’t discuss those right now,” said Hoth. His proposal will compete with a downtown plan proposed by the Cedar Valley Gaming Co. in partnership with Fort Madison-based Catfish Bend Casinos, Inc., and a third Waterloo proposal by the National Cattle Congress. Downtown boat project manager Gary Hoyer said his application will be ready.

“We’re putting our last-minute finishing touches on our application. We think it will be the best application in the state, second to none,” Hoyer said. The downtown plan would locate a five-story casino-hotel in the block presently occupied by Wells Fargo Bank between West Fifth and West Sixth streets along the Cedar River.

The adjacent Russell-Lamson Building, across Commercial Street, would be renovated for hotel suites. The project’s backers emphasize downtown revitalization and local ownership as assets. “It will demonstrate an extremely viable, energetic and exciting project for Black Hawk County that will help revitalize downtown and provide economic stimulus on an ongoing basis, from the creation of jobs, the commitment of substantial funds back in the community through the nonprofit (organization) and the local ownership which will return the profits to …

Introduction To 3 Reel Slot Machines

Slot machines have came a long way from the1895 Liberty Bell mechanical slot invented by Charles Fey. It has also came a long way from the Las Vegas gum and cigar dispensing “Keep the ladies busy” type of machines. Slot machines now take in over 80% of the total casino profits.
Slot machines are a multi-billion dollar business with the average machine cost of around $2500.00 for a 3 reel type machine and over $3500.00 for one of the new video machines. Slot machines are just about the only game in casinos that provide you with the chance to make a very big profit off of a small investment.
Here are a few pointers to make your gambling experience a little more fun. Only play what you can afford, remember even the nickel machines pay off big sometimes. If you’re playing for a jackpot set your sights a little lower, for example on the Double Diamond machines the jackpot for 3 Double Diamonds with max bet of 2 coins is 1600 coins. That means theoretically that it’ll hit about 8 times more often than a machine with a top jackpot of 10,000 coins. At least in this theory you have mathematics somewhat on your side. Once you win 1 or 2 of these lower jackpots take your winnings and play for the bigger ones.
If you are playing and it gets to the point where you’re bored or you think you just have to win, it’s time to take a break and go back to your room and watch a little TV or take in a show or have a few drinks, after all they’re on the house, or you can always enjoy a meal in the buffet, naps are optional, or one of the other restaurants in the casino. Be sure to ask for a comp.
Always join the players club and get one of those cards that you’ll lose about 35 times a day. You earn comps for rooms, food, show tickets, cash back and mail offers for free cash, food and hotel stays.

Know What You’re Playing
Always know the money amount of the machine you’re playing. The cost per credit on the machine is usually in the middle of the reel window at the bottom, near the buttons. Otherwise they’re located either on the top pay out glass or near the coin acceptor.
If you’ve got …