DES MOINES, Iowa (AP) – Supporters of a proposed Jefferson casino say they’ve reached an agreement with the casino operator to share 5 percent of the revenue with charitable organizations in Green County and the surrounding counties.
Grow Greene County Gaming Corp., the nonprofit organization applying for a gambling license and Wild Rose Entertainment, the company planning to run the casino announced details of their operating agreement Tuesday.
Casinos in Iowa share an average of 4.1 percent of revenue with charitable groups. The state requires at least 3 percent.
Tom Timmins, Wild Rose CEO says the Jefferson casino should generate $30 million a year, providing $1.5 million for charitable groups in Greene and surrounding counties.
Wild Rose operates casinos in Emmetsburg and Clinton. It’s proposing a casino, restaurant and hotel complex for Jefferson.
Copyright 2013 The Associated Press.