Officials with the Iowa Racing and Gaming Commission say they may stall the expansion of riverboat gaming to avoid oversaturating the market.

Commission chairman Richard Canella has said that the state panel may cap the number of gaming licenses available in Iowa in early 1995. One Iowa county was forced to issue general obligation debt this summer to bail out a failing gaming venture financed by revenue bonds.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.