RIVERBOAT GAMBLING - Revision history

Randylyon at 18:46, 2 May 2021

2021-05-02T18:46:52Z

← Older revision		Revision as of 18:46, 2 May 2021
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	[[Image:RiverboatGambling2.png\|left\|thumb\|250px\|]]RIVERBOAT GAMBLING. In March 1989 the Excursion Gambling Boat Act was passed by the Iowa Legislature. This law allowed limited, low-stakes casino gambling on Iowa's rivers and lakes beginning April 1, 1991. Iowa became the fourth state to adopt non-Indian, commercial casino gambling preceded by Nevada (1931), New Jersey (1976), and South Dakota (1988) and the first state to introduce riverboat gambling. While the legislation was promoted as economic development, the regulatory nature of the legislation was designed to maintain the wholesome image of Iowa. There was a $5 minimum wager and a $200 loss limit per excursion. Only 30% of the boat's square footage could be devoted to the casino, sailing was mandated rather than dockside gambling, and sections of the boat had to be devoted to persons under 21 years of age and to Iowa arts and crafts. Riverboats were chosen over land-based casinos because it was thought they would provide the greatest economic stimulus for surrounding businesses.		[[Image:RiverboatGambling2.png\|left\|thumb\|250px\|]]RIVERBOAT GAMBLING. In March 1989 the Excursion Gambling Boat Act was passed by the Iowa Legislature. This law allowed limited, low-stakes casino gambling on Iowa's rivers and lakes beginning April 1, 1991. Iowa became the fourth state to adopt non-Indian, commercial casino gambling preceded by Nevada (1931), New Jersey (1976), and South Dakota (1988) and the first state to introduce riverboat gambling. While the legislation was promoted as economic development, the regulatory nature of the legislation was designed to maintain the wholesome image of Iowa. There was a $5 minimum wager and a $200 loss limit per excursion. Only 30% of the boat's square footage could be devoted to the casino, sailing was mandated rather than dockside gambling, and sections of the boat had to be devoted to persons under 21 years of age and to Iowa arts and crafts. Riverboats were chosen over land-based casinos because it was thought they would provide the greatest economic stimulus for surrounding businesses.

	Dubuque interests were quick to capitalize on the new legislation. In 1990 The [[DUBUQUE RACING ASSOCIATION]] was first applicant approved to operate a river gambling boat in the state of Iowa. [[KEHL, Robert\|Robert KEHL]] had the [[DUBUQUE CASINO BELLE]] constructed and quickly moved to the [[ICE HARBOR]]. The Dubuque Casino Belle made her maiden voyage on April 1st 1991. From April 1, 1991, to March 31, 1992, Dubuque Casino Belle Inc. sold single-price admission tickets to the riverboat that entitled a patron to: ~~(1)~~ admission to the boat; ~~(2) a~~ cruise on the [[MISSISSIPPI RIVER]] during cruising season; ~~(3)~~ admission to the gambling casinos on the boat if the patron was more than twenty-one years old; ~~(4)~~ a buffet meal; and ~~(5)~~ admission to any entertainment. Tickets were $39.95 for a dinner cruise and $29.95 for a lunch or brunch cruise. During 1990 season, more than 250,000 people cruised with Roberts River Rides.		Dubuque interests were quick to capitalize on the new legislation. In 1990 The [[DUBUQUE RACING ASSOCIATION]] was first applicant approved to operate a river gambling boat in the state of Iowa. [[KEHL, Robert\|Robert KEHL]] had the [[DUBUQUE CASINO BELLE]] constructed and quickly moved to the [[ICE HARBOR]]. The Dubuque Casino Belle made her maiden voyage on April 1st 1991. From April 1, 1991, to March 31, 1992, Dubuque Casino Belle Inc. sold single-price admission tickets to the riverboat that entitled a patron to:
			a. admission to the boat;
			b. cruise on the [[MISSISSIPPI RIVER]] during cruising season;
			c. admission to the gambling casinos on the boat if the patron was
			more than twenty-one years old;
			d. a buffet meal; and
			e. admission to any entertainment.
			Tickets were $39.95 for a dinner cruise and $29.95 for a lunch or brunch cruise. During 1990 season, more than 250,000 people cruised with Roberts River Rides.

	In the first year of riverboat operation, the Dubuque Racing Association prepaid, in its entirety, Ice Harbor improvement financing in excess of $4 million. (1) This resulted in the DRA remaining Iowa’s only nonprofit, debt-free pari-mutuel and riverboat licensee.		In the first year of riverboat operation, the Dubuque Racing Association prepaid, in its entirety, Ice Harbor improvement financing in excess of $4 million. (1) This resulted in the DRA remaining Iowa’s only nonprofit, debt-free pari-mutuel and riverboat licensee.

Randylyon at 02:06, 24 July 2017

2017-07-24T02:06:41Z

← Older revision		Revision as of 02:06, 24 July 2017
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	[[Image:RiverboatGambling.jpg\|left\|thumb\|250px\|Image courtesy: Mike Day. Kendall C. Day family collection.]]		[[Image:RiverboatGambling.jpg\|left\|thumb\|250px\|Image courtesy: Mike Day. Kendall C. Day family collection.]]
	[Image:RiverboatGambling2.png\|left\|thumb\|250px\|]]RIVERBOAT GAMBLING. In March 1989 the Excursion Gambling Boat Act was passed by the Iowa Legislature. This law allowed limited, low-stakes casino gambling on Iowa's rivers and lakes beginning April 1, 1991. Iowa became the fourth state to adopt non-Indian, commercial casino gambling preceded by Nevada (1931), New Jersey (1976), and South Dakota (1988) and the first state to introduce riverboat gambling. While the legislation was promoted as economic development, the regulatory nature of the legislation was designed to maintain the wholesome image of Iowa. There was a $5 minimum wager and a $200 loss limit per excursion. Only 30% of the boat's square footage could be devoted to the casino, sailing was mandated rather than dockside gambling, and sections of the boat had to be devoted to persons under 21 years of age and to Iowa arts and crafts. Riverboats were chosen over land-based casinos because it was thought they would provide the greatest economic stimulus for surrounding businesses.		[[Image:RiverboatGambling2.png\|left\|thumb\|250px\|]]RIVERBOAT GAMBLING. In March 1989 the Excursion Gambling Boat Act was passed by the Iowa Legislature. This law allowed limited, low-stakes casino gambling on Iowa's rivers and lakes beginning April 1, 1991. Iowa became the fourth state to adopt non-Indian, commercial casino gambling preceded by Nevada (1931), New Jersey (1976), and South Dakota (1988) and the first state to introduce riverboat gambling. While the legislation was promoted as economic development, the regulatory nature of the legislation was designed to maintain the wholesome image of Iowa. There was a $5 minimum wager and a $200 loss limit per excursion. Only 30% of the boat's square footage could be devoted to the casino, sailing was mandated rather than dockside gambling, and sections of the boat had to be devoted to persons under 21 years of age and to Iowa arts and crafts. Riverboats were chosen over land-based casinos because it was thought they would provide the greatest economic stimulus for surrounding businesses.

	Dubuque interests were quick to capitalize on the new legislation. In 1990 The [[DUBUQUE RACING ASSOCIATION]] was first applicant approved to operate a river gambling boat in the state of Iowa. [[KEHL, Robert\|Robert KEHL]] had the [[DUBUQUE CASINO BELLE]] constructed and quickly moved to the [[ICE HARBOR]]. The Dubuque Casino Belle made her maiden voyage on April 1st 1991. From April 1, 1991, to March 31, 1992, Dubuque Casino Belle Inc. sold single-price admission tickets to the riverboat that entitled a patron to: (1) admission to the boat; (2) a cruise on the [[MISSISSIPPI RIVER]] during cruising season; (3) admission to the gambling casinos on the boat if the patron was more than twenty-one years old; (4) a buffet meal; and (5) admission to any entertainment. Tickets were $39.95 for a dinner cruise and $29.95 for a lunch or brunch cruise. During 1990 season, more than 250,000 people cruised with Roberts River Rides.		Dubuque interests were quick to capitalize on the new legislation. In 1990 The [[DUBUQUE RACING ASSOCIATION]] was first applicant approved to operate a river gambling boat in the state of Iowa. [[KEHL, Robert\|Robert KEHL]] had the [[DUBUQUE CASINO BELLE]] constructed and quickly moved to the [[ICE HARBOR]]. The Dubuque Casino Belle made her maiden voyage on April 1st 1991. From April 1, 1991, to March 31, 1992, Dubuque Casino Belle Inc. sold single-price admission tickets to the riverboat that entitled a patron to: (1) admission to the boat; (2) a cruise on the [[MISSISSIPPI RIVER]] during cruising season; (3) admission to the gambling casinos on the boat if the patron was more than twenty-one years old; (4) a buffet meal; and (5) admission to any entertainment. Tickets were $39.95 for a dinner cruise and $29.95 for a lunch or brunch cruise. During 1990 season, more than 250,000 people cruised with Roberts River Rides.

Randylyon at 02:06, 24 July 2017

2017-07-24T02:06:18Z

← Older revision		Revision as of 02:06, 24 July 2017
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	[[Image:RiverboatGambling.jpg\|left\|thumb\|~~150px~~\|Image courtesy: Mike Day. Kendall C. Day family collection.]]RIVERBOAT GAMBLING. In March 1989 the Excursion Gambling Boat Act was passed by the Iowa Legislature. This law allowed limited, low-stakes casino gambling on Iowa's rivers and lakes beginning April 1, 1991. Iowa became the fourth state to adopt non-Indian, commercial casino gambling preceded by Nevada (1931), New Jersey (1976), and South Dakota (1988) and the first state to introduce riverboat gambling. While the legislation was promoted as economic development, the regulatory nature of the legislation was designed to maintain the wholesome image of Iowa. There was a $5 minimum wager and a $200 loss limit per excursion. Only 30% of the boat's square footage could be devoted to the casino, sailing was mandated rather than dockside gambling, and sections of the boat had to be devoted to persons under 21 years of age and to Iowa arts and crafts. Riverboats were chosen over land-based casinos because it was thought they would provide the greatest economic stimulus for surrounding businesses.		[[Image:RiverboatGambling.jpg\|left\|thumb\|250px\|Image courtesy: Mike Day. Kendall C. Day family collection.]]
			[Image:RiverboatGambling2.png\|left\|thumb\|250px\|]]RIVERBOAT GAMBLING. In March 1989 the Excursion Gambling Boat Act was passed by the Iowa Legislature. This law allowed limited, low-stakes casino gambling on Iowa's rivers and lakes beginning April 1, 1991. Iowa became the fourth state to adopt non-Indian, commercial casino gambling preceded by Nevada (1931), New Jersey (1976), and South Dakota (1988) and the first state to introduce riverboat gambling. While the legislation was promoted as economic development, the regulatory nature of the legislation was designed to maintain the wholesome image of Iowa. There was a $5 minimum wager and a $200 loss limit per excursion. Only 30% of the boat's square footage could be devoted to the casino, sailing was mandated rather than dockside gambling, and sections of the boat had to be devoted to persons under 21 years of age and to Iowa arts and crafts. Riverboats were chosen over land-based casinos because it was thought they would provide the greatest economic stimulus for surrounding businesses.

	Dubuque interests were quick to capitalize on the new legislation. In 1990 The [[DUBUQUE RACING ASSOCIATION]] was first applicant approved to operate a river gambling boat in the state of Iowa. [[KEHL, Robert\|Robert KEHL]] had the [[DUBUQUE CASINO BELLE]] constructed and quickly moved to the [[ICE HARBOR]]. The Dubuque Casino Belle made her maiden voyage on April 1st 1991. From April 1, 1991, to March 31, 1992, Dubuque Casino Belle Inc. sold single-price admission tickets to the riverboat that entitled a patron to: (1) admission to the boat; (2) a cruise on the [[MISSISSIPPI RIVER]] during cruising season; (3) admission to the gambling casinos on the boat if the patron was more than twenty-one years old; (4) a buffet meal; and (5) admission to any entertainment. Tickets were $39.95 for a dinner cruise and $29.95 for a lunch or brunch cruise. During 1990 season, more than 250,000 people cruised with Roberts River Rides.		Dubuque interests were quick to capitalize on the new legislation. In 1990 The [[DUBUQUE RACING ASSOCIATION]] was first applicant approved to operate a river gambling boat in the state of Iowa. [[KEHL, Robert\|Robert KEHL]] had the [[DUBUQUE CASINO BELLE]] constructed and quickly moved to the [[ICE HARBOR]]. The Dubuque Casino Belle made her maiden voyage on April 1st 1991. From April 1, 1991, to March 31, 1992, Dubuque Casino Belle Inc. sold single-price admission tickets to the riverboat that entitled a patron to: (1) admission to the boat; (2) a cruise on the [[MISSISSIPPI RIVER]] during cruising season; (3) admission to the gambling casinos on the boat if the patron was more than twenty-one years old; (4) a buffet meal; and (5) admission to any entertainment. Tickets were $39.95 for a dinner cruise and $29.95 for a lunch or brunch cruise. During 1990 season, more than 250,000 people cruised with Roberts River Rides.

Randylyon at 20:17, 3 July 2016

2016-07-03T20:17:39Z

← Older revision		Revision as of 20:17, 3 July 2016
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	In late June, 1994 the Iowa Racing and Gaming Commission rejected a contract between the boat and Riverboat Management Company, the organization originally formed by Zwack, Alfredo and Schegan to manage the boat for the passive investors. The contract had never been brought to the commission and Riverboat Management had never been licensed. The commission then approved a plan to have the Dubuque Racing Association manage the Dubuque Diamond Jo Casino and rejected options contracts unless or until Alfredo and Schegan were found suitable for licensing. Zwack, who wanted to return to his private law practice, was replaced by the racing association management team. (34)		In late June, 1994 the Iowa Racing and Gaming Commission rejected a contract between the boat and Riverboat Management Company, the organization originally formed by Zwack, Alfredo and Schegan to manage the boat for the passive investors. The contract had never been brought to the commission and Riverboat Management had never been licensed. The commission then approved a plan to have the Dubuque Racing Association manage the Dubuque Diamond Jo Casino and rejected options contracts unless or until Alfredo and Schegan were found suitable for licensing. Zwack, who wanted to return to his private law practice, was replaced by the racing association management team. (34)

	On June 28th it was announced that Schegan was suitable for licensing for the limited purpose of transferring five units of stock to a licensed entity within 90 days. The commission unanimously ruled that Alfredo had not demonstrated suitablity for licensure or for control of option interests. The commission, however, stated that it did not have the power to determine any legal rights that Alfredo might have or whether the options were in compliance with the riverboat company's operating agreement. If ~~the~~ court ~~rules~~ that Alfredo did have control of any ownership while the Diamond Jo was licensed, the company would be in violation of Iowa law. The commission would then open a license revocation hearing. (35)		On June 28th it was announced that Schegan was suitable for licensing for the limited purpose of transferring five units of stock to a licensed entity within 90 days. The commission unanimously ruled that Alfredo had not demonstrated suitablity for licensure or for control of option interests. The commission, however, stated that it did not have the power to determine any legal rights that Alfredo might have or whether the options were in compliance with the riverboat company's operating agreement. If a court ruled that Alfredo did have control of any ownership while the Diamond Jo was licensed, the company would be in violation of Iowa law. The commission would then open a license revocation hearing. (35)

			With less than a week on the job, Bruce Wentworth, the racing association' general manager announced hospitality training and alcohol awareness training for employees had been arranged along with an internal audit of strengths and weaknesses of the boat's operation. (36)

	In early October 1995, GDREC replaced the original Diamond Jo with a larger 1,500-passenger, 305-foot vessel, which was placed in operation at Dubuque’s Ice Harbor.		In early October 1995, GDREC replaced the original Diamond Jo with a larger 1,500-passenger, 305-foot vessel, which was placed in operation at Dubuque’s Ice Harbor.
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	35. Bergstrom, Kathy. "Gaming Panel Approves Schegan," ''Telegraph Herald'', June 28, 1994, p. 1		35. Bergstrom, Kathy. "Gaming Panel Approves Schegan," ''Telegraph Herald'', June 28, 1994, p. 1

			36. Bergstrom, Kathy. " 'Keep the Operation Viable,' " ''Telegraph Herald'', June 29, 1994, p. 1

Randylyon at 20:00, 3 July 2016

2016-07-03T20:00:48Z

← Older revision		Revision as of 20:00, 3 July 2016
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	Despite the poor performance and then closing of three of Iowa's riverboats, legislation to relax gambling regulation repeatedly failed. Riverboat gambling according to many had been successful in promoting tourism and was never intended to become an industry. Despite setbacks, pressure continued from riverboat owners to lift betting/loss limits and space restrictions. These people were joined by parimutuel racetrack owners who wanted slot machines and even Iowans who favored less restriction. Concerns about the effects of gambling eventually led the Iowa House to only approve the new legislation by a 51-49 vote. Before gambling laws could be eased, local approval was required in counties where riverboats and racetracks were operated.		Despite the poor performance and then closing of three of Iowa's riverboats, legislation to relax gambling regulation repeatedly failed. Riverboat gambling according to many had been successful in promoting tourism and was never intended to become an industry. Despite setbacks, pressure continued from riverboat owners to lift betting/loss limits and space restrictions. These people were joined by parimutuel racetrack owners who wanted slot machines and even Iowans who favored less restriction. Concerns about the effects of gambling eventually led the Iowa House to only approve the new legislation by a 51-49 vote. Before gambling laws could be eased, local approval was required in counties where riverboats and racetracks were operated.

	In May 1994 Dubuque County residents had to vote on two important local issues. Voters were to decide whether they wanted riverboat gambling without betting limits and if they wanted slot machines at Dubuque Greyhound Park. The Committee to Save Jobs in Dubuque County estimated that it would spend $90,000 on supporting the measures by the time of the election. (25) The election resulted in passage of both measures. Gambling without betting limits passed unofficially by 80% with slot machines at the track passing by 74%. (26)		In May 1994 Dubuque County residents had to vote on two important local issues. Voters were to decide whether they wanted riverboat gambling without betting limits and if they wanted slot machines at Dubuque Greyhound Park. The Committee to Save Jobs in Dubuque County estimated that it would spend $90,000 on supporting the measures by the time of the election. (25) The election resulted in passage of both measures. Gambling without betting limits passed unofficially by 80% with slot machines at the track passing by 74%. (26) The 'Save Job' campaign later reported that it had spent nearly $129,000. (27)

	The new law passed by the Iowa Legislature gave passengers more time to gamble but less time to cruise the river. The law reduced the number of cruises to a minimum of 100 annually with each at least two hours. The Diamond Jo would be open 9:00 a.m. to 1:00 a.m. Monday through Friday with permission to remain open until 4:00 a.m. The boat would operate twenty-four hours daily on Saturday and Sunday. (27)		The new law passed by the Iowa Legislature gave passengers more time to gamble but less time to cruise the river. The law reduced the number of cruises to a minimum of 100 annually with each at least two hours. The Diamond Jo would be open 9:00 a.m. to 1:00 a.m. Monday through Friday with permission to remain open until 4:00 a.m. The boat would operate twenty-four hours daily on Saturday and Sunday. (28)

	Refurbished for a capacity of 700 people, the "Diamond Jo" became operational May 18, 1994. Just days later, the GDREC operators were facing a threat to their license and what they called a hostile takeover bid by a Las Vegas company. Two former owners claimed they had the right to sell their shares to United Gaming Inc., of Las Vegas. A lawyer for the company claimed the two men could sue GDREC if they were not allowed to make the sale. The Iowa Racing and Gaming Commission asked GDREC and its manager, Joe Zwack, to appear at a June 21st meeting to show why the license for the boat should not be revoked or suspended citing twelve apparent violations of the law including failure to disclose ownership transfers and misleading the commission about completion of the boat. (28)		Refurbished for a capacity of 700 people, the "Diamond Jo" became operational May 18, 1994. Just days later, the GDREC operators were facing a threat to their license and what they called a hostile takeover bid by a Las Vegas company. Two former owners claimed they had the right to sell their shares to United Gaming Inc., of Las Vegas. A lawyer for the company claimed the two men could sue GDREC if they were not allowed to make the sale. The Iowa Racing and Gaming Commission asked GDREC and its manager, Joe Zwack, to appear at a June 21st meeting to show why the license for the boat should not be revoked or suspended citing twelve apparent violations of the law including failure to disclose ownership transfers and misleading the commission about completion of the boat. (29)

	All of the investors of GDREC were invited to a reception hosted by United Gaming on June 1, 1994. The company proposed investing $28 million in GDREC which included acquiring 80.1% of its shares. United Games claimed to have the option of purchasing 16 shares from individual shareholders and 37 shares former owners Bill Alfredo and John Schegan claimed to have options. ~~GDREC claimed~~ Alfredo and Schegan disputed Alfredo and Schegan controlling these shares because they were not licensed by the Iowa Racing and Gaming Commission. Some investors picketed the reception and carried signs like "No U-Games 4 Dubuque." (29) The charm offensive quickly turned as on June 3, 1994 United Games sued GDREC and Zwack claiming mismanagement. (30) In reaction, thirty-seven "passive" investors each paid $31 to be included in a half-page advertisement in the ''Telegraph Herald'' opposing the Las Vegas company. The advertisement asked citizens to write the Iowa Racing and Gaming Commission about their support of the local operation. (31)		All of the investors of GDREC were invited to a reception hosted by United Gaming on June 1, 1994. The company proposed investing $28 million in GDREC which included acquiring 80.1% of its shares. United Games claimed to have the option of purchasing 16 shares from individual shareholders and 37 shares on which former owners Bill Alfredo and John Schegan claimed to have options. In June of 1993, Zwack had given Alfredo an option to purchase ten shares and Alfredo later transferred seven of those to Schegan. None of the agreements were submitted to the Iowa Racing and Gaming Commission for approval. GDREC disputed Alfredo and Schegan controlling these shares because they were not licensed by the Iowa Racing and Gaming Commission. Some investors picketed the reception and carried signs like "No U-Games 4 Dubuque." (30) The charm offensive quickly turned as on June 3, 1994 United Games sued GDREC and Zwack claiming mismanagement. (31) In reaction, thirty-seven "passive" investors each paid $31 to be included in a half-page advertisement in the ''Telegraph Herald'' opposing the Las Vegas company. The advertisement asked citizens to write the Iowa Racing and Gaming Commission about their support of the local operation. (32) On June 5, 1994 United Games announced it was claiming two-thirds ownership of Riverboat Management Company formed by the original three investors in the company that operated the Dubuque Diamond Jo Casino. (33)

			In late June, 1994 the Iowa Racing and Gaming Commission rejected a contract between the boat and Riverboat Management Company, the organization originally formed by Zwack, Alfredo and Schegan to manage the boat for the passive investors. The contract had never been brought to the commission and Riverboat Management had never been licensed. The commission then approved a plan to have the Dubuque Racing Association manage the Dubuque Diamond Jo Casino and rejected options contracts unless or until Alfredo and Schegan were found suitable for licensing. Zwack, who wanted to return to his private law practice, was replaced by the racing association management team. (34)

			On June 28th it was announced that Schegan was suitable for licensing for the limited purpose of transferring five units of stock to a licensed entity within 90 days. The commission unanimously ruled that Alfredo had not demonstrated suitablity for licensure or for control of option interests. The commission, however, stated that it did not have the power to determine any legal rights that Alfredo might have or whether the options were in compliance with the riverboat company's operating agreement. If the court rules that Alfredo did have control of any ownership while the Diamond Jo was licensed, the company would be in violation of Iowa law. The commission would then open a license revocation hearing. (35)

	In early October 1995, GDREC replaced the original Diamond Jo with a larger 1,500-passenger, 305-foot vessel, which was placed in operation at Dubuque’s Ice Harbor.		In early October 1995, GDREC replaced the original Diamond Jo with a larger 1,500-passenger, 305-foot vessel, which was placed in operation at Dubuque’s Ice Harbor.
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	26. Bergstrom, Kathy. "Yes/Yes," ''Telegraph Herald'', May 18, 1994, p. 1		26. Bergstrom, Kathy. "Yes/Yes," ''Telegraph Herald'', May 18, 1994, p. 1

	27. Bergstrom, Kathy, "Less on River, More at Dock," ''Telegraph Herald'', May 20, 1994, p. 1		27. Bergstrom, Kathy. " 'Save Jobs' Campaign Costs $129,000," ''Telegraph Herald'', June 7, 1994, p. 3A

			28. Bergstrom, Kathy, "Less on River, More at Dock," ''Telegraph Herald'', May 20, 1994, p. 1

			29. Bergstrom, Kathy. "Diamond Jo License in Jeopardy," ''Telegraph Herald'', May 27, 1994, p. 1

			30. Bergstrom, Kathy. "United Makes Pitch for Shares," ''Telegraph Herald'', June 1, 1994, p. 1

			31. Bergstrom, Kathy. "Vegas Firm Sues Diamond Jo," ''Telegraph Herald'', June 3, 1994, p. 1

	28. Bergstrom, Kathy. "~~Diamond Jo License in Jeopardy~~," ''Telegraph Herald'', ~~May 27~~, 1994, p. 1		32. Bergstrom, Kathy. "Investors Counter Boat Bid," ''Telegraph Herald'', June 4, 1994, p. 1

	29. Bergstrom, Kathy. "~~United Makes Pitch for Shares~~," ''Telegraph Herald'', June 1, 1994, p. 1		33. Bergstrom, Kathy. "Vegas Firm Claims Part Ownership of Group," ''Telegraph Herald'', June 5, 1994, p. 3A

	30. Bergstrom, Kathy. "~~Vegas Firm Sues~~ Diamond Jo," ''Telegraph Herald'', June 3, 1994, p. 1		34. Bergstrom, Kathy. "Diamond Jo Management OK'd," ''Telegraph Herald,'' June 21, 1994, p. 1

	31. Bergstrom, Kathy. "~~Investors Counter Boat Bid~~," ''Telegraph Herald'', June 4, 1994, p. 1		35. Bergstrom, Kathy. "Gaming Panel Approves Schegan," ''Telegraph Herald'', June 28, 1994, p. 1

Randylyon at 00:19, 3 July 2016

2016-07-03T00:19:10Z

← Older revision		Revision as of 00:19, 3 July 2016
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	Refurbished for a capacity of 700 people, the "Diamond Jo" became operational May 18, 1994. Just days later, the GDREC operators were facing a threat to their license and what they called a hostile takeover bid by a Las Vegas company. Two former owners claimed they had the right to sell their shares to United Gaming Inc., of Las Vegas. A lawyer for the company claimed the two men could sue GDREC if they were not allowed to make the sale. The Iowa Racing and Gaming Commission asked GDREC and its manager, Joe Zwack, to appear at a June 21st meeting to show why the license for the boat should not be revoked or suspended citing twelve apparent violations of the law including failure to disclose ownership transfers and misleading the commission about completion of the boat. (28)		Refurbished for a capacity of 700 people, the "Diamond Jo" became operational May 18, 1994. Just days later, the GDREC operators were facing a threat to their license and what they called a hostile takeover bid by a Las Vegas company. Two former owners claimed they had the right to sell their shares to United Gaming Inc., of Las Vegas. A lawyer for the company claimed the two men could sue GDREC if they were not allowed to make the sale. The Iowa Racing and Gaming Commission asked GDREC and its manager, Joe Zwack, to appear at a June 21st meeting to show why the license for the boat should not be revoked or suspended citing twelve apparent violations of the law including failure to disclose ownership transfers and misleading the commission about completion of the boat. (28)

	All of the investors of GDREC were invited to a reception hosted by United Gaming on June 1, 1994. The company proposed investing $28 million in GDREC which included acquiring 80.1% of its shares. United Games claimed to have the option of purchasing 16 shares from individual shareholders and 37 shares former owners Bill Alfredo and John Schegan ~~calimed~~ to have options on. GDREC claimed Alfredo and Schegan disputed Alfredo and Schegan controlling these shares because they were not licensed by the Iowa Racing and Gaming Commission. Some investors picketed the reception and carried signs like "No U-Games 4 Dubuque." (29) The charm offensive quickly turned as on June 3, 1994 United Games sued GDREC and Zwack claiming mismanagement. (30)		All of the investors of GDREC were invited to a reception hosted by United Gaming on June 1, 1994. The company proposed investing $28 million in GDREC which included acquiring 80.1% of its shares. United Games claimed to have the option of purchasing 16 shares from individual shareholders and 37 shares former owners Bill Alfredo and John Schegan claimed to have options. GDREC claimed Alfredo and Schegan disputed Alfredo and Schegan controlling these shares because they were not licensed by the Iowa Racing and Gaming Commission. Some investors picketed the reception and carried signs like "No U-Games 4 Dubuque." (29) The charm offensive quickly turned as on June 3, 1994 United Games sued GDREC and Zwack claiming mismanagement. (30) In reaction, thirty-seven "passive" investors each paid $31 to be included in a half-page advertisement in the ''Telegraph Herald'' opposing the Las Vegas company. The advertisement asked citizens to write the Iowa Racing and Gaming Commission about their support of the local operation. (31)

	In early October 1995, GDREC replaced the original Diamond Jo with a larger 1,500-passenger, 305-foot vessel, which was placed in operation at Dubuque’s Ice Harbor.		In early October 1995, GDREC replaced the original Diamond Jo with a larger 1,500-passenger, 305-foot vessel, which was placed in operation at Dubuque’s Ice Harbor.
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	30. Bergstrom, Kathy. "Vegas Firm Sues Diamond Jo," ''Telegraph Herald'', June 3, 1994, p. 1		30. Bergstrom, Kathy. "Vegas Firm Sues Diamond Jo," ''Telegraph Herald'', June 3, 1994, p. 1

			31. Bergstrom, Kathy. "Investors Counter Boat Bid," ''Telegraph Herald'', June 4, 1994, p. 1

Randylyon at 00:00, 3 July 2016

2016-07-03T00:00:24Z

← Older revision		Revision as of 00:00, 3 July 2016
Line 47:		Line 47:
	Refurbished for a capacity of 700 people, the "Diamond Jo" became operational May 18, 1994. Just days later, the GDREC operators were facing a threat to their license and what they called a hostile takeover bid by a Las Vegas company. Two former owners claimed they had the right to sell their shares to United Gaming Inc., of Las Vegas. A lawyer for the company claimed the two men could sue GDREC if they were not allowed to make the sale. The Iowa Racing and Gaming Commission asked GDREC and its manager, Joe Zwack, to appear at a June 21st meeting to show why the license for the boat should not be revoked or suspended citing twelve apparent violations of the law including failure to disclose ownership transfers and misleading the commission about completion of the boat. (28)		Refurbished for a capacity of 700 people, the "Diamond Jo" became operational May 18, 1994. Just days later, the GDREC operators were facing a threat to their license and what they called a hostile takeover bid by a Las Vegas company. Two former owners claimed they had the right to sell their shares to United Gaming Inc., of Las Vegas. A lawyer for the company claimed the two men could sue GDREC if they were not allowed to make the sale. The Iowa Racing and Gaming Commission asked GDREC and its manager, Joe Zwack, to appear at a June 21st meeting to show why the license for the boat should not be revoked or suspended citing twelve apparent violations of the law including failure to disclose ownership transfers and misleading the commission about completion of the boat. (28)

	All of the investors of GDREC were invited to a reception hosted by United Gaming on June 1, 1994. The company proposed investing $28 million in GDREC which included acquiring 80.1% of its shares. United Games claimed to have the option of purchasing 16 shares from individual shareholders and 37 shares former owners Bill Alfredo and John Schegan calimed to have options on. GDREC claimed Alfredo and Schegan disputed Alfredo and Schegan controlling these shares because they were not licensed by the Iowa Racing and Gaming Commission. Some investors picketed the reception and carried signs like "No U-Games 4 Dubuque." (29)		All of the investors of GDREC were invited to a reception hosted by United Gaming on June 1, 1994. The company proposed investing $28 million in GDREC which included acquiring 80.1% of its shares. United Games claimed to have the option of purchasing 16 shares from individual shareholders and 37 shares former owners Bill Alfredo and John Schegan calimed to have options on. GDREC claimed Alfredo and Schegan disputed Alfredo and Schegan controlling these shares because they were not licensed by the Iowa Racing and Gaming Commission. Some investors picketed the reception and carried signs like "No U-Games 4 Dubuque." (29) The charm offensive quickly turned as on June 3, 1994 United Games sued GDREC and Zwack claiming mismanagement. (30)

	In early October 1995, GDREC replaced the original Diamond Jo with a larger 1,500-passenger, 305-foot vessel, which was placed in operation at Dubuque’s Ice Harbor.		In early October 1995, GDREC replaced the original Diamond Jo with a larger 1,500-passenger, 305-foot vessel, which was placed in operation at Dubuque’s Ice Harbor.
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	29. Bergstrom, Kathy. "United Makes Pitch for Shares," ''Telegraph Herald'', June 1, 1994, p. 1		29. Bergstrom, Kathy. "United Makes Pitch for Shares," ''Telegraph Herald'', June 1, 1994, p. 1

			30. Bergstrom, Kathy. "Vegas Firm Sues Diamond Jo," ''Telegraph Herald'', June 3, 1994, p. 1

Randylyon at 20:57, 2 July 2016

2016-07-02T20:57:56Z

← Older revision		Revision as of 20:57, 2 July 2016
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	Refurbished for a capacity of 700 people, the "Diamond Jo" became operational May 18, 1994. Just days later, the GDREC operators were facing a threat to their license and what they called a hostile takeover bid by a Las Vegas company. Two former owners claimed they had the right to sell their shares to United Gaming Inc., of Las Vegas. A lawyer for the company claimed the two men could sue GDREC if they were not allowed to make the sale. The Iowa Racing and Gaming Commission asked GDREC and its manager, Joe Zwack, to appear at a June 21st meeting to show why the license for the boat should not be revoked or suspended citing twelve apparent violations of the law including failure to disclose ownership transfers and misleading the commission about completion of the boat. (28)		Refurbished for a capacity of 700 people, the "Diamond Jo" became operational May 18, 1994. Just days later, the GDREC operators were facing a threat to their license and what they called a hostile takeover bid by a Las Vegas company. Two former owners claimed they had the right to sell their shares to United Gaming Inc., of Las Vegas. A lawyer for the company claimed the two men could sue GDREC if they were not allowed to make the sale. The Iowa Racing and Gaming Commission asked GDREC and its manager, Joe Zwack, to appear at a June 21st meeting to show why the license for the boat should not be revoked or suspended citing twelve apparent violations of the law including failure to disclose ownership transfers and misleading the commission about completion of the boat. (28)

	All of the investors of GDREC were invited to a reception hosted by United Gaming on ~~May 31~~, 1994. The company proposed investing $28 million in GDREC which included acquiring 80.1% of its shares. United Games claimed to have the option of purchasing 16 shares from individual shareholders and 37 shares former owners Bill Alfredo and John Schegan calimed to have options on. GDREC claimed Alfredo and Schegan disputed Alfredo and Schegan controlling these shares because they were not licensed by the Iowa Racing and Gaming Commission. Some investors picketed the reception and carried signs like "No U-Games 4 Dubuque." (29)		All of the investors of GDREC were invited to a reception hosted by United Gaming on June 1, 1994. The company proposed investing $28 million in GDREC which included acquiring 80.1% of its shares. United Games claimed to have the option of purchasing 16 shares from individual shareholders and 37 shares former owners Bill Alfredo and John Schegan calimed to have options on. GDREC claimed Alfredo and Schegan disputed Alfredo and Schegan controlling these shares because they were not licensed by the Iowa Racing and Gaming Commission. Some investors picketed the reception and carried signs like "No U-Games 4 Dubuque." (29)

	In early October 1995, GDREC replaced the original Diamond Jo with a larger 1,500-passenger, 305-foot vessel, which was placed in operation at Dubuque’s Ice Harbor.		In early October 1995, GDREC replaced the original Diamond Jo with a larger 1,500-passenger, 305-foot vessel, which was placed in operation at Dubuque’s Ice Harbor.

Randylyon at 20:56, 2 July 2016

2016-07-02T20:56:34Z

← Older revision		Revision as of 20:56, 2 July 2016
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	Refurbished for a capacity of 700 people, the "Diamond Jo" became operational May 18, 1994. Just days later, the GDREC operators were facing a threat to their license and what they called a hostile takeover bid by a Las Vegas company. Two former owners claimed they had the right to sell their shares to United Gaming Inc., of Las Vegas. A lawyer for the company claimed the two men could sue GDREC if they were not allowed to make the sale. The Iowa Racing and Gaming Commission asked GDREC and its manager, Joe Zwack, to appear at a June 21st meeting to show why the license for the boat should not be revoked or suspended citing twelve apparent violations of the law including failure to disclose ownership transfers and misleading the commission about completion of the boat. (28)		Refurbished for a capacity of 700 people, the "Diamond Jo" became operational May 18, 1994. Just days later, the GDREC operators were facing a threat to their license and what they called a hostile takeover bid by a Las Vegas company. Two former owners claimed they had the right to sell their shares to United Gaming Inc., of Las Vegas. A lawyer for the company claimed the two men could sue GDREC if they were not allowed to make the sale. The Iowa Racing and Gaming Commission asked GDREC and its manager, Joe Zwack, to appear at a June 21st meeting to show why the license for the boat should not be revoked or suspended citing twelve apparent violations of the law including failure to disclose ownership transfers and misleading the commission about completion of the boat. (28)

			All of the investors of GDREC were invited to a reception hosted by United Gaming on May 31, 1994. The company proposed investing $28 million in GDREC which included acquiring 80.1% of its shares. United Games claimed to have the option of purchasing 16 shares from individual shareholders and 37 shares former owners Bill Alfredo and John Schegan calimed to have options on. GDREC claimed Alfredo and Schegan disputed Alfredo and Schegan controlling these shares because they were not licensed by the Iowa Racing and Gaming Commission. Some investors picketed the reception and carried signs like "No U-Games 4 Dubuque." (29)

	In early October 1995, GDREC replaced the original Diamond Jo with a larger 1,500-passenger, 305-foot vessel, which was placed in operation at Dubuque’s Ice Harbor.		In early October 1995, GDREC replaced the original Diamond Jo with a larger 1,500-passenger, 305-foot vessel, which was placed in operation at Dubuque’s Ice Harbor.
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	28. Bergstrom, Kathy. "Diamond Jo License in Jeopardy," ''Telegraph Herald'', May 27, 1994, p. 1		28. Bergstrom, Kathy. "Diamond Jo License in Jeopardy," ''Telegraph Herald'', May 27, 1994, p. 1

			29. Bergstrom, Kathy. "United Makes Pitch for Shares," ''Telegraph Herald'', June 1, 1994, p. 1

Randylyon at 00:58, 1 July 2016

2016-07-01T00:58:03Z

← Older revision		Revision as of 00:58, 1 July 2016
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	The new law passed by the Iowa Legislature gave passengers more time to gamble but less time to cruise the river. The law reduced the number of cruises to a minimum of 100 annually with each at least two hours. The Diamond Jo would be open 9:00 a.m. to 1:00 a.m. Monday through Friday with permission to remain open until 4:00 a.m. The boat would operate twenty-four hours daily on Saturday and Sunday. (27)		The new law passed by the Iowa Legislature gave passengers more time to gamble but less time to cruise the river. The law reduced the number of cruises to a minimum of 100 annually with each at least two hours. The Diamond Jo would be open 9:00 a.m. to 1:00 a.m. Monday through Friday with permission to remain open until 4:00 a.m. The boat would operate twenty-four hours daily on Saturday and Sunday. (27)

	Refurbished for a capacity of 700 people, the "Diamond Jo" became operational May 18, 1994. In early October 1995, GDREC replaced the original Diamond Jo with a larger 1,500-passenger, 305-foot vessel, which was placed in operation at Dubuque’s Ice Harbor.		Refurbished for a capacity of 700 people, the "Diamond Jo" became operational May 18, 1994. Just days later, the GDREC operators were facing a threat to their license and what they called a hostile takeover bid by a Las Vegas company. Two former owners claimed they had the right to sell their shares to United Gaming Inc., of Las Vegas. A lawyer for the company claimed the two men could sue GDREC if they were not allowed to make the sale. The Iowa Racing and Gaming Commission asked GDREC and its manager, Joe Zwack, to appear at a June 21st meeting to show why the license for the boat should not be revoked or suspended citing twelve apparent violations of the law including failure to disclose ownership transfers and misleading the commission about completion of the boat. (28)


			In early October 1995, GDREC replaced the original Diamond Jo with a larger 1,500-passenger, 305-foot vessel, which was placed in operation at Dubuque’s Ice Harbor.

	In July 1999 Peninsula Gaming purchased the Diamond Jo Casino. Peninsula Gaming continued to operate the vessel.		In July 1999 Peninsula Gaming purchased the Diamond Jo Casino. Peninsula Gaming continued to operate the vessel.
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	27. Bergstrom, Kathy, "Less on River, More at Dock," ''Telegraph Herald'', May 20, 1994, p. 1		27. Bergstrom, Kathy, "Less on River, More at Dock," ''Telegraph Herald'', May 20, 1994, p. 1

			28. Bergstrom, Kathy. "Diamond Jo License in Jeopardy," ''Telegraph Herald'', May 27, 1994, p. 1

← Older revision		Revision as of 02:06, 24 July 2017
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	[[Image:RiverboatGambling.jpg\|left\|thumb\|250px\|Image courtesy: Mike Day. Kendall C. Day family collection.]]		[[Image:RiverboatGambling.jpg\|left\|thumb\|250px\|Image courtesy: Mike Day. Kendall C. Day family collection.]]
	[Image:RiverboatGambling2.png\|left\|thumb\|250px\|]]RIVERBOAT GAMBLING. In March 1989 the Excursion Gambling Boat Act was passed by the Iowa Legislature. This law allowed limited, low-stakes casino gambling on Iowa's rivers and lakes beginning April 1, 1991. Iowa became the fourth state to adopt non-Indian, commercial casino gambling preceded by Nevada (1931), New Jersey (1976), and South Dakota (1988) and the first state to introduce riverboat gambling. While the legislation was promoted as economic development, the regulatory nature of the legislation was designed to maintain the wholesome image of Iowa. There was a $5 minimum wager and a $200 loss limit per excursion. Only 30% of the boat's square footage could be devoted to the casino, sailing was mandated rather than dockside gambling, and sections of the boat had to be devoted to persons under 21 years of age and to Iowa arts and crafts. Riverboats were chosen over land-based casinos because it was thought they would provide the greatest economic stimulus for surrounding businesses.		[[Image:RiverboatGambling2.png\|left\|thumb\|250px\|]]RIVERBOAT GAMBLING. In March 1989 the Excursion Gambling Boat Act was passed by the Iowa Legislature. This law allowed limited, low-stakes casino gambling on Iowa's rivers and lakes beginning April 1, 1991. Iowa became the fourth state to adopt non-Indian, commercial casino gambling preceded by Nevada (1931), New Jersey (1976), and South Dakota (1988) and the first state to introduce riverboat gambling. While the legislation was promoted as economic development, the regulatory nature of the legislation was designed to maintain the wholesome image of Iowa. There was a $5 minimum wager and a $200 loss limit per excursion. Only 30% of the boat's square footage could be devoted to the casino, sailing was mandated rather than dockside gambling, and sections of the boat had to be devoted to persons under 21 years of age and to Iowa arts and crafts. Riverboats were chosen over land-based casinos because it was thought they would provide the greatest economic stimulus for surrounding businesses.

	Dubuque interests were quick to capitalize on the new legislation. In 1990 The [[DUBUQUE RACING ASSOCIATION]] was first applicant approved to operate a river gambling boat in the state of Iowa. [[KEHL, Robert\|Robert KEHL]] had the [[DUBUQUE CASINO BELLE]] constructed and quickly moved to the [[ICE HARBOR]]. The Dubuque Casino Belle made her maiden voyage on April 1st 1991. From April 1, 1991, to March 31, 1992, Dubuque Casino Belle Inc. sold single-price admission tickets to the riverboat that entitled a patron to: (1) admission to the boat; (2) a cruise on the [[MISSISSIPPI RIVER]] during cruising season; (3) admission to the gambling casinos on the boat if the patron was more than twenty-one years old; (4) a buffet meal; and (5) admission to any entertainment. Tickets were $39.95 for a dinner cruise and $29.95 for a lunch or brunch cruise. During 1990 season, more than 250,000 people cruised with Roberts River Rides.		Dubuque interests were quick to capitalize on the new legislation. In 1990 The [[DUBUQUE RACING ASSOCIATION]] was first applicant approved to operate a river gambling boat in the state of Iowa. [[KEHL, Robert\|Robert KEHL]] had the [[DUBUQUE CASINO BELLE]] constructed and quickly moved to the [[ICE HARBOR]]. The Dubuque Casino Belle made her maiden voyage on April 1st 1991. From April 1, 1991, to March 31, 1992, Dubuque Casino Belle Inc. sold single-price admission tickets to the riverboat that entitled a patron to: (1) admission to the boat; (2) a cruise on the [[MISSISSIPPI RIVER]] during cruising season; (3) admission to the gambling casinos on the boat if the patron was more than twenty-one years old; (4) a buffet meal; and (5) admission to any entertainment. Tickets were $39.95 for a dinner cruise and $29.95 for a lunch or brunch cruise. During 1990 season, more than 250,000 people cruised with Roberts River Rides.

← Older revision		Revision as of 02:06, 24 July 2017
Line 1:		Line 1:
	[[Image:RiverboatGambling.jpg\|left\|thumb\|~~150px~~\|Image courtesy: Mike Day. Kendall C. Day family collection.]]RIVERBOAT GAMBLING. In March 1989 the Excursion Gambling Boat Act was passed by the Iowa Legislature. This law allowed limited, low-stakes casino gambling on Iowa's rivers and lakes beginning April 1, 1991. Iowa became the fourth state to adopt non-Indian, commercial casino gambling preceded by Nevada (1931), New Jersey (1976), and South Dakota (1988) and the first state to introduce riverboat gambling. While the legislation was promoted as economic development, the regulatory nature of the legislation was designed to maintain the wholesome image of Iowa. There was a $5 minimum wager and a $200 loss limit per excursion. Only 30% of the boat's square footage could be devoted to the casino, sailing was mandated rather than dockside gambling, and sections of the boat had to be devoted to persons under 21 years of age and to Iowa arts and crafts. Riverboats were chosen over land-based casinos because it was thought they would provide the greatest economic stimulus for surrounding businesses.		[[Image:RiverboatGambling.jpg\|left\|thumb\|250px\|Image courtesy: Mike Day. Kendall C. Day family collection.]]
			[Image:RiverboatGambling2.png\|left\|thumb\|250px\|]]RIVERBOAT GAMBLING. In March 1989 the Excursion Gambling Boat Act was passed by the Iowa Legislature. This law allowed limited, low-stakes casino gambling on Iowa's rivers and lakes beginning April 1, 1991. Iowa became the fourth state to adopt non-Indian, commercial casino gambling preceded by Nevada (1931), New Jersey (1976), and South Dakota (1988) and the first state to introduce riverboat gambling. While the legislation was promoted as economic development, the regulatory nature of the legislation was designed to maintain the wholesome image of Iowa. There was a $5 minimum wager and a $200 loss limit per excursion. Only 30% of the boat's square footage could be devoted to the casino, sailing was mandated rather than dockside gambling, and sections of the boat had to be devoted to persons under 21 years of age and to Iowa arts and crafts. Riverboats were chosen over land-based casinos because it was thought they would provide the greatest economic stimulus for surrounding businesses.

	Dubuque interests were quick to capitalize on the new legislation. In 1990 The [[DUBUQUE RACING ASSOCIATION]] was first applicant approved to operate a river gambling boat in the state of Iowa. [[KEHL, Robert\|Robert KEHL]] had the [[DUBUQUE CASINO BELLE]] constructed and quickly moved to the [[ICE HARBOR]]. The Dubuque Casino Belle made her maiden voyage on April 1st 1991. From April 1, 1991, to March 31, 1992, Dubuque Casino Belle Inc. sold single-price admission tickets to the riverboat that entitled a patron to: (1) admission to the boat; (2) a cruise on the [[MISSISSIPPI RIVER]] during cruising season; (3) admission to the gambling casinos on the boat if the patron was more than twenty-one years old; (4) a buffet meal; and (5) admission to any entertainment. Tickets were $39.95 for a dinner cruise and $29.95 for a lunch or brunch cruise. During 1990 season, more than 250,000 people cruised with Roberts River Rides.		Dubuque interests were quick to capitalize on the new legislation. In 1990 The [[DUBUQUE RACING ASSOCIATION]] was first applicant approved to operate a river gambling boat in the state of Iowa. [[KEHL, Robert\|Robert KEHL]] had the [[DUBUQUE CASINO BELLE]] constructed and quickly moved to the [[ICE HARBOR]]. The Dubuque Casino Belle made her maiden voyage on April 1st 1991. From April 1, 1991, to March 31, 1992, Dubuque Casino Belle Inc. sold single-price admission tickets to the riverboat that entitled a patron to: (1) admission to the boat; (2) a cruise on the [[MISSISSIPPI RIVER]] during cruising season; (3) admission to the gambling casinos on the boat if the patron was more than twenty-one years old; (4) a buffet meal; and (5) admission to any entertainment. Tickets were $39.95 for a dinner cruise and $29.95 for a lunch or brunch cruise. During 1990 season, more than 250,000 people cruised with Roberts River Rides.