Casino gives millions back to county - KTIV News 4 Sioux City IA: News, Weather and Sports

Casino gives millions back to county

Posted:
LARCHWOOD, Iowa (KTIV) -

Revenue from the Grand Falls Casino Resort, near Larchwood, Iowa, will equate to more than half a million in grants this year.

The $610,000 will be awarded through the casino's nonprofit partner, the Lyon County Riverboat Foundation.

In the almost two years Grand Falls has been open, managers say they've had a "terrific" revenue stream.

To date, the casino has turned about $3 million to their nonprofit.

"They have a great formula. Twenty-five percent goes to the town and the county of Lyon County. Another 25% goes to the three school districts. Then, a portion of that is allocated for the private schools," said Grand Falls General Manager Sharon Haselhoff.

The next deadline for the Lyon County Riverboat Foundation grant program is September 10th.

           

 

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