There are new developments concerning a planned casino for Larchwood, Iowa.
The state 'Racing and Gaming Commission' asked two firms to research five proposed Iowa casinos to see which one was the best bet.

The two reports total nearly 300 pages. Both reach the same conclusion; the Lyon County Casino has the most money making potential...because of it's location to Sioux Falls.

This is an artist's rendering of the proposed Lyon County hotel-casino slated to be built on Highway 9 near Larchwood.
Last September, a public referendum on the casino passed 62-to-38%.
Now the project awaits state approval: these two reports, requested by the Iowa Racing and Gaming Commission, both point to this Lyon County project as being the most viable of the five currently being planned for the state.
This report, prepared by the Littleton, Colorado based "Innovation Group", finds a Lyon County Casino could realize annual gaming revenue of between 57 and 80 million dollars a year.
The other report from Minneapolis-based "GVA Marquette Advisors" puts annual gaming revenues at 75 million and adds they expect 1-point-3 million people would visit the casino every year.
Kehl Management, the company behind the project, sent Action News a statement which says in part "Kehl Management is 100% committed to this project and is ready to work with the citizens of Lyon County to submit an application for a destination resort .."
"Kehl" already operates the 'Riverside Casino' just south of Iowa City.
In addition, both reports forecast the Lyon County casino would attract a majority of it's customers from the Sioux Falls metro area and further predicts a big hit to video lottery revenues from establishments in Sioux Falls and Minnehaha County....as video lottery customers would opt to spent their gambling money on slot machines and table games.

On June 4th, Iowa's Racing and Gaming Commission' will discuss the two reports.
It's possible the Commission could award a gaming license at that time.