Penn National Gaming officials are voicing their objections to the study commissioned by the Siouxland Initiative by Wells Gaming Research.
That study pointed out pros and cons of the four proposals for a new land based casino in Woodbury County. The study by the Reno, Nevada company gave an edge to the Hard rock Casino in some of its findings, which is being questioned by the competing bidders.
Karen Bailey, Vice President of Public Affairs 3with Penn says in an e-mailed statement “It is a shame that the Siouxland Initiative chose to release a paper that was so obviously flawed.
Regardless of methodology, some of the most basic information contained in our application was misrepresented and simply erroneous thus rendering the study defective.
Bailey added that the study’s own author admits that the study has a 68% confidence level in the numbers generated and has a total 27 point margin of error swing. She says that fact alone should have shelved the study immediately.
Bailey says it is unfortunate that some have chosen to use such a tactic to promote a project that provides the greatest risk to taxpayers and with substantially less financial benefit to the Siouxland community as compared to our Hollywood Casino proposals.”
The lawfirm representing Penn Gaming sent a letter voicing their objections with the study to the Iowa Racing and Gaming commission.