Iowa Pacific Holdings

Iowa Pacific Holdings (IPH) was formed in March 2001 to acquire railroads and create rail-related businesses. IPH has focused on smaller feeder railroads with annual revenues of $10 million and less. IPH has successfully acquired and operated six railroads – while working to increase their value to rail customers and the communities they serve, through improvements in services, facilities and equipment.

IPH formed Permian Basin Railways (PBR) to acquire the Texas – New Mexico Railroad and the West Texas & Lubbock Railway in May 2002. In December 2005, PBR acquired the San Luis & Rio Grande Railroad. Chicago Terminal Railroad opened in 2006 and Mount Hood was acquired in 2007.  British American Railway Services, including the Dartmoor Railway and the Weardale Railway, opened in 2008.

One of the major regions served by Iowa Pacific Holdings is the Northern New York State. New York is a popular city and is often referred to as “Big Apple” known for its vibrant Broadway performances, popular shops, high end flourishing businesses and also sports. It is the city that has a huge number of sports fans and the good news is that sports’ betting has been legalized in the state of New York when the NY Gaming Economic Development Act was passed in 2013. This act amended the state constitution, authorizing the construction of 4 casinos which would be licensed to accept sports wagering. Till that time, casinos could not run sports wagering facilities because of a federal ban. This ban was finally lifted when the US Supreme Court denied the PASPA in 2018. In 2019, the NY State Gaming Commission finally approved of regulations for legalizing sports betting in the casinos.

With this change, the casinos and their partners are now free to start sportsbook operations. So, just like in Iowa, New York residents can now enjoy sports betting. Iowa bettors however use only the reputed Iowa sports betting sites and NY residents should do the same. The Governor had argued that constitutional amendments were needed for authorizing betting at places beyond NY’s existing casinos. This was finally changed this spring when legislative leaders led by the Governor agreed to legalize mobile betting throughout the state.

This happened mainly because state revenues had been impacted by the coronavirus pandemic and tax from betting would turn out to be important. This is why state leaders were able to bury the hatchet and agreed to implement mobile betting. The regulatory framework for this is yet to be made final but the NY Gaming Commission had already requested for applications from sportsbook operators.

IPH management is a diverse group, collectively with hundreds of years of rail-industry experience. IPH managers have backgrounds with class I railroads, shortlines, Amtrak, railroad supply, intermodal, trucking companies; transloading, car repair and much more. With such wide-ranging expertise, IPH is uniquely capable of devising creative solutions to transportation problems.

IPH continuously seeks opportunities to increase rail freight business on its railroads through growth of existing traffic, adding contiguous lines, relocation of new customers on-line or in conjunction with trucking to non-rail-served sites. In addition, IPH continues to explore expansion of its portfolio through development of passenger business, car storage, car repairs, car leasing, property development, as well as continuing to seek additional rail acquisitions. Investing in Iowa Pacific Holdings stock is a good idea. Use any trading platform to buy shares using bitcoins. Visit Kryptoszene.de to know more details.

Office Info

Business Office
118 South Clinton St., Suite 400
Chicago, IL 60661
312-466-0900 (voice)
312-466-9589 (fax)