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Warhorse Gaming Casino Projects secures Provisional Licenses

Gambling activities in Lincoln and Omaha, Nebraska, appear to be underway. With the provisional licence issued to Warhorse Gaming by the Nebraska Racing and Gaming Commission, the company can offer betting services.

Nebraska in 2020 voted for commercial gambling in a referendum in November general elections. The vote allowed casinos to operate at the six licenced race tracks across the state which are Omaha, Lincoln, Columbus, Grand Island, Hastings, and South Sioux city.

The approval will help the Warhorse team hit the ground running by seeking partnership from potential investors to finance its plans, and will also enable them to hire competent hands to run the casino and enter various kinds of contracts with other gaming suppliers.

The CEO of Ho-Chunk Inc., the owner of Warhorse Gaming brand, Lance Morgan, stated:

“We are very appreciative for how fast the Commission turned around and issued us provisional licences. As you can imagine, we are very anxious to begin construction, create jobs, and start keeping the money in Nebraska.”

According to a press statement from Warhorse, Warhorse Gaming plans to inject $220 million into building the casino in Omaha and Lincoln. It was revealed in the plan that Omaha will deploy 1,600 gaming positions, and live and simulcast racing. Warhorse Lincoln will have over 1,300 gaming stations, a total of 196 standard hotel rooms, multiple restaurants, conference/event space, and live and simulcast horse racing.

Warhorse is dedicated to elevating the customer experience at both casinos and, at the same time contributing to the economy of the state through tourism, employment, tax and licencing fees. Warhorse Lincoln will open first according to plan, the projects are to be completed between 18-24 months.

Every casino with approval will be required to pay $1 million annually as licencing fee. The gross profit of all gaming will be taxed at 20%
The casinos will additionally support the state’s General Fund and the host counties where gambling is permitted to take place.

Governor Pete Ricketts signed the gambling regulations into law late 2021, the regulations will guide all gambling activities in the state.

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