The Nebraska Racing and Gaming Commission has granted a gaming operator license to WarHorse Gaming, paving the way for the development of the WarHorse Omaha casino at Horsemen’s Park. The project, spearheaded by the Ho-Chunk, the economic development arm of the Winnebago Tribe of Nebraska, in partnership with the Nebraska Horsemen’s Benevolent and Protective Association, aims to secure $700 million in financing. The decision was not without controversy, as Commissioner Jeffrey Galyen expressed criticism of the application. Despite some reservations, the commission voted 5-1 in favor of the license, with Commissioner Shane Greckel abstaining.
A Visionary Project:
The WarHorse Omaha project marks an ambitious endeavor that began in July with a groundbreaking ceremony at Horsemen’s Park. It is part of a larger development plan that includes the WarHorse Casino at Lincoln Racecourse. The Omaha casino is set to offer a comprehensive gaming and entertainment experience, featuring over 1,200 slot machines, 20 table games, a sportsbook, and both live and simulcast horse racing. The final build-out will also encompass various dining options, a sports bar, and a café, making it a sought-after destination for entertainment enthusiasts.
Meeting Contingent Conditions:
The commission’s approval of the gaming license comes with certain conditions that WarHorse Gaming must fulfill. The developers are required to meet these conditions to ensure the project’s success and adherence to regulatory guidelines. While Commissioner Galyen’s dissenting vote raised concerns, the majority decision underscores the potential economic benefits and job opportunities the casino project could bring to the region.
Renovations and Expansion:
As part of the project, the existing Horsemen’s Park complex will undergo extensive renovations, while nearly 67,000 square feet of new construction will be added. Additionally, a temporary facility with 800 gambling machines will be set up around ten months after the groundbreaking. The comprehensive renovation and expansion plan demonstrate the commitment of the stakeholders to create a world-class gaming and entertainment destination.
Economic Impact and Financing:
The WarHorse Omaha project’s significance extends beyond entertainment; it represents a substantial economic opportunity for Nebraska. The $700 million in financing, crucial for the project’s realization, is expected to invigorate the local economy and generate job opportunities for the community. By working in collaboration with local organizations and leaders, WarHorse Gaming aims to create a positive impact on the region’s economic landscape.
Industry-Wide Expansion:
WarHorse Gaming’s vision of expanding gaming opportunities is not limited to the Omaha project. The company has been granted provisional licenses to open casinos in both Omaha and Lincoln. Moreover, all six licensed horse tracks in Nebraska have revealed plans to incorporate casinos, while six additional racetracks have proposed similar ventures in different parts of the state. This widespread expansion highlights the potential for growth in the gaming and entertainment industry within Nebraska.
The approval of the gaming operator license for the WarHorse Omaha project marks a pivotal moment in Nebraska’s gaming and entertainment landscape. Spearheaded by WarHorse Gaming, a joint venture between Ho-Chunk and the Nebraska Horsemen’s Benevolent and Protective Association, this $700 million casino endeavor is poised to transform Horsemen’s Park into a premier destination for gaming enthusiasts and entertainment seekers alike. The project’s positive economic impact, coupled with its comprehensive gaming and hospitality offerings, bodes well for the region’s future. As the construction commences and the vision becomes reality, WarHorse Omaha promises to be a shining beacon in the heart of Nebraska’s gaming industry.