Ho-Chunk, an arm of economic development Winnebago tribe, announced the start of a new business WarHorse Gaming LLC, tasked with managing the casino expansion on the company's three horse racing tracks in Nebraska.
Nebraska approved casinos on racetracks
Residents voted in favor of the proposed expansion of gambling in a referendum held in parallel with presidential elections in November and launched Ho-Chunk's release plans $ 300 million for the development of casinos on racetracks in Omaha, Lincoln and South Sioux City.
Even before the referendum, Ho-Chunk collaborated with Nebraska Horsemen's Benevolent and Protective Association (NHBPA)to guarantee enough signatures to vote, now WarHorse Gaming works with the association to develop casino plans.
A statement issued by Ho-Chunk revealed that both organizations are in the early stages of the planning process, anticipating some form of expanded play in the second half of 2021 and full casino operation in 2022. The company noted further information regarding its schedule will be released at a later date.
In collaboration with NHBPA
While WarHorse Gaming will be responsible for the activities associated with games in Horsemen's Park, Lincoln Racecourse and AtokadNHBPA will continue to manage horse racing in business.
“We are excited to partner with a world-class organization such as Ho-Chunk, Inc. It took us a long time to get to this point, and there is still a long way to go, but we can't wait to see what it will do for Nebraska. ”
Lynne McNally, executive vice president of NHBPA
Activity WarHorse Gaming will be guided by Brian Chamberlain, who will take the role executive director, while Blue Earth Marketing, a subsidiary of Ho-Chunk, will act as a record agency for casinos.
“This is an exciting time for the people of Nebraska. Our team works tirelessly to provide you with first-class games and entertainment. While there is still a lot of work to do, we look forward to bringing a new industry to the state and with it a whole new source of tax revenue and career opportunities. ”
Brian Chamberlain, Executive Director, WarHorse Gaming
Ho-Chunk expects the casino's development to be over track racing car Atokad in South Sioux City will occupy 9 months, but the effect of the gambling expansion would be significant, allowing the operator to take over 25% down 30% gaming market share in Siouxland, where Ho -Chunk has another property, WinnaVegas Casino Resort near Sloan in state of Iowa.
Ho-Chunk predicted that the operation of casinos in vegas style on the other two racetracks may start over 6 months because Horsemen's Park and Lincoln Racecourse already have adequate facilities.
Overall, the presence of the casinos on the three racetracks will help them expand their horse racing business by adding new live race dates to their respective calendars.