Published on: November 5, 2024, 09:24h.
Last updated on: November 5, 2024, 09:34h.
WarHorse Casino Lincoln commenced the week by unveiling phase two of its permanent casino floor, introducing new gaming options to visitors.
WarHorse Gaming and Ho-Chunk Inc. officials announced a significant increase in slot machines and the introduction of live dealer table games at the Lincoln racino.
The expansion boosted slot machines from around 400 to 830 while also including ten table games offering blackjack, roulette, and mini-baccarat. Additionally, over 100 simulcast screens have been activated to allow parimutuel bettors to enjoy live horse racing from various locations worldwide. The Lincoln casino also offers sports betting.
Lance Morgan, CEO of WarHorse, emphasized that the second phase’s focus also extends to enhancing restaurant seating, with the table games expected to drive a significant increase in business.
Table games are often associated with Las Vegas-style gambling. Lynne McNally, CEO of the Nebraska Horsemen’s Benevolent and Protective Association (NHBPA), highlighted the addition of table games.
Following a statewide referendum in 2020 that allowed state-licensed racetracks to transition into casinos, the NHBPA partnered with Ho-Chunk and WarHorse to develop racinos in Omaha, Lincoln, and South Sioux City.
Challenges and Progress
Nebraskans supported the gaming initiative in 2020 to alleviate property taxes.
Construction at Warhorse Casino Lincoln faced delays due to the pandemic and rising costs, affecting the intended property tax relief for residents.
With phase two completed, focus now shifts to constructing a hotel at Legacy Downs at WarHorse Casino Lincoln. The final phase will include a 200-room hotel, convention space, and additional dining options.
Establishing Dominance
WarHorse Gaming completed its first casino in Nebraska in August, with a significant presence in the state’s casino industry. Plans for a third casino in South Sioux City could further solidify their position.
WarHorse Lincoln reported a gross gaming revenue of approximately $41.3 million through September, contributing to a combined revenue of $54.9 million for both WarHorse casinos in the state.
With a total statewide gross gaming revenue of $94.2 million among four casinos, WarHorse and the NHBPA currently hold a dominant position in the Nebraska casino market.
The partnership’s influence could expand further if they opt to develop and operate a third casino in South Sioux City.