WarHorse Gaming Secures $300M Deal for Nebraska Casino Expansion
BREAKING: WarHorse Gaming has just secured a staggering $300 million refinancing deal, enabling explosive expansion across Nebraska. The leading casino operator, affiliated with the Winnebago Tribe of Nebraska, is set to open a new casino in South Sioux City and enhance its existing locations in Omaha and Lincoln.
This rapid financing was finalized in under a month by US Bank with backing from major financial players, including Capital One and KeyBank. Lance Morgan, CEO of Ho-Chunk, Inc., which oversees WarHorse Gaming, praised the quick deal, highlighting the confidence their banking partners have in the company’s growth potential.
The refinancing accelerates WarHorse Gaming’s ambitious plans to expand its state-regulated casinos at horse racetracks in key Nebraska cities. Construction for the new WarHorse Casino in South Sioux City is slated to begin in summer 2024. The upgraded WarHorse Lincoln, expected to unveil in spring 2026, will feature expanded gaming areas, new table games, a steakhouse, and a premium sports bar.
WarHorse Omaha, which recently expanded in April 2023, is already witnessing a surge in visitor numbers and gaming activity. So far in 2025, the casino has generated over $94 million in gaming revenue, contributing about $22.5 million in tax revenue, primarily directed towards property tax relief in accordance with state regulations.
Moreover, WarHorse Gaming is pushing for new gambling laws in Nebraska, advocating for mobile sports betting. Last month, the company led a voter initiative aimed at amending the state constitution to allow smartphone and online betting.
With its commitment to local investment and community engagement, WarHorse Gaming is poised for substantial growth, expecting its operating cash flow to potentially double by 2026. This expansion promises to reshape the regional gaming landscape, offering more entertainment options and reinforcing the company’s dedication to the state and the Winnebago people.
As WarHorse Gaming embarks on this major expansion, the economic impact on Nebraska is significant. The anticipated enhancements and new offerings will likely increase local engagement and provide lasting benefits to the communities involved. Stay tuned for more updates as WarHorse Gaming transforms the gaming experience across Nebraska.
