LINCOLN- While WarHorse Lincoln is still a work in progress, it's an endeavor that has only just scratched the surface of its potential, according to its ownership group. "It's really going to be something," said Lance Morgan, CEO of Ho-Chunk Inc., the economic development arm of the Winnebago Tribe of Nebraska, which operates the casino.
For now, the casino is being housed in a small building, but phase two of its development, which will double the size of the facility, began last month, with an expected completion date of October 2024. A year on, the numbers generated by the casino seem to suggest that it has been nothing short of successful. Financially, WarHorse Casino has contributed just over $4.7 million to a property tax credit fund, as well as roughly $845,000 each to the City of Lincoln and Lancaster County.
"I think everybody said, 'Wow that's a lot of Money,'" said Tom Sage, executive director of the Nebraska Racing and Gaming Commission, "But I don't know what the expectations were...I had no expectations, and I don't believe the commission had any expectations." According to Morgan, the casino's generated revenue has lived up to past projections, and has done so without causing many of the problems opponents claimed it would. "I think it's very good, and it probably will only get better when the permanent facilities become operations," said Morgan.
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