Winnebago Tribe’s StruggleHorse Gaming secures $300M refinancing for Nebraska on line casino progress

StruggleHorse Gaming, LLC, Nebraska’s largest on line casino operator, has refinanced $300 million in startup loans with a brand new five-year deal that may fund ongoing expansions and the development of a 3rd on line casino.

The refinancing was organized in lower than a month by U.S. Bank, in line with a statement, with participation from Capital One, KeyBank, The Huntington National Bank, BOK Financial, and Comerica Bank.

“This rapid refinancing shows our bank partners value what we’re doing, and see the great potential ahead,” stated Lance Morgan, CEO of Ho-Chunk, Inc., the guardian firm of StruggleHorse Gaming.

Proceeds will assist enlargement of StruggleHorse’s present casinos at horse racetracks in Omaha and Lincoln, together with a brand new South Sioux City property slated to interrupt floor subsequent summer season. In Lincoln, a serious enlargement set for spring 2026 will add gaming machines, desk video games, a steakhouse, and a sports activities bar. Omaha’s expanded on line casino opened in April and continues to drive sturdy visitation.

StruggleHorse Gaming has generated $94.8 million in gaming income 12 months thus far, in line with the Nebraska Racing and Gaming Commission. Gaming taxes have totaled $22.5 million, most earmarked for property tax aid. The firm stated it expects to double working money stream in 2026.

Owned by the Winnebago Tribe of Nebraska by Ho-Chunk, Inc., StruggleHorse Gaming is a product of the state’s 2020 voter-approved enlargement of on line casino gaming at licensed horse tracks.