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WINNEBAGO, Neb. – Nebraska’s largest on line casino operator, WarfareHorse Gaming, LLC, has secured refinancing of $300 million in startup loans to a good 5-year deal that’ll launch the following section of on line casino expansions and development of a brand new on line casino.
The deal is without doubt one of the quickest to come back collectively within the professional rata monetary market, organized in lower than one month by U.S. Bank, together with 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 father or mother firm of WarfareHorse Gaming. “We are proud to have them join us for this next big chapter.”
The refinancing places in movement WarfareHorse Gaming’s continued enlargement of its state-regulated casinos at horse racetracks in Nebraska’s largest cities, Omaha and Lincoln. New development of a 3rd WarfareHorse Casino will begin subsequent summer time in South Sioux City, Nebraska.
WarfareHorse Lincoln’s highly-anticipated spring 2026 enlargement consists of bigger gaming areas for machines, extra desk video games, a brand new steakhouse, and a high-end sports activities bar. WarfareHorse Omaha’s enlargement opened in April and continues robust development and elevated visitation.
WarfareHorse Gaming has quickly grown with $94.8 million whole gaming income yr so far, reported Aug. 25 by the Nebraska Racing and Gaming Commission. Gaming taxes on this yr’s WarfareHorse income have totaled $22.5 million up to now, largely earmarked for property tax reduction below Nebraska legislation. WarfareHorse Gaming expects to double its working money stream in 2026.
“WarHorse Gaming is Nebraska grown and owned. We believe in providing a world-class gaming experience, while investing in our communities, our state, and the Winnebago people,” Morgan stated.
Ho-Chunk, Inc. is the Winnebago Tribe of Nebraska’s financial growth entity. Nebraska voters decisively handed its 2020 poll initiative co-sponsored by the Nebraska Horsemen to develop, tax and regulate on line casino gaming on the state’s licensed horse tracks.
The Winnebago Tribe began Ho-Chunk, Inc. 30 years in the past to create jobs, and with a long-term mission to assist the Tribe attain financial self-sufficiency. The firm is now a big employer, important financial driver and taxpayer in Nebraska. Its method has change into a nationwide mannequin for financial and neighborhood growth.
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