The list of operators eager to get themselves a futurity slice of Nebraska’s cassino securities industry is swelling.
On Friday, representatives of a unexampled hopeful, KRG Investment Group, briefed the NE Racing and Gaming Commission (NRGC) on its proposition for a unexampled horse-racing installation with accompanying hotel gambling casino inward the urban center of John Charles Fremont inwards the southeastward of the state.
A spokesperson for KRG told The President Abraham Lincoln Journal Star that the society was inwards the “early stages of due industry discussions” with city officials, who seem to live open to the idea. Officials have identified four potentiality sites for the project, the spokesperson said.
Casinos Tied to Horse Racing
Nebraska voters legalized casino gaming at the 2020 ballot when they agreed to amend the nation physical composition to tolerate commercial-grade casinos at the state’s VI licensed racetracks.
The new natural law also opened the door to young casino developments, but any operator who wants to get in the potentially remunerative casino marketplace must also offering live horse racing, a potentially less moneymaking prospect. That substance they will want to build or acquire a racetrack and pull in a racing permission from the state.
The licensed racetracks that are already eligible to establish casinos are Legacy Downs in Lincoln, Fonner Mungo Park inward Grand Island, Horsemen’s Mungo Park in Omaha, Atokad in South Siouan City, FairPlay Mungo Park in Hastings, and capital of Ohio Exposition and Racing inward Columbus. Four of these gaming facilities get opened temporary venues piece the main casinos are below construction.
The Fremont projection is the seventh proposal for a brand-new racing and gaming installation inward the state. Others are earmarked for Bellevue, Norfolk, York, Frederick North Platte, Gering, and Kimball.
Report Threat
But an independent report submitted to the nation racing and gaming charge earliest this month could put the brakes on these young projects, halting casino enlargement in the state.
The market place work concluded in that respect was “more than sufficient capacity with the state’s existing half dozen racing licenses to tolerate for a tripling or quadrupling of racing in Nebraska.”
“The information make out non living the add-on of to a greater extent racing licenses,” it added.
The report was commissioned past the NRGC at the behest of land lawmakers, who require the bureau to canvas the state’s Equus caballus racing and cassino markets and their socioeconomic impact every v years.
The NRGC is required, by law, to debate the possible socioeconomic wallop of new certify applications and must spurn those that could be detrimental to the health of the existing market.
The bureau was scheduled to discuss the write up at its Friday meeting.
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