WarHorse Gaming Lands $300 Million for Nebraska Casino Boom

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Nebraska’s leading casino operator, WarHorse Gaming, has secured a massive $300 million refinancing deal that will fuel the construction of a new casino in South Sioux City and drive major expansions at its existing facilities in Omaha and Lincoln. This move solidifies WarHorse’s position as a powerhouse in Nebraska’s gaming industry and signals continued community investment through 2026 and beyond.

Key Takeaways

$300 million refinancing secured for casino expansion
New casino in South Sioux City slated for groundbreaking next summer
Major upgrades planned for Lincoln and Omaha properties
Significant boost to Nebraska’s economy and property tax relief

Details of the Landmark Refinancing Deal

The five-year, $300 million refinancing package represents one of the fastest deals of its kind, organized in less than a month with participation from major financial institutions, including U.S. Bank, Capital One, KeyBank, Huntington National Bank, BOK Financial, and Comerica Bank.

WarHorse Gaming’s CEO, Lance Morgan, emphasized that the swift agreement demonstrates strong confidence from financial partners in the company’s growth strategy and the Nebraska gaming market overall.

Planned Expansions: New Casino and Upgrades

New South Sioux City Casino: Construction is set to start in summer 2026, marking WarHorse Gaming’s third Nebraska location. The venue is expected to bring state-of-the-art gaming, entertainment, and hospitality offerings to the region.
Lincoln Expansion: The Lincoln property will see expansion in spring 2026, featuring more gaming machines, additional table games, an upscale steakhouse, and a sports bar to attract a broader clientele.
Omaha Facility: Recently completed expansions in Omaha have already resulted in a surge of patronage and revenue, with the improvements expected to drive further growth.

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Financial Growth and Community Impact

As of August 2025, WarHorse Gaming recorded $94.8 million in gaming revenue, generating $22.5 million in gaming taxes according to the Nebraska Racing and Gaming Commission. The majority of these taxes are earmarked for property tax relief, directly benefiting local communities across the state.

Own by the Winnebago Tribe of Nebraska through Ho-Chunk, Inc., WarHorse Gaming not only strengthens tribal economic development but also plays a major role in state economic health, providing jobs and supporting local projects.

Economic and Social Benefits

The expansion is expected to:

Double WarHorse’s operating cash flow by 2026
Create construction and permanent jobs in the hospitality and gaming sectors
Enhance statewide tourism and entertainment options
Generate further funds for community development and property tax relief

Looking Ahead: A Model for Growth

WarHorse Gaming’s ongoing investments and strong public-private financial partnerships have set a new benchmark for both Nebraska’s gaming industry and regional economic development. As work gets underway on the new casino and Lincoln’s enhancements, the company is forecasted to reinforce its market leadership and continue its positive community contributions for years to come.