{"id":213521,"date":"2022-05-13T15:52:19","date_gmt":"2022-05-13T22:52:19","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=213521"},"modified":"2022-05-13T16:13:57","modified_gmt":"2022-05-13T23:13:57","slug":"nebraska-gov-ricketts-approves-casino-regs-but-licensing-on-hold","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/nebraska-gov-ricketts-approves-casino-regs-but-licensing-on-hold\/","title":{"rendered":"Nebraska Gov. Ricketts Approves Casino Regulations but Licensing on Hold"},"content":{"rendered":"

Nebraska Gov. Pete Ricketts signed off the state\u2019s casino regulations on Wednesday, paving the way for licensing applications for the new market.<\/p>\n

\"Nebraska
Republican Gov. Pete Ricketts, above, has approved Nebraska\u2019s casino gaming regulations but licenses won\u2019t be rubber-stamped until late summer or early fall. (Image: 3newsnow)<\/figcaption><\/figure>\n

But prospective operators will have to wait a few more weeks before they submit those applications while the gaming regulator gets its ducks in order, reports The Lincoln Journal Star.<\/em><\/p>\n

The Nebraska Racing and Gaming Commission has yet to agree on a fee structure for the applications. That won\u2019t be resolved at least until its next meeting on June 2.<\/p>\n

\n

Commission director Tom Sage told the Star<\/em> Wednesday that licensing will then take 30 to 60 days to process, before going to a commission agenda for final approval (or not).<\/strong><\/p>\n<\/div>\n

Only then \u2013 early fall, or later summer if they\u2019re lucky — will Nebraska\u2019s prospective operators be able to begin construction work on their casino proposals.<\/p>\n

Keeping it in Nebraska<\/strong><\/h2>\n

A healthy 64.9% of Nebraska voters approved casino gaming for the state\u2019s racetracks at the November 2020 ballot. The ballot initiative was backed by Ho-Chunk Inc., the economic development arm of the Winnebago Tribe of Nebraska, and the state\u2019s Horsemen\u2019s Benevolent and Protective Association (NHBPA).<\/p>\n

\n

Nebraska\u2019s racetracks have been on a steady slide since Iowa legalized casino gambling in 1989. The ballot campaign committee appealed to Nebraskans\u2019 state pride — and to their wallets. <\/strong><\/p>\n<\/div>\n

Calling itself \u201cKeep the Money in Nebraska,\u201d it warned that an estimated $400 million hard-earned Nebraska dollars were leaking into Iowa casinos each year. The group claimed legalizing casino gambling would boost state coffers by between $60 million and $120 million per year<\/p>\n

It will also considerably boost the coffers of Ho-Chunk Inc., and the NHBPA. The two entities have partnered up to build casinos under the brand \u201cWarHorse\u201d in Lincoln, Omaha, ad South Sioux City.<\/p>\n

Temporary Casinos<\/strong><\/h2>\n

Other projects include a $220 million redevelopment of Lincoln Race Course, with a 196-room hotel tower, event space, plus. It\u2019s expected to take 18-24 months to complete. But the track plans to open a temporary casino floor while the main casino is being built.<\/p>\n

Fonner Park<\/a> in Grand Island is also planning a temporary casino while it redevelops its operations, and Caesars Entertainment plans to build a brand-new Harrah\u2019s Casino and racetrack<\/a> in Columbus.<\/p>\n

The Chickasaw Nation also wants to build a new casino and horse track in Hastings. But the tribe is currently scouting for a location.<\/p>\n

Several other operators are eager, but their proposals won\u2019t be considered until the Racing and Gaming Commission completes a socioeconomic impact study of new tracks and casinos, as ordered by the legislature.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nebraska Gov. Pete Ricketts signed off the state\u2019s casino regulations on Wednesday, paving the way for licensing applications for the new market. But prospective operators will have to wait a few more weeks before they submit those applications while the gaming regulator gets its ducks in order, reports The Lincoln Journal Star. The Nebraska Racing […]<\/p>\n","protected":false},"author":36,"featured_media":213522,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18,13592],"tags":[],"acf":[],"yoast_head":"\nNebraska Gov. Ricketts Approves Casino Regs but Licensing on Hold<\/title>\n<meta name=\"description\" content=\"Nebraska casino regulations are approved by Republican Gov. 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