{"id":307435,"date":"2024-01-21T17:09:16","date_gmt":"2024-01-21T23:09:16","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=307435"},"modified":"2024-01-22T12:19:57","modified_gmt":"2024-01-22T18:19:57","slug":"another-nebraska-casino-proposed-but-gaming-expansion-under-threat","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/another-nebraska-casino-proposed-but-gaming-expansion-under-threat\/","title":{"rendered":"New Nebraska Casino Proposed, But Gaming Expansion Under Threat"},"content":{"rendered":"

The list of operators eager to get themselves a future piece of Nebraska\u2019s casino market is swelling.<\/p>\n

\"Nebraska
Could Nebraska prove to be “the good life” for casino operators? State voters legalized casinos in 2020, but a recent study could limit gaming expansion in the state beyond its six existing licensees. (Image: StateScoop)<\/figcaption><\/figure>\n

On Friday, representatives of a new hopeful, KRG Investment Group, briefed the Nebraska Racing and Gaming Commission (NRGC) on its proposal for a new horse-racing facility. The project would have an accompanying casino hotel in the city of Fremont in the southeast portion of the state.<\/p>\n

A spokesperson for KRG told The Lincoln Journal Star<\/em> that the company was in the \u201cearly stages of due diligence discussions\u201d with city officials, who seem to be receptive to the idea. Officials have identified four potential sites for the project, the spokesperson said.<\/p>\n

Casinos Tied to Horse Racing<\/strong><\/h2>\n

Nebraska voters legalized casino gaming at the 2020 ballot. That’s when they agreed to amend the state constitution to allow commercial casinos at the state\u2019s six licensed racetracks.<\/p>\n

\n

The new law also opened the door to new casino developments. But any operator who wants to enter the potentially lucrative casino market must also offer live horse racing, a potentially less lucrative prospect. That means they’ll need to build or acquire a racetrack and gain a racing license from the state.<\/p>\n<\/div>\n

The licensed racetracks that are already eligible to build casinos are Legacy Downs in Lincoln, Fonner Park in Grand Island, Horsemen\u2019s Park in Omaha, Atokad in South Sioux City, FairPlay Park in Hastings, and Columbus Exposition and Racing in Columbus. Four of these gaming facilities have opened temporary venues<\/a> while their main casinos are under construction.<\/p>\n

The Fremont project is the seventh proposal for a brand-new racing and gaming facility in the state. Others are earmarked for Bellevue, Norfolk, York, North Platte, Gering, and Kimball.<\/p>\n

Report Threat<\/strong><\/h2>\n

An independent report<\/a> submitted to the state racing and gaming commission earlier this month could put the brakes on these new projects, halting casino expansion in the state.<\/p>\n

The market study concluded there was \u201cmore than sufficient capacity with the state\u2019s existing six racing licenses to allow for a tripling or quadrupling of racing in Nebraska.\u201d<\/p>\n

\u201cThe data do not support the addition of more racing licenses,\u201d it added.<\/p>\n

\n

The report was commissioned by the NRGC at the behest of state lawmakers, who want the agency to analyze the state\u2019s horse racing and casino markets and their socioeconomic impact every five years.<\/p>\n<\/div>\n

The NRGC is required by law to consider the possible socioeconomic impact of new license applications. It must reject those that could be detrimental to the health of the existing market.<\/p>\n

The agency was scheduled to discuss the report at its Friday meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"

The list of operators eager to get themselves a future piece of Nebraska\u2019s casino market is swelling. On Friday, representatives of a new hopeful, KRG Investment Group, briefed the Nebraska Racing and Gaming Commission (NRGC) on its proposal for a new horse-racing facility. The project would have an accompanying casino hotel in the city of […]<\/p>\n","protected":false},"author":36,"featured_media":307436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18,86430,86438,13592],"tags":[84315,89584],"acf":[],"yoast_head":"\nAnother Nebraska Casino Proposed, But Gaming Expansion Under Threat<\/title>\n<meta name=\"description\" content=\"Fremont Nebraska casino proposed by KRG Investment Group, but a recent report could jeopardize new gaming developments.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/another-nebraska-casino-proposed-but-gaming-expansion-under-threat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Another Nebraska Casino Proposed, But Gaming Expansion Under Threat\" \/>\n<meta property=\"og:description\" content=\"Fremont Nebraska casino proposed by KRG Investment Group, but a recent report could jeopardize new gaming developments.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/another-nebraska-casino-proposed-but-gaming-expansion-under-threat\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-21T23:09:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-22T18:19:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/01\/Nebraska.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"658\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/another-nebraska-casino-proposed-but-gaming-expansion-under-threat\/\",\"url\":\"https:\/\/www.casino.org\/news\/another-nebraska-casino-proposed-but-gaming-expansion-under-threat\/\",\"name\":\"Another Nebraska Casino Proposed, But Gaming Expansion Under Threat\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/another-nebraska-casino-proposed-but-gaming-expansion-under-threat\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/another-nebraska-casino-proposed-but-gaming-expansion-under-threat\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/01\/Nebraska.jpg\",\"datePublished\":\"2024-01-21T23:09:16+00:00\",\"dateModified\":\"2024-01-22T18:19:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Fremont Nebraska casino proposed by KRG Investment Group, but a recent report could jeopardize new gaming developments.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/another-nebraska-casino-proposed-but-gaming-expansion-under-threat\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/another-nebraska-casino-proposed-but-gaming-expansion-under-threat\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/another-nebraska-casino-proposed-but-gaming-expansion-under-threat\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/01\/Nebraska.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/01\/Nebraska.jpg\",\"width\":1000,\"height\":658,\"caption\":\"Nebraska voters legalized casinos in 2020, but a recent study could limit gaming expansion in the state beyond its six existing licensees. 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