Nebraska Sen. Tom Briese (R-Albion) never wanted the Cornhusker State to be home commercial gambling.…
casino powerhouse Caesars Leisure, Inc. is about to enterprise into Nebraska’s not too long ago expanded playing market via a partnership with Columbus Exposition and Racing (CER)
Underneath the phrases of this current settlement, Caesars will construct and function a Harrah’s branded casino and racetrack in Columbus.
Established in 2013, CER is a Columbus-based non-profit entity that’s “devoted to the way forward for horse racing” within the area and in Nebraska, as a complete. It has now chosen Caesars as its associate to additional enterprise into the state’s expanded gaming and racing market.
Nebraska residents final November overwhelmingly authorised a trio of initiatives that approved casino-style gaming at licensed horse racetracks, allowed the state to control the newly expanded playing business, and established a 20% fee on gross gaming income from the newly legalized merchandise.
The initiatives didn’t explicitly embrace sports activities betting, however Gov. Pete Ricketts in Could signed a measure that approved that apply, too. This principally implies that the state’s six industrial horse racing tracks can now conduct Las Vegas-style gaming and wagering actions, together with races.
Members of CER’s board have been working Reside Racing and Simulcasting at Ag Park in Nebraska since 2013.
The New Harrah’s Property
The brand new Harrah’s property can be positioned proper off Freeway 81 in Columbus. It’s deliberate to characteristic a brand new one-mile horse racing floor, a 40,000-square-foot casino with over 400 slot machines, 20 desk video games, and a sportsbook.
The brand new advanced is predicted to price $75 million to construct and to be full by late 2022.
Commenting on their partnership with Caesars, CER Managing Director Tom Jackson mentioned that they’re excited to welcome the Harrah’s model to Nebraska and that when searching for an acceptable casino operator associate, “Harrah’s model recognition and established code of dedication to its staff, clients and the communities wherein they function proved a straightforward choice.”
Mr. Jackson went on to say that as they work to create a brand new leisure vacation spot for the Midwest, their alliance with Caesars can be an vital “financial driver and job creator” for Columbus and the encircling areas and would additionally additional reinforce CER’s dedication to “the hardworking folks concerned within the Nebraska horse racing business.”
Caesars CEO Tom Reeg mentioned that when Nebraska approved casino and sports activities betting actions at its racetracks, they knew that “our expertise within the casino business mixed with our dedication to horse racing made Harrah’s an ideal match.”
Mr. Reeg added that they’re now wanting ahead to creating “an all-new Harrah’s expertise in Columbus” and connecting that property to their Caesars Rewards throughout the nation.
Caesars’ Racing SVP, Joe Morris, mentioned that they’re thrilled to be given the chance to rework Columbus’ horse racing business and that having the ability to construct a brand new first-class monitor at a Caesars-owned property demonstrates their dedication to the racing business and their intent to “keep it up the realm’s storied racing custom.”
Supply: COLUMBUS EXPOSITION AND RACING CONTRACTS WITH CAESARS ENTERTAINMENT TO DEVELOP casino AND RACETRACK IN NEBRASKA, PR Newswire, July 2, 2021