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Nebraska casinos could affect the Iowa gambling industry



Iowa casino officials fear they will run at a loss when some Nebraska casinos open because voters in that state have approved gambling. official paintings. Other Iowa border towns with casinos include Sioux City, Onawa, and Sloan. The growth of Nebraska casinos could be another blow to Iowa casinos that have been struggling with the effects of the coronavirus epidemic. “We are still trying to recover in all markets because of COVID-19,” said Wes Ehrecke, president of the Iowa Games Association. “To have something like this coming online can have a ripple effect.” About two-thirds of Nebraska voters passed three constitutional amendments last week to legalize casinos at the state̵

7;s six licensed horse racing tracks, regulate the industry, and dedicate some of the money to the credit. taxes on property owners. Nebraska proponents want to open casinos as soon as possible and then expand them to include restaurants, hotels and other amenities. Michael Newlin, general manager of Horseman’s Park in Omaha and Lincoln Race Course, hopes to recoup a sizable portion of the approximately $ 500 million that Nebraska people spend annually at casinos in Iowa and other states, Michael Newlin, general manager of Horseman’s Park in Omaha and Lincoln Race Course. Promoting horse racing in the region for their profit will increase the prize at the races. The horse racing industry has been in decline for decades across the country. “The racing will evolve and evolve,” he said. “In three to five years, I think we’ll begin to see Iowa trainers and owners finally home in Nebraska.” But Gary Palmer, general manager of Prairie Meadows Racecourse and Casino in Altoona, Iowa, said he was not convinced that the new casinos would have a significant impact on horse racing. “It could help our horse racing business. It could lead to greater circulation of horses in the Midwest and the wallet could grow, ”says Palmer. “But the nation’s horse inventories are actually decreasing. We’ll have to see how it works. ”

Iowa casino officials worry they will run at a loss when some Nebraska casinos open because voters in that state have approved gambling.

Officials say that when casinos are built in Omaha and Lincoln, Nebraska, they could hurt Iowa game revenue, especially in Council Bluffs, where four casinos are in operation. Other Iowa border towns with casinos include Sioux City, Onawa, and Sloan.

The growth of Nebraska casinos could be another blow to the Iowa casinos struggling with the effects of the coronavirus epidemic.

“We are still trying to recover in all markets thanks to COVID-19,” said Wes Ehrecke, president of the Iowa Games Association. “To have something like this online there can be a ripple effect.”

About two-thirds of Nebraska voters passed three constitutional amendments last week to legalize casinos at the state’s six licensed horse racing tracks, regulate industry, and set aside some money for tax credits. for real estate owners.

Nebraska casino proponents want to open casinos as soon as possible and then expand them to include restaurants, hotels and other amenities. Michael Newlin, general manager of Horseman’s Park at Omaha and Lincoln Race Course, said Nebraska gambling advocates hope to recoup a significant portion of the roughly $ 500 million that Nebraska people spend annually. at casinos in Iowa and other states.

Newlin said he believes the new casinos will promote horse racing in the region as their profits will boost the prize pool at the races. The horse racing industry has declined for decades across the country.

“The racing will evolve and evolve,” he said. “In three to five years, I think we’ll begin to see Iowa trainers and owners finally home in Nebraska.”

But Gary Palmer, general manager of Prairie Meadows Race and Casino in Altoona, Iowa, says he doesn’t believe the new casinos will have a significant impact on horse racing.

“It could help our horse racing business. It could lead to greater circulation of horses in the Midwest and the wallet could grow, ”says Palmer. “But the nation’s horse inventories are really decreasing. We’ll have to see how it works. “


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