Ho-Chunk CEO optimistic about horse racing bill's fate, despite - KTIV News 4 Sioux City IA: News, Weather and Sports

Ho-Chunk CEO optimistic about horse racing bill's fate, despite casino bill's failure

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SOUTH SIOUX CITY, NE (KTIV) -

The President and CEO of Ho-Chunk Incorporated says he's not surprised that a bill to expand gambling in Nebraska failed to make it out of committee, Thursday.

Ho-Chunk bought the former Atokad horse track.

Lance Morgan said his company's drawn up plans for both a casino and a race track.  A second bill to allow historic race track betting is still being considered by the Nebraska legislature.

If it passes, voters would go to the polls to decide whether to allow betting on past horse races.  The track would also include live racing.

"If it was just horse racing alone, obviously it's not viable in a highly competitive gaming market. In order to work it needs some sort of modern advanced gaming, and we think the historic horse racing machines are enough to get it viable to be a successful contributing part of the local economy,” said Morgan.

Morgan says if track betting passes they'll open in a year-and-a-half.

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