The CEO of War Horse Casino, Lance Morgan, took to Facebook to voice his frustrations about the impact of recent tariffs, which he says could slow down the expansion plans for his business. Morgan highlighted the significant financial burden these tariffs have already placed on War Horse Casino, saying tariffs cost him $3 million in just two days.Morgan explained that the tariffs are driving up the costs of essential equipment, including slot machines. These machines, which cost around $30,000 each, have become more expensive depending on their country of origin — either Japan or China. As a result, the casino’s expansion plans, which include opening a new location in South Sioux City and expanding operations in Lincoln and Omaha, are now at risk.In his statement, Morgan emphasized that the sudden increase in costs could create long-term issues for the casino. He noted that these kinds of tariff policies disrupt the stability that is essential for businesses to thrive. Morgan also pointed out that some vendors have been taking advantage of the situation. Many have raised their prices in anticipation of the tariffs and are expected to make substantial profits as they have not yet incurred the additional costs associated with the tariffs. Morgan expressed concerns that this price manipulation could further exacerbate the challenges businesses like War Horse Casino are facing.War Horse Casino’s plans to open up a new location in South Sioux City just got a lot more expensive. NAVIGATE: Home | Weather | Local News | National | Sports | Newscasts on demand |
The CEO of War Horse Casino, Lance Morgan, took to Facebook to voice his frustrations about the impact of recent tariffs, which he says could slow down the expansion plans for his business. Morgan highlighted the significant financial burden these tariffs have already placed on War Horse Casino, saying tariffs cost him $3 million in just two days.
Morgan explained that the tariffs are driving up the costs of essential equipment, including slot machines. These machines, which cost around $30,000 each, have become more expensive depending on their country of origin — either Japan or China. As a result, the casino’s expansion plans, which include opening a new location in South Sioux City and expanding operations in Lincoln and Omaha, are now at risk.
In his statement, Morgan emphasized that the sudden increase in costs could create long-term issues for the casino. He noted that these kinds of tariff policies disrupt the stability that is essential for businesses to thrive.
Morgan also pointed out that some vendors have been taking advantage of the situation. Many have raised their prices in anticipation of the tariffs and are expected to make substantial profits as they have not yet incurred the additional costs associated with the tariffs. Morgan expressed concerns that this price manipulation could further exacerbate the challenges businesses like War Horse Casino are facing.
War Horse Casino’s plans to open up a new location in South Sioux City just got a lot more expensive.
NAVIGATE: Home | Weather | Local News | National | Sports | Newscasts on demand |
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