Las Vegas Casino Owner Has Eye on Omaha

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A Las Vegas casino owner says he wants to develop a casino and hotel for Omaha's riverfront property that he believes could attract as much as 75-percent of Iowa casino patrons.

Michael Gaughan, owner of Coast Casinos, told the Omaha World-Herald in a story first reported in Friday editions that he wants to build a 500-room hotel and casino to attract large groups to Omaha's convention center and arena.

He says he is considering undeveloped land south of Eppley Airfield and has proposed a $300 million facility.

However, there is no guarantee that his company would be the one developing a facility should the measure be legalized.

The 61-year-old is also one of the supporters of the petition drive aimed at legalizing casino gambling in the state.

The Keep the Money in Nebraska petitions would allow up to two casinos in Omaha, but it would also allow slot machines in restaurants, bars, keno parlors and horse race tracks statewide.