Big changes are coming to Lake Ozark that could improve tourism, create jobs, and bring new excitement to the area.
The Lake Ozark Board of Aldermen recently gave a green light to two major casino projects that promise to transform the local landscape.
In one meeting, they agreed to let the Osage Nation build a hotel and casino, then approved another casino project by private investors near the Osage River.
The attempt(s) follow an unsuccessful effort last year. But that is all in the past, and both projects are now moving forward.
Osage Nation's New Entertainment Complex
First up, let's talk about the Osage Nation's ambitious plan.
In 2021, the Osage Nation acquired 27 acres at the high-profile intersection of Bagnell Dam Boulevard and Osage Beach Parkway. They've set their sights on building a massive entertainment complex, including a casino, hotel, sports bar, restaurant, meeting spaces, and a variety of leisure amenities. However, construction will only begin after federal approval is granted.
The city of Lake Ozark has fully backed this project. They've passed bills to ensure support for the necessary infrastructure, including water, sewer, and police services.
As part of the agreement, the Osage Nation will contribute 2.5% of the casino's adjusted gross revenues and a 1% resort fee on hotel rooms back to the city. Additionally, they've pledged $100,000 annually for local police services and will cover regular municipal water and sewer rates.
This project is expected to draw in more visitors, create numerous jobs, and become a valuable tax base for Lake Ozark and its neighbors.
Timeline and Phases for the Casino and Hotel Construction
The proposed Osage Nation hotel and casino project in Lake Ozark is designed to unfold in multiple phases, with construction timing dependent on securing federal approvals and finalizing design work.
The most recent public statements suggest an initial construction launch once the U.S. Department of the Interior gives approval for the land to be placed into federal trust, a process still underway as of November 2025.
Construction Phases
Phase 1 (Pending Federal Approval):
The first phase will include the main casino, hotel accommodations, a sports bar, a signature restaurant, plus meeting space, leisure amenities, and necessary infrastructure improvements.
City utility connections (water and sewer) and road updates, including a new turn lane, will be completed alongside the initial build.
Tribal officials and city leaders have indicated they are ready to advance as soon as federal approval is secured, but no groundbreaking date has been formally set.
Subsequent Phases:
Later phases are expected to expand the hotel, gaming floor, and entertainment offerings, depending on market demand, tourism growth, and the project's initial performance. While mentioned in the city discussion, details and exact timelines for these future expansions have yet to be released.
Ozarks Casino Timeline Outlook
There is no official groundbreaking date, but city and tribal officials have signaled immediate readiness once federal processes are complete, which could happen in 2026.
The initial entertainment complex is projected to open roughly 18–24 months after construction starts, depending on permitting, weather, and supply chain factors.
The plan emphasizes job creation, expanded tourism, and phased expansion to match the region’s economic growth. Continuous city-tribal-coordination remains crucial as the project develops.
A Private Casino Venture Near the Osage River
In another move, the Lake Ozark Board also supports a private investor's plan to develop a casino near the Osage River.
This effort is spearheaded by the Osage River Gaming Commission, which is aiming for a Missouri Gaming Commission certification for the casino. They're planning a new campaign for 2026, building on past efforts with more preparation time to gather support.
The private project is being developed in collaboration with Tegethoff Development, known for creating large-scale projects like the $495 million Oasis at Lakeport, which includes a conference center, water park, and theme park.
What Does This Mean for Lake Ozark?
The Lake of the Ozarks stretches 92 miles long and twists through several counties in the Ozark Mountains. People often say it looks like a snake with arms. When it was finished, it was the largest man-made lake in the U.S. and one of the largest in the world.
The lake has about 1,150 miles of shoreline and attracts millions of tourists each year. Visitors often say it's the closest thing to an ocean trip in the Midwest.
Both projects have received widespread support from local officials. They're seen as transformative ventures that could significantly boost tourism, create jobs, and inject new energy into Lake Ozark and Osage Beach.
This is a crucial moment for the region, with these two potential casinos marking a new chapter in its economic development. With these projects gathering momentum, residents and visitors alike can look forward to a vibrant and thriving Lake Ozark.
