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May 06, 2004

Ho-Chunk Nation offers 25 percent of casino take

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The Ho-Chunk Nation of Wisconsin is offering an unprecedented revenue-sharing deal in exchange for a casino in Illinois.

Most revenue-sharing deals are based on a percentage of slot machine revenues. But the tribe is offering to share 25 of net casino revenues with Illinois.

Earlier this week, the tribe announced plans for a casino in a Chicago suburb. The tribe's lawyer said the facility would bring in $350 million a year in net revenues. Of that amount, the tribe would share $87 million with the state.

Get the Story:
Tribe pushes Illinois casino (The Milwaukee Journal-Sentinel 5/6)

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