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Gun Lake Tribe surpasses $60M mark in shared gaming revenues


Filed Under: Compacts
More on: mbpi, michigan, revenue sharing
   

The Gun Lake Casino in Wayland, Michigan. Photo from Google+

The Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians, also known as the Gun Lake Tribe, celebrated a gaming milestone in Michigan this month.

The tribe shared more than $8.7 million in gaming revenues with the state and local communities. The payments put the tribe over the $60 million mark since Gun Lake Casino opened in February 2011.

“Once again we hit an important milestone in surpassing $60 million in revenue sharing contributions to the state and local governments,” Chairman D.K. Sprague said in a press release. “We know these funds have improved the quality of life in our community and helped to create jobs statewide through our contributions to the Michigan Economic Development Corporation.”

Under its Class III gaming compact, the tribe shares between 8 percent and 12 percent of electronic gaming revenues with the state. Another 2 percent is set aside for local communities.

The distributions are made twice a year. In addition to the most recent payment of $8.7 million, the tribe shared more than $7.9 million this spring.

Get the Story:
Gun Lake Tribe announces sharing payments over 60-million dollars (WKZO 12/8)
Gun Lake Casino sharing payments top $60M (The Grand Rapids Business Journal 12/8)

Related Stories:
Gun Lake Tribe awaits court action in long-running gaming case (10/06)
Gun Lake Tribe shares $7.8M in casino revenue with community (06/17)

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