gun lake casino revenue sharing board 2018

The Tribe’s business operations are also not dependent upon tax abatements as a means to justify reinvestment.

This results in much larger payments to units of government than corporate tax payments. The Tribe’s revenue sharing payments are based on a percentage of gross revenue not on much smaller profit figures. The expanded gaming area enabled revenue to grow by nearly twenty-five percent. The benefits were immediate to the surrounding community with dozens of new construction jobs, and over 100 new permanent employment positions offered. The Tribe reinvested $76 million into an expansion of Gun Lake Casino that opened on May 3, 2017. “These economic impacts are growing through employee wages, vendor spending and state and local revenue sharing payments.”

“We are proud to continue offering great benefits to the local community in the form of jobs and revenue sharing payments,” said Scott Sprague, Chairman of the Gun Lake Tribe. The figures are calculated from electronic gaming revenues reported from Octoto March 31, 2018. GLIMI, an economic development entity, received $1,280,401. The State of Michigan received $4,268,003, and the local revenue sharing board received $2,134,001. (Bradley, Mich.) – Today, the Gun Lake Tribe (Tribe) announced details of its spring revenue sharing payments. James Nye Tribe’s Contributions to Area Communities Improving Quality of Life

Gun Lake Tribe Shares $7.6 Million in Revenue Sharing Funds with State and Local Governments

Gun lake casino revenue sharing board 2018