HomePublicationsNewsletter ArchiveVolume 24Issue 19GUN LAKE TRIBE SHARES $7.6 MILLION IN REVENUE SHARING FUNDS WITH STATE AND LOCAL GOVERNMENTS

Per a press release dated June 6, 2018, the Gun Lake Tribe (Tribe) announced details of its spring revenue sharing payments. The State of Michigan received $4,268,003, and the local revenue sharing board received $2,134,001. GLIMI, an economic development entity, received $1,280,401. The figures are calculated from electronic gaming revenues reported from October 1, 2017 to March 31, 2018.

“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. “These economic impacts are growing through employee wages, vendor spending and state and local revenue sharing payments.”

The Tribe reinvested $76 million into an expansion of Gun Lake Casino that opened on May 3, 2017. The benefits were immediate to the surrounding community with dozens of new construction jobs, and over 100 new permanent employment positions offered. The expanded gaming area enabled revenue to grow by nearly twenty-five percent.

The Tribe’s revenue sharing payments are based on a percentage of gross revenue; not on much smaller profit figures. This results in much larger payments to units of government than corporate tax payments. The Tribe’s business operations are also not dependent upon tax abatements as a means to justify reinvestment. Nor will the Tribe’s operations ever relocate overseas or to other states with lower business taxes.

As the tribal government and casino operations have grown, so too has the workforce. The Tribe is now the fourth-largest employer in Allegan County, at 1,300 positions. These jobs offer very competitive wage and benefit packages.

Since opening in February 2011, The Tribe has now shared more than $75 million with the State of Michigan and $109,319,081 with state and local governments over Fifteen (15) distributions.

 

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