HomePublicationsNewsletter ArchiveVolume 25Issue 16GUN LAKE TRIBE SHARES $8.2 MILLION TO BENEFIT LOCAL SCHOOLS AND THE COMMUNITY

Per a press release dated June 4, 2019, The Gun Lake Tribe (Tribe) announced details of its spring revenue sharing payments. The State of Michigan received $4,603,777 and the local revenue sharing board received $2,301,883. GLIMI, an economic development entity, received $1,381,130. The figures are calculated from electronic gaming revenues reported from October 1, 2018 to March 31, 2019.

“We are pleased to continue sharing revenue with the local community,” said Bob Peters, Chairman of the Gun Lake Tribe. “The compact payments fund important local services, and K-12 public education programs, that greatly enhance the quality of life in our area.”

The Tribe’s state revenue sharing payments are dependent on the continued preservation of exclusive gaming rights within its competitive market area, as defined by the tribal-state gaming compact, which also includes statewide expansion of certain lottery games.

 The Tribe has now shared more than $80 million with the State of Michigan, which directs the payments to the Michigan Economic Development Corporation. The MEDC in turn awards grants to businesses to invest in Michigan and create jobs.

Gun Lake Casino opened in February 2011 and now employs over 1,100 team members. The Gun Lake Tribe has now shared $126,655,194 with state and local governments over seventeen (17) distributions.

 

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