Tribe makes $8.2M revenue-sharing payment
A West Michigan tribe has distributed a 24-percent higher revenue-sharing payment to state and local governments than it did in the spring.
The Gun Lake Tribe in Shelbyville — which owns Gun Lake Casino in Wayland — said last month it paid $4,731,126 to the State of Michigan, $2,117,954 to the local revenue-sharing board and $1,419,338 to GLIMI, an economic development entity supervised by the state.
The total revenue-sharing payment the tribe made this fall was $8,268,418, up 24 percent over the spring payment and 19 percent over the fall 2016 payment.
The figures are based on a percentage of the casino’s electronic gaming revenues reported from April 1 to Sept. 30.
“This is a very special distribution because of the significant increase in revenues due to the expansion, and because we have surpassed the $100-million milestone,” said Scott Sprague, Gun Lake Tribe chair. “The tribe’s reinvestment of $76 million into the casino expansion has paid off for tribal citizens, our team members and the community.”
The Gun Lake Tribe now has shared $101,636,676 with state and local governments over 14 distributions.
This is the first payment to follow the May 3 opening of the casino expansion, which doubled the size of the facility and increased electronic gaming machines by more than 30 percent in number.
The expansion opened one month into this six-month revenue sharing distribution period.
The tribe and the State of Michigan executed a gaming compact in 2007 wherein the tribe agreed to share a percentage of electronic gaming revenues with the state and local governments.
Revenue-sharing payments are distributed semi-annually under the terms of the compact.
Tribal revenue sharing
The local revenue-sharing board receives and administers the semi-annual payments.
The gaming compact prescribes mandatory funding to local municipalities for costs incurred due to the operation of the casino, public safety services and replacement of tax revenue.