Tribe makes $9M in revenue-sharing payments
A tribe in the area has distributed millions in revenue-sharing payments to the state and other entities.
The Gun Lake Tribe, or the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians, announced last month $9 million in fall revenue-sharing payments.
The state of Michigan received $5,221,249, the local revenue-sharing board received $2,261,699 and GLIMI — an economic development entity overseen by the state and the tribe's economic development arm, Gun Lake Investments — received $1,566,375.
The state directs its payments to the Michigan Economic Development Corporation, or MEDC, which awards grants to businesses to invest in Michigan and create jobs.
The figures were calculated from electronic gaming revenues reported from April 1 to Sept. 30, 2018.
Gun Lake Casino in Wayland Township opened in 2011 and employs over 1,000 team members.
“This revenue-sharing distribution validates development decisions made by Tribal Council and casino management to study market demand and place value on guest experience,” said Bob Peters, chairman, Gun Lake Tribe.
The Gun Lake Tribe said it has now shared $118,368,404 with state and local governments over 16 distributions.