The Gun Lake Tribe has announced the details of its fall revenue sharing payments.
The State of Michigan received $4,731,126, the local revenue sharing board received $2,117,954 and GLIMI, an economic development entity, received $1,419,338. The figures are calculated from electronic gaming revenues reported from April 1, 2017 to September 30, 2017.
“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, chairman of the Gun Lake Tribe. “The tribe’s reinvestment of $76 million into the casino expansion has paid off for tribal citizens, our team members and the community.”
The tribe celebrated the milestone revenue sharing payment Thursday at the Gun Lake Casino, when the Tribal Council was joined by members of the Local Revenue Sharing Board, including Wayland Township Supervisor Roger VanVolkinburg. Allegan County Sheriff Frank Baker joined the group to highlight the tribe’s separate donation to help purchase two K-9s.
The fall 2017 revenue sharing payment is 24 percent greater than the spring payment, and 19 percent more than the fall 2016 payment. This is the first payment to follow the May 3, 2017 opening of the casino expansion which doubled the size of the facility to increase electronic gaming machines by over 30 percent in number. The expansion opened one month into this six-month revenue sharing distribution period.
