The Gun Lake Tribe has announced its fall revenue sharing payments. The state of Michigan received $5,221,249 and the local revenue sharing board received $2,261,699. GLIMI, an economic development entity, received $1,566,375. The figures are calculated from electronic gaming revenues reported from April 1, to Sept. 30, 2018.
“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 of the Gun Lake Tribe. “Our economic impact study confirms that our success supports thousands of great jobs while providing substantial benefits to Michigan’s economy.”
Last week, the tribe released the findings of an economic impact study showing the tribal government, Casino and Gun Lake Investments added $1.5 billion to Michigan’s economy from 2011-2017. The tribe’s annual economic impact contributes $228 million to the state’s economy while supporting 2,600 jobs.
The tribe has shared more than $80 million with the State of Michigan, which directs the payments to the Michigan Economic Development Corporation. The MEDC awards grants to businesses to invest in Michigan and create jobs.
Gun Lake Casino opened in February 2011 and employs more than 1,000 team members. The tribe has now shared $118,368,404 with state and local governments over 16 distributions.