To: dusty who wrote (4787 ) 12/8/1998 1:33:00 PM From: Mr. Jens Tingleff Respond to of 7609
Hi Bill, thanks for the update, - How about that 10Q filing ? Here is (thanks to Randy) another article regarding among others Potawatomie / casinos. The article makes the point on reason / frame for Casinos on Native lands: Generate jobs and income.biz.yahoo.com Monday December 7, 7:08 pm Eastern Time Company Press Release SOURCE: Tribal Compact Committee Tribal Compact Committee: Indian Compacts Will Create 3,400 New Jobs in Michigan LANSING, Mich., Dec. 7 /PRNewswire/ -- A tribal-state gaming compact will ensure economic development, tribal self-sufficiency and employment in Michigan. The compacts are expected to generate more than 3,400 jobs, $215 million in economic development and $400-500 million in revenues. The Michigan House of Representatives is expected to consider a resolution this week concurring a compact negotiated between Gov. John Engler and leaders of Michigan's four newly reaffirmed federal tribes. The agreement, required by federal law, allows tribes to operate casinos on Indian land. Under the agreement, the Pokagon Band of Potawatomi Indians, Little Traverse Bay Bands of Odawa Indians, Little River Band of Ottawa Indians and the Nottawaseppi Huron Band of Potawatomi Indians will contribute approximately $29 million a year to the state. Each tribe will be required to make payments to the Michigan Renaissance Fund in an amount equal to eight percent of net revenues derived from slot machines at the casino. The Renaissance Fund currently funds 10,000 scholarships for high tech training at Michigan Community Colleges. The four casinos will make an initial investment of over $215 million in construction cost alone. This investment will support more than 2,500 construction jobs in out-state Michigan. The casinos will create 3,400 new jobs supported by more than $400 million in new revenues. The gaming compacts will help the tribes continue the path toward self-sufficiency. ''We've seen in Michigan how tribal gaming has helped strengthen tribal government and promote self-sufficiency,'' said Mike Wesaw, Treasurer of the Pokagon Band. ''Tribal gaming has enabled tribes to provide jobs, housing, education, health care and, especially care for our elders. If not for the perseverance of our elders, we wouldn't be where we are today.''Concurrence of our compact provides the tribes the ability to pursue economic development opportunities,'' said Bob Guenthardt, Tribal Chairman of the Little River Band of Ottawa Indians. ''Tribes began operating gaming establishments for one reason, to generate revenues to help tribal members.'' Tribal gaming is a $600 million industry in Michigan and growing annually. More than five million visits are made annually to Michigan casinos. Michigan Native American gaming operations today provide over 5,000 jobs in perennially depressed northern Michigan -- nearly 36 percent to Native Americans. The gaming establishments are also generating countless indirect employment opportunities in nearby hotels, restaurants and other tourism-related jobs. In several counties, including Baraga, Isabella, Leelanau and Chippewa, Native American gaming enterprises are the largest private sector employer in the county. According to a study, 34 percent of those working in Native American gaming enterprises were on welfare or other government assistance programs prior to getting their jobs; 38 percent were unemployed; and another 17 percent were part-time workers who are now working full time. SOURCE: Tribal Compact Committee