Cheyenne-Arapaho casino would generate billions

Wednesday, May 19, 2004  

The Cheyenne and Arapaho Tribes of Oklahoma expect to generate billions on a Colorado casino within the first 10 years of operation, The Daily Oklahoman reports.

The developers of the project say the casino would bring in $500 million a year. After expenses and other costs, the tribes would make about $113 million a year.

Where does the rest go? Well the tribes say they will share $1 billion, over 10 years, to the state. So the tribes and the state are getting the same amount from the deal.

As for the rest, 39 percent of net profits would go to the developers for the first six years and 29 percent for the next six. After that, the tribes would have total control over the casino.

The developers include Steve Hillard, a Colorado businessman, and some Alaska Native corporations.

Get the Story:
Tribes propose casino to end Colorado land claim (The Daily Oklaoman 5/19)
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