For the third year in a row, casino revenue sharing payments from the Grand Traverse Band of Ottawa and Chippewa Indians in Michigan have declined.
Twice a year, the tribe shares 2 percent of slot machine revenues with local governments. The payments are at their lowest level in more than a decade, The Leelanau Enterprise reported.
“The economy of the state is contracting and the entire country is facing a recession,” the tribe’s general counsel, John Petoskey, told the paper. “Business is down everywhere and it’s disappointing for everyone.”
The most recent payment was $927,378, the lowest since 1997.
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'2 percent' payments from tribe at 11-year low
(The Leelanau Enterprise 2/27)
Compacts
Decline in Grand Traverse Band casino payments
Wednesday, February 27, 2008
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