The Keweenaw Bay Indian Community is celebrating its 40th annual Maawanji'iding Pow Wow from July 27-29, 2018, at the Ojibwa Campgrounds in Baraga, Michigan. Photo: KBIC

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Keweenaw Bay Indian Community shares $1.3 million in gaming revenues

Friday, July 27, 2018

The Keweenaw Bay Indian Community shared more than $1.3 million in gaming revenues with local and state governments in Michigan.

Twice a year, the tribe shares 2 percent of its slot machine net win with local governments. The first payment of 2018 came to $263,469.59, according to Michigan Gaming.

The tribe also shares 8 percent with the state. The amount totaled $1.05 million.

The payments are derived from revenues at the tribe's two Ojibwa Casino facilities, both of which are undergoing expansions.

According to the July 2018 issue of Wiikwedong Dazhi-Ojibwe, the tribe's newsletter, the first phase of the expansion at the casino in Marquette will cost nearly $36 million. The first phase in Baraga will cost $3.2 million.

"A $40,000,000.00 loan will fund these Casino Projects," the newsletter reads. "The Tribe has $20,000,000.00 cash collateral."

Phase one at Marquette includes a larger gaming floor, two dining options and a 1,200-seat entertainment venue. The casino in Baraga will see numerous renovations and upgrades to the property in the first phase.

Read More on the Story:
KBIC offers up payments to local government entities (The Marquette Daily Mining Gazette July 27, 2018)