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Gun Lake Tribe announces fall casino revenue sharing payments

by
The Gun Lake Casino (photo courtesy Gun Lake Tribe)
The Gun Lake Casino (photo courtesy Gun Lake Tribe)

WAYLAND (WKZO) -- The Gun Lake Tribe says their latest revenue sharing payments with its casino operations are quite a hefty sum.  The state of Michigan will be receiving over 7.1-million dollars for the tribe's fall revenue sharing, while the local revenue sharing board in Wayland will receive nearly 1.7-million dollars.

The payments are made on a semi-annual basis as part of the tribe's compact with the state related to its gaming operations at the Gun Lake Casino, with payments made from figures calculated every spring and fall.  The local revenue share is set at two-percent, while payments to the state are made on a sliding scale of between eight-percent and twelve-percent.

The market area exclusivity as part of the agreement includes Kalamazoo, Kent, and Ingham Counties, as well as the cities of Kalamazoo, Grand Rapids, and Lansing.

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