04-30-2008, 01:39 PM
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News From Indian Country
 Join Date: Nov 2007
Location: Ojibwe Country
Posts: 2,935
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Cherokees to reinvest casino revenues
Tulsa, Oklahoma (AP)
The Cherokee Nation plans to use some of its $111 million in profits from its gaming operations to finance expansions at its casinos in Catoosa and West Siloam Springs. The tribe recently reported to its members that its casinos earned $418.6 million in the fiscal year that ended Sept. 30 while spending $20.4 million on gaming compact fees, $119.4 million on payroll and $167.2 million on operating expenses. |
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