Since Gun Lake Casino opened in 2011, it has expanded several times, including a $76 million, 73,000-square-feet expansion completed in 2017. The newest $100 million expansion takes the Tribes total investment in assets to $415 million.
The Gun Lake Tribe has shared more than $136 million with state and local governments, including more than $91 million with the State of Michigan, since Gun Lake Casino opened in February 2011.
Most recently, the Gun Lake Tribe announced its fall revenue sharing payments of more than $5.6 million to Michigan, nearly $2.4 million to the local revenue sharing board, and $1.68 million to GLIMI, an economic development entity. The figures are calculated from electronic gaming revenues reported from April 1, 2019 to September 30, 2019.
“This revenue sharing distribution to the state and local communities allows us to continue the mission of Gun Lake Casino by providing a thriving work environment for our Team Members, endless opportunities for our Tribal Citizens, and dedicated service to the quality of life for Michigan’s citizens,” said Bob Peters, Chairman of the Gun Lake Tribe. “We recently announced expansion of Gun Lake Casino to add great new amenities and experiences for our guests, and this will provide deeper revenue sharing distributions and career opportunities into the future.”
The Tribe’s state revenue sharing payments are dependent on the continued preservation of exclusive gaming rights within its competitive market area, as defined by the Tribal-state gaming compact, which also includes statewide expansion of certain lottery games. The market area includes the cities of Grand Rapids, Kalamazoo, and Lansing, as well as the entire counties of Kent, Kalamazoo and Ingham, among others.
The State of Michigan directs its more than $91 million in payments from the Tribe to the Michigan Economic Development Corporation (MEDC). The MEDC in turn awards grants to businesses to invest in Michigan and create jobs.
Gun Lake Casino, which employs over 1,200 team members, is currently undergoing a $100 million expansion to add 72,000 square ft to the existing 156,000 square ft by summer 2021. A retail sportsbook may become part of those expansion plans — as legislation to permit retail sportsbooks at existing Michigan casinos and online gaming awaits the Governor’s signature.