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State Audit Finds Indian Gaming Profit up 23 Percent from 200023 June 2005
Las Vegas Sun
MADISON, Wisconsin -- Wisconsin's 11 Indian tribes reported a 23 percent increase in profit -- nearly $100 million more -- from their Las Vegas-style casinos over four years, according to a state audit released Wednesday.
The tribes also saw a 34 percent increase in revenue between last year and 2000, the Legislative Audit Bureau said after reviewing independent financial audits the tribes submitted under terms of their gaming compacts with the state.
The tribes earned $516.3 million from their casinos on revenue of $1.2 billion last year, according to the audit. That compares with $418.7 million on revenue of $889.5 million in 2000.
Ken Walsh, a spokesman for the Forest County Potawatomi Tribe, which operates one of the largest casinos in the state, said the growing revenues from gaming mean more jobs, more business with local vendors and more money for the state.
Copyright © Las Vegas Sun. Inc. Republished with permission.