 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! |
Gaming News
Audit: Wisconsin Tribes Made $428.3 Million in Profit12 December 2002WISCONSIN – As reported by the (Wisconsin) Inter-County Leader: "An audit released last week shows Wisconsin's 11 American Indian tribes made $428.3 million in profits last year from almost $970.9 million in net revenues at their casinos throughout the state. "In the wake of the report, several lawmakers called for the state to demand more money from the tribes in exchange for extending the compacts that allow them to run the casinos. Those compacts begin to expire in August 2003. Gov.-elect Jim Doyle wants to negotiate a bigger chunk of that money for the state in exchange for longer compacts, spokesman Thad Nation said. "…Tribal profits were up $158.2 million from 1997 at the 24 casinos, an increase of 58.6 percent, according to the Legislative Audit Bureau. "…Tom Krajewski, a spokesman for the Forest County Potawatomi Community that runs two Wisconsin casinos, cautioned the state should not view the tribes' profits as an open pot of money to draw from as it tries to close a budget deficit expected to be $2.6 billion for the two-year period that begins July 1. "Krajewski said the tribe uses that money to finance a series of government expenses like water and sewer systems, nursing homes and economic development…" |