Asheville Daily Planet
Front Page arrow News arrow Business: Casino payments to tribe dip as downturn cuts gambling
An Independent Weekly Newspaper Serving Greater Asheville
Thursday, 11 March 2010
   
Inside
Front Page
News
Opinion
Sports
Faith Notes
Police
Entertainment
UNCA
Archives
Events Calendar
Advertise
About ADP
Contact Us
Full Issue PDFs





Lost Password?
No account yet? Register
Business: Casino payments to tribe dip as downturn cuts gambling Print E-mail
Tuesday, 30 June 2009

CHEROKEE — Economic troubles have taken a toll on gambling at Harrah’s Cherokee Casino, resulting in a dip in casino payments to the Eastern Band of Cherokee Indians.

The tribe issued members per capita checks on June 1 for $3,892, down from $4,473 in December.

The tribe’s 14,000 members receive a check twice yearly from casino profits. About half of the money from the casino goes to tribe members and the other half goes to operate the tribe’s government.

Harrah’s Cherokee profits are not made public by the Eastern Band, but based on the payments, the casino brought in about $225.8 million over the last 12 months, down about 11 percent from the year before.

In January, Harrah’s Cherokee cut 5 percent of its workforce, or about 100 jobs, in the wake of a 15 percent drop in visitors.

 
< Prev   Next >

About ADP | Advertise | Terms of Service | Site Map

Copyright © 2005-2008 Asheville Daily Planet

224 Broadway St., Asheville, NC 28801 | P.O. Box 8490, Asheville, NC 28814
phone (828) 252-6565 | fax (828) 252-6567
 

A Cube Creative Design Site