Potawatomi casino posts flat revenue
The tribe revealed the fiscal year results that showed a 1.5 percent growth in net win to US$400 million.
US.- The Potawatomi tribe’s Milwaukee casino reported that gambling revenue increased 1.5 percent in the last fiscal year that ended July 31, a flat growth that copies the trend of modest increase in markets from the Midwest of the United States.
The net win at the Milwaukee casino during the 12 month period was US$400 million, as Journal Sentinel said that it’s an estimate based on payments that the tribe made to local and state governments. In the FY that ended in 2016, the casino raked in US$395 million, US$10 million more than the number reported in the summer of 2015. Mark Nichols, professor at the University of Nevada-Reno, said that the growth is slow by historical standards but at least it’s growing again, “at least it’s not declining.”
Earlier this year, the facility revealed its plans to expand its space to feature a second hotel tower. The operator has now announced that the project pending approval is expected to be finished by spring 2019. The construction of the 180.000 square feet tower will begin during the third quarter of the year and the casino will be operational during that period.
