The other 37 percent of profit is invested in tribal programs and services. The tribe has 400,00 members, 145,000 of whom live on the reservation. The tribe says it invests 63 percent of its profits in businesses that create jobs and opportunity for tribal members. It borders Kansas, Missouri, and Arkansas, providing access to customers from those three states and Oklahoma Dallas, Texas, is close enough to be a viable market. The Cherokee Nation is in northeast Oklahoma. The tribe’s casinos have provided the means to develop other businesses, including purchasing the Gold Strike for cash. Still, the core and most profitable business is casino gambling. In the tribe’s 45 business enterprises, it employs 11,000 people. The tribe also owns companies offering consulting, health-science, real-estate, technology, distribution, engineering, manufacturing, construction, and environmental services. Overall, the tribe has been very successful with its casinos. In Oklahoma, the tribe owns and operates 10 casinos, nine under their brand and one as a Hard Rock. The Cherokee are looking to expand their business interests beyond their home state.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |