The Osage Nation government recently received a boost from Osage Casinos.
According to a prepared release, Osage Casinos distributed an additional $2.3 million to the Nation for its government operations following a successful year of financial performance. They currently distribute $75 million annually.
“We have made incredible strides toward a standard of excellence in all aspects of our business,” said Osage Casinos CEO Kimberly Pearson. “This distribution and our plans for the year ahead attest to Osage Casinos’ commitment to supporting our Nation and the momentum of our hard-working team. We’ll continue this energy as we seek to provide increased economic support for our Nation and top-quality entertainment.”
The increased distribution follows a successful audit that led to the 6.2% budget surplus. The decision marks the largest tribal distribution on record for the Nation, according to the release.
In addition to the approved plans for distribution and strong audit outcomes, the Nation’s Gaming Enterprise has built an emergency fund and achieved debt-free status on the construction of the new property developments in Pawhuska and Bartlesville.
Over the last two years, Osage Casinos opened two new hotel casinos in Bartlesville and Pawhuska, upgraded the Tulsa location with the addition of Coney Island and Swigs, a full-service bar and lounge area, updated the pool and outdoor recreation area in Skiatook, and launched plans to expand existing facilities in Sand Springs and Ponca City, according to the release.
“We are proud of the accomplishments and the outcome this brings for the Osage Nation. The team at Osage Casinos has put in the work to provide world-class gaming for thousands of visitors and continues to be the largest contributor to the annual budget of the Osage Nation,” shared Claudette Carnett, Chair of the Nation’s Gaming Enterprise Board. “Our leadership is diligent and we will continue moving forward to support the Osage people.”