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Osage Casinos shares record breaking distribution to Osage Nation

Osage Casinos also reports they are debt free on the property developments of the Pawhuska and Bartlesville casinos, with plans to expand the existing facilities in Sand Springs and Ponca City.

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.” 

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  • Osage News Staff

    Stories that are not primarily written by an Osage News staff member will have a “Osage News” byline. These stories include press releases and other community content that was drafted by someone externally but reviewed and approved for publication by Osage News. As an independent news organization, we strive to report news and information with fairness and balance. While being the official news organization of the Osage Nation, we base our news judgements on our loyalties to our readers and Osage citizens, and we are not directly beholden to the Executive, Legislative, or Judicial branches of the Osage Nation.

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Osage News Staff
Osage News Staffhttps://osagenews.org
Stories that are not primarily written by an Osage News staff member will have a “Osage News” byline. These stories include press releases and other community content that was drafted by someone externally but reviewed and approved for publication by Osage News. As an independent news organization, we strive to report news and information with fairness and balance. While being the official news organization of the Osage Nation, we base our news judgements on our loyalties to our readers and Osage citizens, and we are not directly beholden to the Executive, Legislative, or Judicial branches of the Osage Nation.
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