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Displaying items by tag: MatchEBeNashSheWish Band of Pottawatomi Indians

Thursday, 19 May 2022 17:06

Gun Lake Casino breaks ground on $300M expansion with resort-style ‘aquadome’ venue

WAYLAND — Gun Lake Casino today officially broke ground on its $300 million expansion that includes a 15-story hotel and multi-purpose “aquadome” enclosed pool space that will double as a nightlife venue.

Sunday, 24 April 2022 18:49

MiBiz Growth Report: April 25, 2022

Here is the MiBiz Growth Report for April 11, 2022.

Published in Economic Development
Monday, 11 April 2022 20:27

Newly promoted Gun Lake Casino CEO outlines vision for continued expansion

WAYLAND — In his four and a half years running Gun Lake Casino, Sal Semola has been an architect of growth in helping the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians strategically expand and solidify its gaming enterprise.

Published in Economic Development

Monday, 03 January 2022 06:00

King named permanent CEO of Gun Lake Investments; activity to accelerate in 2022

Gun Lake Investments started 2022 with a permanent CEO in place and plans to become more active in the market.

Published in Finance
Thursday, 01 October 2020 10:39

Sports betting set to launch at Gun Lake Casino

WAYLAND — Sports betting will kick off at Gun Lake Casino on Saturday with the formal launch of the Wayland-based casino’s new Stage 131 Sportsbook and Lounge.

Published in Economic Development
Sunday, 19 July 2020 17:28

Casino closures make case for Michigan tribes’ further economic diversification

In mid March of this year, all 24 of Michigan’s tribally operated casinos fell silent, their more than 22,280 slot machines spitting out their final paydays for lucky patrons or taking one last injection of cash for the house.

Published in Economic Development

Sunday, 07 June 2020 19:10

Tribally owned firm secures $161M federal contract, expands GR headquarters

GRAND RAPIDS — A federal contracting firm owned by Waséyabek Development Co. LLC has begun work on a five-year, $161 million contract with the Department of Energy to provide site operations and support services at three National Energy Technology Laboratory locations. 

Published in Economic Development
Sunday, 12 April 2020 10:14

MiBiz Growth Report: April 12, 2020

This is the MiBiz growth report for April 12, 2020.

Published in Economic Development
Thursday, 09 April 2020 04:03

Michigan tribes awarded $4.5 million in COVID-19 funding from HUD

Michigan’s 12 federally recognized Native American tribes have been awarded $4.5 million in block grants for affordable housing activities to protect the health and safety of their tribal citizens during the COVID-19 pandemic. 

Published in Economic Development

Sunday, 23 February 2020 19:05

Michigan tribes awarded $15 million in HUD grants for affordable housing

Twelve Michigan-based Native American tribes will receive nearly $15 million in federal grants to support affordable housing for their communities. 

Published in Economic Development
Sunday, 19 January 2020 17:54

Michigan tribes make early moves as online gaming, sports betting takes shape

Michigan officials are still months away from finalizing rules on internet gaming and sports betting, but some Michigan-based Native American tribes are taking early steps to participate in the newly legalized industry. 

Published in Economic Development
Sunday, 19 January 2020 13:09

EDITOR’S NOTEBOOK: Tribes reiterate commitment to GR with McKay Tower deal

More than a decade ago, Grand Rapids business leaders lobbied hard to block the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians, known locally as the Gun Lake Tribe, from opening a casino near Wayland. 

Groups like 23 is Enough and MichGO drove the narrative that any casino development south of Grand Rapids would “siphon off” jobs and investment from the city’s then-rebuilding downtown, limiting growth in entertainment options and economic opportunity alike. They cited a study commissioned by the Grand Rapids Area Chamber of Commerce in the early 2000s that estimated $880 million of “economic hemorrhaging” in the surrounding counties if Gun Lake Casino were ever allowed to move forward. 

Looking around downtown Grand Rapids today, it’s hard to find evidence that their worst fears were in any way realized. 


Wednesday, 15 January 2020 15:13

Tribes partner in $17.5 million purchase of iconic McKay Tower in Grand Rapids

GRAND RAPIDS — Tribally owned Gun Lake Investments and Waséyabek Development Co. have jointly acquired McKay Tower in downtown Grand Rapids, MiBiz has learned.

Wednesday, 16 October 2019 11:07

Gun Lake Casino plans $100 million expansion

WAYLAND — A 72,000-square-foot expansion at Gun Lake Casino will allow the operation to grow its gaming, restaurant and entertainment options. 

Sunday, 18 August 2019 17:30

INDIAN COUNTRY: Tribes grapple with how to approach cannabis economically, legally

Native American tribes that want to participate in Michigan’s fledgling cannabis industry face many bureaucratic hurdles.

Published in Economic Development

Sunday, 23 June 2019 19:00

‘Perfect fit:’ Gun Lake Investments invests in Stockbridge project amid push into real estate deals

GRAND RAPIDS — Tribally-owned Gun Lake Investments is making an active push into the West Michigan commercial real estate market with an investment in a high-profile redevelopment and three property acquisitions so far this year, MiBiz has learned. 

Sunday, 11 November 2018 20:13

Blackford Capital sells Dickinson Press in first exit for Michigan Prosperity Fund

GRAND RAPIDS — Even when it first acquired Dickinson Press LLC more than three years ago, Blackford Capital saw Brainerd, Minn.-based CJK Group Inc. as a potential buyer.

Published in Finance
Friday, 28 September 2018 20:45

After participating in Blackford acquisition, Gun Lake Investments eyes more deals

Blackford Capital’s latest deal brought a new investment partner to the table: Gun Lake Investments, the economic development arm of the Gun Lake Tribe.

Published in Finance

Sunday, 05 March 2017 20:23

MiBiz Growth Report: March 6, 2017

Here is the MiBiz Growth Report for March 6, 2017:

• M&A: American Grease Stick Co. of Muskegon was acquired last year by 3 Rivers Capital, a Pittsburgh, Pa.-based private equity firm. A manufacturer of branded automotive fluid transfer lines and related products for the automotive aftermarket industry, AGS has operations in Muskegon and the U.K. The company, which was founded in 1931, sells products through a variety of aftermarket retailers, including Advanced Auto Parts, AutoZone and Pep Boys, according to a statement. 3 Rivers purchased the company for $10 million from the Rosen family, according to a report in the Pittsburgh Business Times. The deal was backed by $9.75 million in subordinated debt and an equity co-investment from PNC Mezzanine Capital. JP Morgan Chase also provided debt financing for the transaction. Metz Lewis Brodman Must O’Keefe LLC of Pittsburgh served as legal counsel to 3 Rivers Capital. The sellers worked with investment banker Stout Risius Ross Inc. of Chicago.

Published in Breaking News