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Cherokee Nation Businesses reports lower March revenue but favorable EBITDA; workforce nearly 68% Native
Summary
At the April 24 Cherokee Nation Executive and Finance Committee meeting, Cherokee Nation Businesses reported March revenue below plan but expense reductions produced EBITDA better than budget; the company said nearly 68% of its applicable workforce is Native.
At an April 24 meeting of the Cherokee Nation Executive and Finance Committee, Molly Jarvis, a representative of Cherokee Nation Businesses, said March revenue was lower than anticipated but expense savings produced a consolidated EBITDA that was favorable to budget.
"So March was a strong month for CMB, and the company is focused on results," Jarvis said, summarizing the month’s performance.
Jarvis told committee members that gaming net income and EBITDA were roughly consistent with budget for March…
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