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Cherokee Nation Businesses reports softer gaming trends, Arkansas trial continues and workforce data
Summary
A Cherokee Nation Businesses (CNB) representative told the Executive and Finance Committee that global gaming revenues slipped in February, a federal bench trial in Arkansas over a casino license is wrapping up and the tribe’s workforce numbers and Native hiring percentages were reported.
Molly Jarvis, speaking for Cherokee Nation Businesses, told the Cherokee Nation Executive and Finance Committee on March 27 that CNB saw a pullback across the gaming industry and a mix of financial outcomes across subsidiaries.
Jarvis, presenting in place of CNB CEO Chuck Garrett, said the CNB financial report showed “all areas trending down from prior year and budget” for February, though she noted one subsidiary, described in the report as Cherokee Nation Mission Solutions, posted higher-than-budgeted EBITDA for the month. She said year-to-date consolidated net income for the CNB group, “without the ARPA funds received,” was up 11% compared…
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