Southwest Michigan Tribe Deploys Diversification Strategy
The northern Indiana and Southwest Michigan based Pokagon Band of Potawatomi tribe is redirecting money from its highly successful Four Winds Casinos into brick-and-mortar businesses outside of gambling to build its sovereign nation into an economic powerhouse. With fewer than 5,000 people, the Pokagon Band is looking ahead to the time when casino oversaturation could choke the revenue stream its experienced for many years.
“I’ve been waiting for a decade for tribes to get interested in non-gaming businesses,” said Fred Schubkegel, a partner at Varnum LLP in Kalamazoo specializing in American Indian law. “The Pokagons are having success because they’re set up to move at the speed of business.” -