|| Print ||
|Articles - November 2010|
|Thursday, October 21, 2010|
Page 3 of 6
Justin Martin was 13 years old in 1983 when the Grand Ronde tribe won back recognition from the federal government after having been “terminated” as a federal tribe in 1954. He remembers his mother being jazzed about the news, but he had no premonition of how significantly it would alter his life and his community until he went in October 1995 to visit what he assumed was the tribe’s new bingo hall, only to be blown away by the magnitude of the Spirit Mountain Casino. In the 15 years since, Martin has earned an advanced degree from Harvard and built a powerful lobbying business in Salem, and the Grand Ronde have grown to more than 5,000 members who receive free health care, scholarships and even per capita annual payments from casino profits.
Tribes are not required to release detailed financial information to the public, but a recent report by two economists hired by Oregon tribes offers a window into a lucrative industry. Robert Whelan and Alec Josephson of ECONorthwest found that Oregon’s tribal casinos employed 5,614 people in 2008 and generated nearly $1.64 billion in economic output on revenues of $577.6 million.
Given that Spirit Mountain contains about a third of the tribal gaming machines statewide and is the closest casino to Portland, it’s safe to estimate that the Grand Ronde tribe earns about $200 million per year in net revenues at Spirit Mountain (total sales minus complimentary goods and services given away). Since setting up the casino the Grand Ronde tribe has earned more than $833 million in gaming profits (amount bet minus payouts).
But Martin is quick to point out that “12 or 13 years of economic success don’t come close to fixing the problems of the past 150 years.” True, unemployment and alcohol and drug addiction rates have improved among tribal members, he says. But they are still worse than the national averages. In addition, there’s no guarantee that the cash cow that has brought the tribe its recent prosperity will continue producing.
The Grand Ronde face increased competition from the state and constant demands to continue funding expensive tribal programs and to pay for a recent slew of ambitious upgrades at the casino. “Just like any other government we’re facing problems with how to fund our programs,” says Martin. “It’s been a challenge. We’re under pressure to pay off debts.”
Still, unlike other tribal casinos in more rural areas and larger players in the business, the Grand Ronde have not been forced to lay off workers. They employ 1,500 people at Spirit Mountain, and ubiquitous transit and billboard ads in Portland boast that the Spirit Mountain Community Fund has generated more than $50 million for worthy projects.
Bruce Studer, the Lake Oswego financier who came up with the idea for Oregon’s first non-tribal casino, is unimpressed with that figure. “They’ve done $50 million in their entire history,” he says. “We would do $150 million a year.”
Friday, March 28, 2014
BY TOM COX | OB BLOGGER
The next mysterious (or disastrous) event could be one that you or your team might suddenly need to respond to, probably under intense scrutiny.
Tuesday, March 04, 2014
BY DEBRA RINGOLD | GUEST CONTRIBUTOR
How can we strengthen the performance of institutions charged with teaching what Francis Fukuyama calls the social virtues (reciprocity, moral obligation, duty toward community, and trust) necessary for successful markets and democracy itself?
Thursday, March 06, 2014
BY HANNAH WALLACE | OB BLOGGER
The founder of Pacific Foods talks about why his company has flown under the radar in Oregon, how saving a family-run chicken hatchery has helped his bottom line and why he thinks organic food is anything but elitist.
Friday, April 04, 2014
BY ERIC FRUITS
The rapidly rising cost of higher education has left even the smartest researchers and the wonkiest of wonks wondering what’s happening and where’s all that money going. More and more, prospective students—and their families—are asking: Is college worth the cost?
Tuesday, February 25, 2014
BY LINDA BAKER
Les Schwab has put a premium on customer service since 1952, when legendary namesake Les Schwab founded the company with one store in Prineville. (Schwab died in 2007.) But if the corporate principles remain essentially the same, the world around this iconic Oregon business has changed dramatically.
Monday, March 03, 2014
Check out interviews with employees from some of the 100 Best Companies to Work For in Oregon winners and find out what makes their company a great place to work.
Friday, March 14, 2014
BY TOM COX | OB BLOGGER
Five books that will make you a better leader.
|How Doug Badger spends his downtime|
|Port at a crossroads|
|100 Best awards 2014|
|Our man in Congress|
|U.S. consumer inflation rises: higher food, rent costs|
|U.S. Airways apologizes for tweeting explicit image|
|Bubba Watson wins second Masters Tournament|
|Excessive TV linked to poorer sleep in children|
|Obama names new U.S. health secretary|
|Google Glass on sale for one day|
|U.S. jobless claims at lowest since 2007|
Marketing the state brings new business, new jobs and a better quality of life for everyone.
Living in the beautiful Pacific Northwest means enjoying our wonderful surroundings, while remaining aware of the multiple types of natural disaster threats that we face: winter storms, windstorms, floods, landslides, earthquakes, volcanoes and tsunamis.“
Oregon State University's hospitality degree program invests in next-generation leaders.
NAI Norris, Beggs & Simpson just completed their newly rebranded First Quarter Market Reports. Not only does it feature a brand new format, but the report ensures accuracy due to the annual truing up of their database.
Samuel Hernandez, an Associate at Barran Liebman, is the recipient of a 2014 Oregon State Bar Litigation Section Rising Litigator Award.
On March 14, 2014 Governor Kitzhaber signed House Bill 4050 into law. Introduced by the Oregon Association for Health Underwriters (OAHU), HB 4050 gives small businesses the option of self-insuring for their health benefits.