Butler National Corp. reports the approval of a management contract for Class II and Class III gaming in Oklahoma;.OLATHE, Kan.--(BUSINESS WIRE)--Jan. 15, 1997-- A Summer 1997 opening is expected Butler National Corp. reported that a Management Contract between the Miami and Modoc Tribes of Oklahoma and Butler National Service Corp. for the construction and operation of a Class II and Class III Indian Gaming establishment was approved by Harold A. Monteau, chairman of the National Indian Gaming Commission, on Jan. 14, 1997. The establishment, to be known as the Stables, will offer Class III (Off-Track Betting off-track betting n. Abbr. OTB A system of placing bets away from a racetrack. "OTB OTB abbr. off-track betting OTB n abbr (US) (= off-track betting) → apuestas hechas fuera del hipódromo OTB n abbr (US) (= off-track betting ") along with Class II (high-stakes bingo) on Modoc Tribal lands adjacent to Tribal headquarters on G Street in Miami, Okla. Butler National will consult with the development and will manage the Stables for the tribes. The Stables is planned to operate in a new 22,000 square-foot building. The complex will contain off-track betting windows, a bingo hall, sports bar and restaurant. The approved Management Contract was originally filed by the Tribes in September 1994. The contract term is five years with a two-year conditional option. Butler National, as the Manager, will receive a 30% share of the profits. Tribal leaders have pledged 2% of their gaming proceeds to the State of Oklahoma and 2% to Ottawa County Ottawa County is the name of four counties in the United States:
The Stables will be located about one mile west of Interstate 44, one of the most heavily travelled highways between the Midwest and the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . Butler National and the Miami and Modoc Tribes expect that this facility will draw from the local-area residents, area tourists and travelers along I-44. Major cities within an easy drive of the property include: Branson, Joplin, Carthage, and Springfield, Mo.; Fort Scott General Winfield Scott, former General-in-Chief of the U.S. Army, was the namesake for four places named Fort Scott:
tr.v. pop·u·lat·ed, pop·u·lat·ing, pop·u·lates 1. To supply with inhabitants, as by colonization; people. 2. retirement communities in northwest Arkansas. Management Comments: "We are pleased that the Miami and Modoc Tribes received final approval for their Stables gaming establishment. Butler National is proud to be selected to assist with the development and to manage this joint venture between these two leading Indian tribes. This approved contract is unique because it is a cooperative venture between two Indian tribes and should be Oklahoma's first Class III gaming facility. "I am happy that the Stables requires no further approvals. The State of Oklahoma, the National Indian Gaming Commission and the Secretary of the Interior have all approved the Stables. The City of Miami, Oklahoma
Miami is a city in Ottawa County, Oklahoma, United States. The population was 13,485 at the 2006 census. It is the county seat of Ottawa CountyGR6. , and the Miami Agency of the Bureau of Indian Affairs The Bureau of Indian Affairs (BIA) is an agency of the federal government of the United States within the Department of the Interior charged with the administration and management of 55.7 million acres (87,000 sq. have been very cooperative and assisted with the extended approval process. We expect to have the facility operational in the summer of 1997. We expect management fees from the Stables to make a significant contribution to Butler National's revenues and earnings," said Clark D. Stewart, president of the company. Our Business: Butler National Corp. operates in the Aerospace and Services business segments. The Services segment includes food distribution, electronic monitoring of water pumping The pumping of water is a basic and practical technique, far more practical than scooping it up with one's hands or lifting it in a hand-held bucket. This is true whether the water is drawn from a fresh source, moved to a needed location, purified, or used for irrigation, washing, or stations, temporary employee services, Indian gaming management services and administrative management services. Aerospace includes the manufacture of airborne electronic switching equipment for McDonnell Douglas McDonnell Douglas was a major American aerospace manufacturer and defense contractor, producing a number of famous commercial and military aircraft. It merged with Boeing in 1997 to form The Boeing Company. and structural modification of business aircraft. For more information, or for a complete copy of Butler National's latest 10-Q, contact the individual listed below. CONTACT: Butler National Corp. Edward J. Matukewicz, 913/780-9595 fax, 913/780-5088 1546 E. Spruce Rd. Olathe, Kan. 66061 |
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