An American Indian tribe with three casinos in Michigan plans to open its first Indiana casino later this month.
The Four Winds South Bend casino will open Jan. 16, the Associated Press reports.
It's a venture of the Pokagon Band of Potawatomi Indians. That same tribe operates Four Winds casinos at three southwestern Michigan locations. The largest is in New Buffalo.
The new South Bend casino will feature four restaurants, three bars and about 1,800 games.
It is Indiana's first tribal casino. A study showed its operation is expected to cut the state's tax revenue by $350 million in its first five years, the AP said, because it won't pay state gambling taxes and it will reduce business at Indiana's other non-tribal casinos.
But some profits from the new casino will also be funneled back into the city.
The agreement between the tribe and South Bend calls for the tribe to pay an annual percentage of the casino's net win to the city, according to the South Bend Tribune.
The tribe has also agreed to pay millions into local initiatives in its first five years, including city schools, hospitals and recreation upgrades.
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