indicated in their 3rd quarter update to shareholders that the Beloit development was discussed as a viable option. It is not uncommon for tribal business entities to participate in a variety of different businesses including casino management and development. Sovereign Wealth Fund (Section 17 Wholly Owned by the Ho-Chunk Nation), the entity focused on investments and building the tribal economy, is set to move forward with a proposal to support the overall development and success of the casino and surrounding area.
“We know that this project will keep our Nation strong.” This investment in gaming will bring back several times the return so that we can invest in other economic opportunities as well as addressing the critical needs of our people,” Ho-Chunk Nation Legislature Vice President Karena Thundercloud said in a statement on Friday.
“The Beloit project will be underway just as we are reckoning with the economic uncertainty and confident recovery from the pandemic.
