March 13, 2013
On March 13, 2013 the Osage Nation Gaming Enterprise Board presented the Annual Report at Wakon Iron as instructed by ONCA 07-30. In attendance were distinguished members of the Executive and Legislative branches as well as members of the public.
During the presentation, it was announced in fiscal year 2012
revenue increased by 9.2% and expenses were reduced by 2% and $38M was distributed to the Osage Nation.
Chris Kiel, the first Osage Professional Leadership Society graduate spoke regarding the impact the program has made on developing his leadership and management skills.
McGladrey, Assurance Director, Bryan Gansen delivered the audit presentation for the year ending September 30, 2012. The audit report conclusion was an Unqualified Opinion on combined financial statements of the Osage Casinos. Mr. Gansen clarified; such an opinion states that the audit indicates the company followed all accounting rules appropriately and that the financial reports are an accurate representation of the company's financial condition.
Square One Consultants, President Kevin Fleming and Project Manager Tim Dakai provided a presentation which featured a video walk-through of the projects in Skiatook and Ponca City. Included in the presentation were current construction status updates, project photos, artist renderings of the interior and exterior, the color and materials palettes, and layouts of both the rooms and amenities.