Newspaper article THE JOURNAL RECORD

The Journal Record Business Briefs: June 7, 2011

Newspaper article THE JOURNAL RECORD

The Journal Record Business Briefs: June 7, 2011

Article excerpt

Cherokee Casino Fort Gibson to expand

FORT GIBSON - Cherokee Casino Fort Gibson officials recently broke ground on a new facility.

"We originally opened this casino in 2003 with just 12 employees," said Chad Smith, principal chief of the Cherokee Nation.

The expansion will add 74 jobs and increase total employment to nearly 190 employees.

The new 27,500-square-foot casino will have 500 electronic games, a restaurant and entertainment space.

Opened in March 2003, Cherokee Casino Fort Gibson was 4,870 square feet before a 2007 expansion increased it to 7,430 square feet. The current facility is nearly a quarter the size of the casino currently under construction.

"In less than 10 years and one expansion project, it became apparent that our guests needed a larger casino with more amenities," said David Stewart, chief executive officer of Cherokee Nation Entertainment. "Our employees and guests really enjoy the close-knit family atmosphere at the current casino, and that is something that won't be lost when we open the new building. They will have more room, more amenities and more games to enjoy."

Cherokee Nation Entertainment operates Hard Rock Hotel & Casino Tulsa, seven Cherokee Casinos, a horse racing track, four hotels, two golf courses and other retail operations.

- Staff report

Oneok Partners plans two-for-one unit split

TULSA - The board of directors of the general partner of Oneok Partners has approved a two-for-one split of the partnership's common units and Class B units.

"We believe this first-ever split will enhance liquidity for our unitholders and make Oneok Partners' units more accessible to a broader base of potential investors," said John W. Gibson, Oneok Partners chairman, president and chief executive officer.

The two-for-one unit split is expected to be completed on July 12 by a distribution of one unit for each unit outstanding. The record date is June 30.

After completion of the two-for-one unit split, the Tulsa-based partnership will have 130,827,354 common units and 72,988,252 Class B units outstanding.

- Staff report

Omni Air receives approval

TULSA - Omni Air International has received U.S. Department of Defense Commercial Airlift Review Board approval to provide B777- 200ER passenger airlift services for the Department of Defense. …

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