2021 Mid Year Membership Book.pdf

year to decide on the Tradeshow budget, and then as needed or called upon by the NIGA Board of Directors. The Management Board will be a collaborative relationship with NIGA maintaining ultimate veto power over decisions, but recognizing the financial interests of Clarion and NIGA in maximizing profits. 5. The partnership will remain for a minimum of 10 years (duration of the loan). Within the term, every 10 years each side will have an opportunity to end the operational agreement, the financial agreement will end upon repayment. 6. All “live” event revenues created by Clarion in North America must be included in this partnership to ensure alignment (ie. other gaming tradeshows Clarion hosts, such as “Juevos” in Florida), as does all NIGA event revenue (except NIGA’s Commissioner Trainings). 7. Clarion agrees to assist NIGA in our core mission, defending Indian Gaming. Clarion agrees to rely on NIGA’s expertise in the industry and promote Indian Gaming at other Clarion events such as ICE, and their North American Sports Betting Show. Re-Financing The NIGA Building To Secure Operating Cash The Deputy Director and I will approach the Poarch Creek Band’s financial arm that currently is the holder of the NIGA Building’s $1.8 million mortgage. With the building assessed at $10 million, there is considerable equity to borrow NIGA’s operating funds, if Poarch Band were to agree. We will pursue every avenue to continue the operational ability of the Association. Fortunately we have time to pursue all avenues along with the potential of generating significant Tradeshow income this July. This year’s Tradeshow revenue streams will primarily be from sponsorships and attendee registration. The Auditors will finish late this week, or early next week. The receipt of PPP money requires them to also conduct an audit on the use of those funds. We will arrange a phone conference with the Executive Officers to review the Audit results and our next steps. Jason Giles Executive Director

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