"We'd love to see the Corporate Commission become a billion-dollar company someday," says Joe Nayquonabe, commissioner of corporate affairs. Joe Nayquonabe, the commissioner of corporate affairs at the Mille Lacs Band of Ojibwe, says Native American tribes are trying to diversify their source of revenue. Once the deal is finalized, the band will become the single largest hotel operator in the city. Last month, the Mille Lacs Band announced plans to purchase two hotels in downtown St. Now it's planning to grow its prosperity through a new business venture. Over the past two decades they've helped bring wealth and a return to self-sufficiency for this once impoverished Indian band. The casino is one of two owned by the Mille Lacs Band of Ojibwe in central Minnesota. At the moment, it's not too crowded, allowing some patrons to play at two slot machines at the same time. More than 18,000 slot machines create an orchestral blur of electronic entertainment at Grand Casino Mille Lacs. In a dramatic example of that diversification, one group of Native Americans is buying nearly half the hotel rooms in Minnesota's capital. But growing threats to that revenue due to competition from non-Indian gaming are forcing many tribes to look for other investment opportunities. For most, it's their largest source of income. Nearly half of all Native American tribes across the country are benefiting from casinos and other gaming revenues. The move is to diversify the tribe's business. The Mille Lacs Band says it's putting profits from its casinos into a hotel venture in downtown St.
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