Walmart Shareholders

16 • Walmart Shareholders • 6.2.2019 Dramatic growth has occurred in the Eastern Shawnee Tribe since 1984 when the tribe opened its first Bingo Hall. We weren't the first to have tribal gaming as the Seneca Cayuga and the Quapaws led the way. Our next gaming construction occurred in 1998 when we built a Travel Plaza which included a gaming center on Highway 10C. Both were quite successful, so we added on to the Bingo Hall three times and outgrew the Travel Center, building a separate casino there known as the Outpost. Next came Bordertown Casino and Bingo in 2003, the largest casino in Ottawa County at that time. Within just a few years, we knew we needed a hotel but we were landlocked and began looking to Highway 60. In 2012, we opened the first phase of Indigo Sky, a casino with about 1,300 machines, poker, table games, off track betting, bingo, fine dining, a 117-room hotel and a swimming pool. Three years later, in 2015, we repurposed our Bordertown Casino, creating a country western flair by adding a large entertainment area for bands and dancing. The unique aspect is an indoor arena complete with bucking bulls, cowboys, clowns, horses and cheering fans. We had plans for a second tower at Indigo Sky from the beginning, we just didn't announce them. Construction of more than 125 rooms, a 600-seat event center, additional space in the restaurant, kitchen and more conference rooms opened in early fall of 2017. Casino revenue is responsible for so many good things. I describe our tribe as a progressive tribe but we want to be good fiscal stewards. We believe in taking care of our tribal citizens. At least 50 percent of our profits go to assisting them. Our elders receive health assistance, insurance assistance, and tax assistance. All receive help with their utilities. We provide clothing for our school age children, special funds for junior and senior year school expenses, dental care, vision coverage, burial assistance. We are especially proud of the emphasis we place on education. We provide up to $4,500 per semester for our people to go to college or obtain vocational training. That means tribal citizens everywhere and we have tribal members living in all 50 states. We also provide grade incentives to students beginning in the sixth grade and continuing throughout their educational career. We reward them each time they complete a vocational training program or a degree, be it high school, GED, Associates, Bachelors, Masters, or Doctorate. Once they begin graduate school, the amount is increased, and if they enter law school or medical school, the scholarship increases to 8,000 per semester. Education is the route to improving lives and we want our tribal members to have that opportunity. Indigo Sky is the latest in steady growth for Eastern Shawnee Tribe SponSor Content NORTHWEST ARKANSAS DEMOCRAT-GAZETTE STAFF REPORT Regulators in Britain on April 25 rejected Walmart Inc.'s proposed sale of its U.K. subsidi- ary, Asda, to rival supermarket chain Sainsbury's. The companies then agreed to call off the deal. The Competition and Markets Authority's final report on the proposed merger concluded U.K. shoppers and motorists would be worse off if the deal went through. Stuart McIntosh, chairman of the agency's inquiry group, said in a news release its indepth investigation found the reduced supermarket competition would cause price increases, reductions in the quality and range of products available and a poorer overall shopping experience. Walmart agreed a year ago to sell Asda to Sainsbury's for about $9.4 billion. The Benton - ville-based retailer planned to keep a 42% stake in the merged company. Walmart acquired Asda in 1999 for $10.8 billion in what was its largest transaction until May 2018, when it bought a ma- jority stake in Indian e-commerce firm Flipkart Group for $16 billion. The merger would have created the U.K.'s largest grocery chain, surpassing Tesco. Asda earlier this month replaced Sainsbury's in the No. 2 spot, according to industry data from re- search firm Kantar. The April report was largely unchanged from a provisional report the agency released in February. In the earlier report, regulators identified 629 neighborhoods throughout the U.K. where the merger would create reduced competition. Both Asda and Sainsbury's pledged to sell stores, cut prices and make other concessions to earn regulators' approval. McIntosh said, however, "detailed analysis of the impact of the deal clearly showed that, overall, the merger would reduce competition in the market and is more likely to lead to price rises than price cuts." The agency also carefully considered indus - try developments such as increased competition from German discount grocery chains Lidl and Aldi, McIntosh said. These issues "did not allay its serious competition concerns about the merg- er," he said. Judith McKenna, chief executive officer of Walmart International, said in a news release that, while Walmart is disappointed with the regulato- Walmart cancels proposal after U.K. nixes Asda deal Regulators say merger would harm shoppers, motorists See PROPOSAL, Page 18 Find us on Facebook at: Cupids Lingerie Bentonville 3600 S.E. Guess Who Dr. Bentonville 479-802-6223 www.shopcupids.com Coming SOON! 1032 Henti D Tonti Blvd. •Tontitown Lingerie Sizes from Small to 4x Adult Novelties Bachelorette Party Favors

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