Deal to share profits thrashed out by chiefs
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A tentative agreement has been reached on sharing $350 million in net profits from Casino Rama.
The agreement, reached at the beginning of February between the province and Ontario's 134 First Nations, calls for 65 per cent of the profits to be shared between the bands, with the Mnjikaning First Nation at the casino site getting the balance.
That amounts to about $123 million for the First Nation, located a 90-minute drive north of Toronto.