Mille Lacs Corporate Ventures’ Latest Venture — SLOTCO
The mission of SLOTCO is to elevate tribal gaming by empowering tribes through data to maximize slot floor performance. There are several highly successful tribal casinos throughout the United States, and there is also a very large number of smaller tribal casinos that haven’t been able to update their gaming floors due to remote locations and smaller market populations.
New technology — including new slot machines — drives revenue and loyalty, which in turn allows the tribal government to offer health care, education, employment opportunities, and more to their local communities. If a tribe needs more assistance in updating their property — or infrastructure within their community — SLOTCO can provide immediate capital and resources to assist with the process.
Combined, the SLOTCO team has over 150 years’ experience in casino and tribal operations. This includes compliance and regulations, slot data analysis, marketing, and gaming operations. Becky Houle, VP of Compliance, and Aarik Robertson, Director of Strategic Initiatives, are two members of the Mille Lacs Band of Ojibwe that have joined the team. As a group, SLOTCO has a comprehensive 30,000-foot strategic look at what each property excels at and where there are opportunities to make small changes for big impact.
In 2022, it has become evident that SLOTCO has arrived in the market as a trusted tribal partner. With three signed clients and qualified leads that are in various stages of the agreement process, the idea of SLOTCO has become an official business operation. SLOTCO attended the Indian Gaming Tradeshow & Convention (IGA) and Global Gaming Expo (G2E) and continued to build its reputation. Tribal officials are talking to other tribes about SLOTCO. Casino executives are paying attention to their bottom line and are interested about cost containment and maximizing revenue strategies.
To date, most slot machine manufacturers have signed an agreement with SLOTCO, which further validates the business model to be a resource for tribal casino properties to refresh their slot floors. Slot machines are just a part of the SLOTCO business model, and its partners are critical to its success.
Looking ahead, SLOTCO will unveil its patent in the spring, attend and co-host events that are specific to the Native American community, and continue to form partnerships with tribes across the country.
