Monday, August 18, 2008

Lions, city change pull-tab agreement |  Perham Enterprise Bulletin  & New York Mills Herald  | Perham, Minnesota

Lions, city change pull-tab agreement Perham Enterprise Bulletin & New York Mills Herald Perham, Minnesota:
"The New York Mills Lions Club is seeing a considerable drop in pull-tab revenue at Mills Liquors, and on Tuesday submitted a request to the City Council to lower its monthly booth rent.
Wayne Mattson, Lions Gambling Manager, submitted a request to adjust rent to $100/month plus 10 percent over $4,000 gross revenue. Mattson supplied the council a report detailing the decline in revenue the past year.
The Lions is currently paying $300/month in rent to the city for space in Mills Liquors.
Since last January the Lions' gross profit from pull-tabs has gone down 36 percent from $32,376 to $20,615 from January to July of 2007. At the beginning of Sept. 1, 2007 the Lions had a reserve of $10,657 and has since decreased to $2,595 at the end of July. By using the gross profit from Mills Lanes, the Lions have an actual reserve of $4,098."
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