Let’s Go Golfing

Hand Casino operations was for $12 million dollars over a 15 year term,” he explained. “The PHC Holdings LP Board of Directors exercised their pre-payment option on the loan and was able to pay off the mortgage in 14 years with a calculated interest saving on the loan of $1 million.”

PHC Holding Ltd. Is a seven partner Limited Partnership that consists of the six First Nations of the Yorkton Tribal Council; Cote First Nation, Keeseekoose First Nation, The Key First Nation, Kahkewistahaw First Nation, Zagime Anishnabek (Sakimay) First Nation and Ocean Man First Nation. The Yorkton Tribal Council Administration Inc. Is the seventh partner of the Partnership Agreement. All seven partners have equal shares in the Partnership Agreement.

The story of the Painted Hand Casino at its current location in Yorkton actually dates back nearly two decades.

“In 2004, the Yorkton Tribal Council Chiefs formed a Casino Development Working Group to do the leg work of setting up a new casino location and building with the intent of expansion of the original Painted Hand Casino that was located in downtown Yorkton across from City Hall,” explained Holness.

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