(Kahnawà:ke – 13, Onerahtohkó:wa/May 2021) Mohawk Online Limited (“Mohawk Online”) today reported its revenue results for the period of January 1, 2020 to December 31, 2020. For this period, Mohawk Online has reported net profits of $9,070,348.
“On behalf of the Mohawk Council of Kahnawà:ke, we are absolutely thrilled with the financial performance of Mohawk Online, as it has generated over $9 Million for the benefit of the community,” said Chief Gina Deer of the Mohawk Council of Kahnawà:ke. “This is now Mohawk Online’s fifth year of operation and their performance continues to exceed all financial projections, even during the ongoing Covid-19 pandemic. We could not be more pleased with the results.”
During this period, Mohawk Online has contributed $4.0M in emergency dividends that were used directly for the Kahnawà:ke Economic Relief Measures Fund (“KERM”). In addition, Mohawk Online donated to $12,700 to Karihwanoron Mohawk Immersion School for the purchase of iPads and Chromebooks, as well as donating to the Kateri Memorial Foundation for the 6th Annual Karonhiarahstha’s Winter Wonderland.
Mohawk Online’s financial results have been confirmed through an independent audit completed by Moore Stephens International, who have attested to the accuracy and fairness of presentation of the financial statements and related disclosures.
“Mohawk Online is a socio-economic initiative, and for the fifth consecutive year, it has again proven to be an economic success story and generated a substantial amount of revenue for Kahnawà:ke” said Dean Montour, Chief Executive Officer of Mohawk Online. “Our net profit has increased by $5.87M dollars from the previous year, a 183% “year-on-year” increase.”
“Mohawk Online has proven, once again, that it is a powerful socio-economic force to be reckoned with, and is generating our “own-source revenue” for Kahnawà:ke’s economic self-sustainability.” Chief Deer continued. “With the federal government’s proposed Bill C-218 and Ontario’s unprecedented plan to implement a new “conduct and manage” model for internet gaming in the province, Kahnawà:ke’s gaming industry and jurisdiction is under threat. We will not stand by and allow this to happen.”
“In these challenging times, we feel assured that Mohawk Online will continue to fulfil its mandate as an important socio-economic initiative.” Chief Deer stated. “The Mohawk Council is committed to the continued political support of Mohawk Online, and to fiercely protect Kahnawà:ke’s jurisdiction and interests in the gaming industry”.