Unveiling the Ownership of Running Aces Casino

Running Aces Casino, a popular gambling establishment, has been a staple in the entertainment industry for years. However, many individuals are curious about who owns this esteemed casino. This article delves into the background of the casino's ownership, providing a comprehensive overview of its proprietors and the history behind the acquisition.

1. Background of Running Aces Casino

Established in 1990, Running Aces Casino is a well-known casino located in Roseville, Minnesota. Initially, it was owned by the Mille Lacs Band of Ojibwe, an indigenous tribe native to Minnesota. The casino has since become a prominent destination for gamblers and entertainment enthusiasts alike.

2. The Acquisition of Running Aces Casino

In 2012, Running Aces Casino underwent a significant change when it was purchased by the Schmitt family, founders of Schmitt Industries. The family's acquisition marked a new chapter in the casino's history, as they aimed to revitalize the property and offer an enhanced experience for visitors.

3. The Schmitt Family: The New Owners

The Schmitt family, known for their successful business ventures, acquired Running Aces Casino with a vision to transform the property into a premier entertainment destination. Their background in various industries, including aerospace, defense, and consumer products, has contributed to their success in managing the casino.

4. Ownership Structure

The ownership of Running Aces Casino is structured in a way that ensures the involvement of the Schmitt family and the Mille Lacs Band of Ojibwe. The casino operates as a partnership between the two entities, allowing for a harmonious blend of their unique perspectives and expertise.

5. The Impact of Ownership Change

Since the Schmitt family took over Running Aces Casino, several improvements have been made to enhance the gaming experience and attract more visitors. The following changes have been implemented:

a. Renovations: The casino has undergone extensive renovations, including the addition of new slot machines, dining options, and entertainment facilities.

b. Dining and Entertainment: The acquisition of Running Aces Casino has led to the introduction of a diverse range of dining options and entertainment events, catering to a wider audience.

c. Expansion: The Schmitt family has been actively working on expanding the casino's gaming floor, as well as developing a new hotel and conference center.

6. Community Involvement

The Schmitt family has been committed to giving back to the community since acquiring Running Aces Casino. They have supported various local initiatives, including educational programs, scholarships, and economic development projects.

Frequently Asked Questions

Q1: Who are the original owners of Running Aces Casino?

A1: The original owners of Running Aces Casino were the Mille Lacs Band of Ojibwe.

Q2: When did the Schmitt family acquire Running Aces Casino?

A2: The Schmitt family purchased Running Aces Casino in 2012.

Q3: How has the acquisition of Running Aces Casino impacted the gaming experience?

A3: The acquisition has led to extensive renovations, new dining and entertainment options, and the expansion of the gaming floor.

Q4: What is the ownership structure of Running Aces Casino?

A4: The ownership of Running Aces Casino is a partnership between the Schmitt family and the Mille Lacs Band of Ojibwe.

Q5: How has the Schmitt family contributed to the community since acquiring Running Aces Casino?

A5: The Schmitt family has supported various local initiatives, including educational programs, scholarships, and economic development projects.