Sentences with phrase «casino gambling revenue»
Picente says Oneida County has worked very closely with the state to try to improve its local economy, including reaching last year's settlement with the Oneida Indian Nation which brings casino gambling revenue to the county.
http://wrvo.org/ Not exact matches
The sprouting of these islands of legality, observers predict, will spur other states to open up their cannabis markets lest they lose out on revenue and tourism, much as the casino gambling pioneered in Las Vegas became ubiquitous across the continent.
Casino floors have been noticeably quieter this year in Macau, where gambling revenues have fallen for an unprecedented 16 months straight.
MGM Resorts may be known for gambling, but nearly half of the company's revenue comes off the casino floor — and in the U.S., the percentage is much higher than 50 %.
Sports betting revenue would be taxed at the same 8 % rate that casino patrons typically pay on their gambling winnings.
Gov. Andrew Cuomo's administration and the SNI have had varying disagreements over collecting revenue from cigarette sales on reservations and the casino gambling amendment, which won first passage this past March.
Gambling companies have argued for years that New York loses billions of dollars a year to casinos in Connecticut and New Jersey, costing the state jobs and tax revenue.
In recent days that agenda has focused more on Upstate as Cuomo rolled out details for expanded gambling, then two revenue - sharing agreements with Native American - run casinos, and now a tax program that would favor communities with SUNY schools that are primarily outside of New York City.
Kristin Davis, the self - professed «Manhattan Madam,» made a case for raising revenue by proposing to legalize marijuana and casino gambling, and also offered some of the best barbs of the night.
The Oneida Nation secured its exclusive rights to operate casino gambling in the 10 - county region in exchange for sharing for the the first time gambling revenue each year generated from their casino operations.
The casino legislation offers new details, like the rates of taxation for the gambling centers, which would be set at 25 % of profits, and lays out how the revenues would be distributed to state and local governments.
The governor has asked lawmakers to expand casino gambling, which will eventually bring in additional revenue from related taxes and fees.
Gambling proponents typically overstate the amount of revenue that lotteries and casinos will generate for state treasuries.
The committee spent $ 4 million in anodyne mailers and TV ads that promoted benefits like employment and tax revenue and barely mentioned «casinos» or «gambling.»
At a time when state taxes from traditional gambling like lotteries and casinos are flat or declining, a majority of states are now seeking to regulate — and possibly raise revenue from — daily fantasy sports sites.
A portion of the revenue generated by casino gaming is required by law to be directed to problem gambling, but Shafer believes both the state and casino companies have little interest in helping those with additions.
Things are looking up for most of the nation's commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady.
Cuomo said in his State of the State address last week that he wants to expand casino gambling in New York, both as a revenue raiser and a job - creation vehicle.
The report, released on Monday, found gambling revenue in 2014 weakened overall in states that have casinos, lotteries or pari - mutuel wagering.
The Senecas haven't made any revenue sharing payments to either the state or their host cities since 2009, rguing that the state violated the compact by allowing casino - style gambling at Hamburg and Batavia.
A new report shows the opening of three new casinos in Upstate New York last year has sharply increased the state's gaming revenue, but it hasn't necessarily meant great things for the already existing businesses in the gambling industry.
The revelation left a fog of uncertainty over Mr. Cuomo's drive to bring casino gambling to New York City, which his administration views as a key source of jobs and revenue.
The state will increase its share of revenue from video gambling machines and will allow a number of casinos to stay open later.
A new tax revenue generating project the governor is proposing is the construction of a convention center and gambling casino at the Aqueduct Racetrack in Queens.
Law said that was because an Orange County casino would have taken too much revenue from existing gambling operations closer to the city — and because many of the contenders faced financial uncertainties and environmental challenges.
It provided the Oneidas with a monopoly on casino gambling in a 10 - county region in exchange for them sharing each year for the first time gambling revenue from Turning Stone Casino & Resort with the state and with the 10 coucasino gambling in a 10 - county region in exchange for them sharing each year for the first time gambling revenue from Turning Stone Casino & Resort with the state and with the 10 couCasino & Resort with the state and with the 10 counties.
A 2013 settlement with the Oneida Indian Nation of New York provided that the Oneidas would get a monopoly on casino gambling in a 10 - county region in exchange for them sharing for the first time gambling revenue from Turning Stone Casino & Resort with the state and with the 10 coucasino gambling in a 10 - county region in exchange for them sharing for the first time gambling revenue from Turning Stone Casino & Resort with the state and with the 10 couCasino & Resort with the state and with the 10 counties.
That would include the opening of a similar «full - service» casino within a 65 - mile radius of Aqueduct or if Resorts World's gambling revenue drops by 10 percent or more.
The governor's office and state Gaming Commission are downplaying any concerns, pointing out the state's overall gambling revenue has increased with the new casinos - and that it's too early to make judgements on how new venues will perform.
New casinos will encourage problem gamblers To the Editor: Many people who favor expanding casino gambling in our state seem to overlook that problem gamblers provide about 50 percent of casino revenues.
Slot revenue has declined in recent years from over $ 400 million amid intensifying competition from casino gambling in nearby states.
But bringing casinos to the city would produce both revenue from tourists and locals that pour some $ 5 blllion into gambling sites at Atlantic City and Foxwoods.
That fee would be applied toward a 15 percent tax on the online gambling revenues that the casinos would owe the state.
With legislative support for casino expansion uncertain, the General Assembly's finance committee will dig into revenue implications for the state in the third gambling expansion bill to be considered by state lawmakers this session.
An Orange County casino would likely have generated the most gambling revenue, and thus the most taxes.
«I want to end the prohibition on marijuana, gay marriage and casino gambling to generate new revenues instead of raising taxes on already over-taxed New Yorkers.»
The Oneidas are expected to pay $ 50 million a year to the state from gambling revenues at Turning Stone casino in return for a casino monopoly in a 10 - county area.
To raise state revenues without increasing traditional taxes, Cuomo is expected to continue to push for a constitutional amendment to expand gambling in New York to up to seven new non-Indian run casinos.
Some legislators are concerned that the allure of money - both revenue for the state and campaign contributions from major gambling interests - has effectively killed any debate about the impact of gambling on New Yorkers, especially as the state just recently allowed the construction of a number of casinos.
Given the gambling revenue declines the Seneca Nation has seen in Niagara Falls in the past several years, it remains to be seen whether a private developer might be interested in building a new casino in the city.
The Seneca Nation criticized the claims, saying the del Lago casino had originally projected to cannibalize gambling revenues from both its casinos in Western New York and casinos owned in central New York by the Oneida Nation.
The world's largest gambling center, this Special Administrative region of China derives over 70 percent of its revenue from casinos and the gaming industry.
Fees and taxes from casinos and other gambling - related enterprises make up a majority of the state's revenue sources.
With revenue in the $ 38.5 billion casino industry climbing only modestly in the U.S., many operators are looking beyond gambling to spur growth, building sports and entertainment venues, buying social gaming companies and sprucing up their hotel offerings.
MGM's 10 casino hotels on the Strip generated about $ 1.5 billion in third - quarter revenue, down 9 % from the same period a year earlier, underscoring the gambling mecca's bad luck.