Sentences with phrase «casino gaming revenue»

Mahoney did say that the county's expected $ 2.5 million in casino gaming revenue from the state would go toward the overall lakefront project.

Casino gaming revenues and taxes on cigarettes have been mounting issues in recent years for Native Americans in the Western New York region.

Not exact matches

Casino Cash Trac, which provides software for casinos to manage their gaming and accounting operations, brought in $ 3.5 million in revenue last year.

Despite the Chinese government wanting mass - market, non-gaming income to comprise a larger percentage of casino revenue in Macau, it was the return of the high rollers that fueled the gaming industry's resurrection.

In the future, the MTR Gaming Group might consider third - party restaurant deals or plans for new brand - name eateries in its casinos to add excitement, increase revenue and attract more customers.

The River Rock Casino and Resort is the source of the gaming revenues the city hopes to rake in.

However, while del Lago Resort Casino has substantially grown total gaming revenues generated in its primary market area, the property's revenue ramp - up so far has been well below our expectations,» Foley said.

«The opening of two new large casinos in upstate New York — del Lago Resort Casino and Rivers Casino Schenectady — have helped grow state monthly gaming revenues by about 30 %.

«I think one of the issues that you have to really look at is if we expand a casino location or gaming are we just going to be recycling money that's already out there being spent at other racinos or perhaps some of the Indian gaming sites in the state or will we be bringing in revenue that right now may be going to a location in Connecticut or Atlantic City or what have you.»

Revenue from casinos in the northeast has been lower than original estimates given the level of competition and cluster of gaming options in the region.

But the casinos have struggled with revenue amid a challenging northeast market, a trend gaming analysts had expected to see revisited in New York.

The analysis by the rating agency's gaming analyst Keith Foley found casinos del Lago in the Finger Lakes region and the Rivers Casino in Schenectady took a chunk of gaming revenue from its closet competitors, Finger Lakes Gaming and Vernon Downs, as well as Saratoga Spgaming analyst Keith Foley found casinos del Lago in the Finger Lakes region and the Rivers Casino in Schenectady took a chunk of gaming revenue from its closet competitors, Finger Lakes Gaming and Vernon Downs, as well as Saratoga Spgaming revenue from its closet competitors, Finger Lakes Gaming and Vernon Downs, as well as Saratoga SpGaming and Vernon Downs, as well as Saratoga Springs.

When gaming expansion began, New Yorkers were told by the Governor that the new casinos would support tourism, bring more jobs and more revenue to support schools and lower taxes.

State Sen. John Bonacic (R - Mount Hope), chairman of the Racing, Gaming and Wagering Committee, proposed permitting betting on professional and college sports, with casinos giving the state 8.5 percent of gross revenue, which could bring in $ 10 million to $ 30 million annually to state coffers.

The report, released Wednesday by state Comptroller Thomas DiNapoli's office, says NYRA hasn't prioritized capital spending adequately since gaming revenue from the large Resorts World New York Casino at Aqueduct Racetrack began flowing four years ago.

The agreement would grant the Oneida Nation exclusive rights to casino gaming in Central New York in exchange for sharing a portion of gaming revenues with the state and local governments.

One third of Atlantic City's casinos, including one run by Donald Trump, have announced plans to close, and Moody's investor rating services has downgraded the casino industry from stable to negative citing «declines in comparable monthly gaming revenue.»

The State Gaming Commission has approved a deal between Nassau Regional Off - Track Betting Corp. and Genting New York LLC, which operates Resorts World Casino at Aqueduct, providing the county with $ 26 million in revenue over the next three years, officials said.

The gaming commission noted big gains in revenues at two casinos in particular — Resorts World Casino New York City and Empire City Casino at Yonkers Raceway.

The resolution approved by New York lawmakers notes «the importance of protecting New York State's gaming market,» as well as the revenue state government gets from casinos and racetracks, and warned «against dilution resulting from new gaming competition in neighboring states.»

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.

The Seneca Nation of Indians is considering a Rochester - area casino in the town of Henrietta — a gaming and hotel facility that comes just after the state agreed to a new revenue - sharing plan with the tribe.

Developers seeking up to four lucrative licenses from the state Gaming Commission have told officials on the casino location board that a casino placed in Orange County would likely cut off any revenue for a casino built in the Catskills to the North.

A $ 50 million minimum license fee would be required to build a casino, with 25 percent of taxes coming from gaming revenues

Moody's says the outlook on the gaming industry in the United States writ large is negative due to weakening revenues, lower demand and high fixed costs — suggesting the long - term impact in New York from casino revenue may be elusive.

«Proposal One will keep $ 1.2 billion in gaming revenue and thousands of jobs in our state by allowing regulated casino development.

«Gaming revenues, particularly outside of Las Vegas (Aa2 / stable), are down in areas across the country and it remains to be seen if the estimates provided by the Gaming Commission and the casino companies themselves come to fruition.

Any casino amendment would be bitterly opposed by Indian nations, who have derived millions of dollars in revenue from the operation of the gaming facilities in the last several decades.

Rivers Casino & Resort brought in $ 3 million in gaming revenue in its first week of business, according to data released by the New York State Gaming Commigaming revenue in its first week of business, according to data released by the New York State Gaming CommiGaming Commission.

The nation pays 25 percent of its slot revenues from its casinos in Niagara Falls, Buffalo and Salamanca to the state in exchange for the exclusive right to operate gaming machines in its exclusivity zone.

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.

Years of acrimonious accusation, nonpayment of revenues and stubborn refusal came to a sudden and fair end on Thursday when Gov. Andrew M. Cuomo and Seneca Nation President Barry Snyder settled their differences over casino gaming in Western New York.With their agreement, the financial gun aimed in Niagara Falls was lowered and the threat to...

In a deal announced today, the Oneidas will give 25 percent of their gaming machine revenues to the state in exchange for exclusive rights to run casinos in a 10 - county area of Central New York.

Manlius Legislator Kevin Holmquist has been skeptical of the plan from the start, and says his biggest concern is that this new revenue stream is dependent on business at the Oneida - run Turning Stone Casino, at a time when gaming competition is ramping up in New York state.

Orange County Executive Steven Neuhaus disagreed, saying casinos in his county «can produce the most revenue and create the most jobs — the very purpose of the gaming law.»

The Oneida Indian Nation will for the first time share a sizeable chunk of gaming revenue from its casino operation in order to keep competition from the state out its backyard.

But in separate 2013 agreements, the Oneida Nation was granted exclusive rights to casino gaming in Central New York in exchange for sharing revenues with the state and local governments; the state also recognized the Seneca Nation and its exclusive casino operations in western New York in exchange for revenue sharing.

The expansion helped revenue at the casino jump by 7 percent in June — and another 24 percent in July — figures from the state Gaming Commission show.

The NYT OpEds against Cuomo's casino amendment, saying he has failed to make the case that non-Indian run gaming facilities will indeed improve the upstate economy, producing jobs and steady revenue.

But, he also noted that casinos in Northern New Jersey would have a similar impact, and by approving NYC gaming facilities, he reasoned, at least revenue would have a chance of remaining inside state lines.

Vernon Downs owner Jeff Gural says he survived the 2017 harness season at his racetrack / casino only because New York state cut the amount of taxes he pays on gaming revenues.

Officials in Madison County are urging Cuomo to sign a law that would allow the state to share gaming revenue from the Yellow Brick Road Casino with the county.

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.

The three casinos could end their first year with about $ 220 million less in total revenue than they projected when they won the bids for their gaming licenses in 2014, according to a review by the USA Today's Albany Bureau.

Like other analysts of the gaming industry, he warns of the problem of casino saturation in the Northeast and points to the casinos in Atlantic City, Connecticut and Pennsylvania, which have steadily lost revenue in recent years.

Attorney General George Jepsen said a letter from federal regulators is easing concerns that an expansion of casino gaming off the reservations of the Mashantucket Pequots and Mohegans would affect agreements that give the state 25 percent of monthly revenue from slot machines.

New York's state Gaming Commission on Monday signed off on a plan to seek bids on what would be a fourth upstate casino, the same day that a new study indicated that tax revenues nationwide from such facilities are slowing.

While the state agrees to remove the eight - county region the Cuomo administration's proposed legislation for placing three new casinos in New York, the tribe is agreeing to also pay 25 percent of future gaming revenues to the state with shares going to the counties.

Pennsylvania, which has overtaken New Jersey to become the second - biggest gaming market after Nevada, has resorts that are already seeing their revenues slide just eight years after the legalization of casinos there.

The Senecas stopped casino slot revenue payments to Buffalo, Niagara Falls and Salamanca in 2009 saying the state broke its casino gaming compact with the Nation because it has allowed video lottery terminals at nearby racetracks.