Sentences with phrase «casino slot revenue»

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.

On the heels of tense budget discussions at Niagara Falls City Hall, elected leaders not often seen together since the Seneca casino slot revenue controversy started — Niagara Falls Mayor Paul Dyster and Seneca President Todd Gates — got together for a holiday celebration.

NIAGARA FALLS, N.Y. — On the heels of tense budget discussions at Niagara Falls City Hall, on Saturday, elected leaders not often seen together since the Seneca casino slot revenue controversy started got together for a holiday celebration.

Not exact matches

Casino restaurants don't just keep guests at the slots; the restaurants are a revenue generator used to boost overall profits.

The two sides continue to disagree about whether the tribe is legally required to pay a percentage of its slot revenues to the state and municipalities where casinos operate.

As a stalemate between the Seneca Nation and New York State over slot machine revenue drags on, the three cities that host the Seneca casinos are feeling the effects.

Meanwhile, Cuomo struck a deal with the Oneida Indian Nation to give it exclusive casino rights in central New York in exchange for the state treasury's receiving 25 percent of slot revenue from the Turning Stone Resort Casino in Vcasino rights in central New York in exchange for the state treasury's receiving 25 percent of slot revenue from the Turning Stone Resort Casino in VCasino in Verona.

The state, Oneida nation, and Madison and Oneida counties announced a deal May 16 giving the Oneidas» Turning Stone casino a monopoly in 10 Central New York counties in exchange for 25 percent of slot machine revenues.

Here's the Cliff - Note version of the dispute: For 14 years, the Seneca Nation has operated three casinos in western New York, providing 25 percent of its slot machine revenue to the state and local communities the casinos are based in.

Oneida County is being paid $ 48 million in back taxes over 19 years and a 25 percent share of all of the Nation's slot machine revenue for being the host county to its Verona - based Turning Stone Casino.

A casino in any of those locations would potentially cut into the revenues of the Catskills casino as well as the existing slot parlors in Yonkers and Queens.

As far as the cities of Niagara Falls, Salamanca and Buffalo, which play host to Seneca Nation casinos, Gates says they'll continue to receive that slot machine revenue; though due to recent declines in profit, he says the overall amount will likely be less than before.

Slot machine and table game revenue from casinos in the Finger Lakes, the Southern Tier and Schenectady have fallen short of the rosy revenue projections made when operators were applying for licenses several years ago.

The project there estimates that half its revenues will come from gamblers now going to slot parlors in Farmington and Batavia and the Oneida Indian Nation's Turning Stone casino, as well as to casinos owned by the Senecas.

The Oneidas have three casinos in central New York and pay 27 percent of the slot revenue to the state, but none of the table games revenue, in a deal in 2013 to end some land claims.

The total is about seven percent of what the Oneida Nation realizes, from slot machine revenues, at Yellow Brick Road Casino.

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.

The governor said when the casino stopped paying a portion of its slot revenue to the state this summer, it violated that deal.

State Sen. Robert Ortt unveiled a bill that would give the City of Niagara Falls, rather than the state — the largest share of revenues from casino slot machines in Niagara Falls.

Most revenue from today's casinos is not from high rollers who have flown in from faraway places to stand in front of roulette wheels or dice tables, but from nearby residents who sit in front of high - speed slot machines that employ merciless logarithms to separate them from their money.

The Senecas say they are abiding by the terms of the compact the tribe signed in 2002, which they say called for the tribe to share a quarter of slot machine revenues at the three casinos in Western New York.

The New York State Senate is considering a bill that would amend a landmark 2013 agreement with the Oneida Indian Nation and the counties by awarding Madison County 25 percent of the state's share of slot machine revenue from the new Yellow Brick Road Casino, which opened in 2015 in Madison County.

As a part of the creation of the Seneca Niagara Casino in Niagara Falls, an agreement was reached to give a percentage of the slot machine revenue to the City of Niagara Falls each year to spend on local tourism projects and projects relating to hosting the cCasino in Niagara Falls, an agreement was reached to give a percentage of the slot machine revenue to the City of Niagara Falls each year to spend on local tourism projects and projects relating to hosting the casinocasino.

After traveling to Rochester from Buffalo, Cuomo reaffirmed his administration will explore the possibility of a new non-Seneca casino in the Niagara Falls region if the Nation does not pay the state a portion of its slot revenues.

The state reaps 25 percent of slot revenue from the state's two casinos — Foxwoods Resort Casino and Mohegan Sun — each month.

Slot revenue has declined in recent years from over $ 400 million amid intensifying competition from casino gambling in nearby states.

The revenue - sharing agreements, signing separately with each tribes as they opened their casinos in the 1990s, guarantee the payments to the state in exchange for the right to be the sole operators of video slot machines.

Attorney General George Jepsen cautioned Tuesday that a tribal casino in East Windsor should not open without formal approval by federal regulators of amendments to existing slot machine revenue - sharing agreements with the state.

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.

A casino in the Capital Region would pay a tax rate of 45 percent on slot machine revenues, compared with 37 percent in the Southern Tier and 39 percent in the Catskills.

The state was getting 25 percent of annual slot machine revenues at the tribe's three casinos, which it then shared — at different rates — with Niagara Falls, Buffalo, Salamanca and 16 counties in the western part of the state.

Additionally, all conditions imposed by the State Legislature under the authorizing legislation for up to three Indian casinos in the Catskills (Chapter 383 of the Laws of 2001), including the payment of 25 percent of slot revenue to the State, have already been agreed to by the Tribe.

Back - tax payments from the Nation's casinos and a share of their annual slot machine revenue has helped Oneida County collect more than $ 60 million in three years.

Under the terms of the original compact, the Senecas turn over 25 percent of slot machine revenues at its casinos; the state keeps most of it and provides an allotment from two different pots — estimated at some $ 35 million annually — to the municipalities.

Casino revenue sharing stopped several years ago with the Senecas claiming their exclusivity agreement was violated by the state allowing slot machines at race tracks.

The proceeds from the bottle tax would be combined with some of the revenue from a planned slots casino in Baltimore, as well as savings from a change to the city's school funding formula.

That includes $ 10 million from raising the bottle tax from 2 cents to 5 cents, $ 12 million in savings from a recalculation of the teacher pension plan, and $ 1.6 million in revenue from a planned slots casino.

As we witness casinos in the USA having a steady decline in slot revenue, companies must change their approach.