Sentences with phrase «of casino revenue»

In exchange, the state and local governments will get a share of the casino revenue.

However, the city has used increasing amounts of casino revenue to finance general fund operations rather than developing other recurring revenue sources.

The two sides currently disagree on whether the nation is still required to pay a portion of its casino revenues.

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.

«Given the prior impasse with the nation, the city should have reduced the amount of casino revenue used routinely for appropriations instead of increasing its reliance on it to balance the budget» state auditors concluded, further noting the city will lose its ability to even attempt to balance its budget with casino revenue if the current dispute is not resolved.

Further, it cautions that unless changes are made, the loss of the reserve funds combined with the loss of casino revenue could result in a general fund gap, or deficit, of $ 12 million within a year.

The budget again authorizes the state's receipt of casino revenue payments from the Senecas and then the re-distribution of part of those funds to Niagara Falls, Buffalo, Salamanca and 17 counties in the region.

The audit says that from Jan. 1, 2012 to June 30, 2014 NYRA got $ 74 million worth of casino revenue to use for capital projects and spent $ 36.3 million during that period.

The draft report notes the administration of Mayor Paul Dyster's pattern of using casino revenues — which have steadily decreased in recent years — to balance the city's budget, despite warnings against using so much of the casino revenues to do so.

The stated answer from Seneca leaders is they are done giving away part of their casino revenues to the state and have no intention of paying Albany at least $ 700 million in scheduled payments over the next seven years.

«That is driven, in part perhaps, by the shortfall of casino revenues,» Dyster said.

New York State insists the Seneca Nation remains obligated to make millions of dollars of casino revenue payments.

Delaware North is paid a percentage of casino revenue under a contract with Suffolk OTB to manage the facility.

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.

The state law covering the city's share of casino revenue requires 26.5 percent off the top go to local agencies and organizations such as Niagara Falls Memorial Medical Center and Niagara Falls International Airport.

Every single cent of casino revenue has been spent in line with resolutions of the City Council.»

Keep in mind that in the case of both casino revenue and Peace Bridge plaza expansion, the governor claimed victory when, in fact, the Senecas and Canadians prevailed in their negotiations with the state.

A good chunk of casino revenues are no longer delivered by gamblers but rather the people staying in hotels and paying for spa packages, etc..

Junkets account for nearly half of casino revenue worldwide.

Cuomo then handed an $ 89 million check to Dyster, the city's share of the casino revenue sharing money.

In fact, instead of cutting back city officials increased the amount of casino revenue to balance the budget in recent years.»

Contrast the legislative leadership's response to the GE situation with the way it has rushed to help Foxwoods Resort Casino and the Mohegan Sun casino defend themselves against mounting competition and the loss of casino revenue and jobs.

In his annual State of the City address, Niagara Falls Mayor Paul Dyster told citizens he was hoping for the best, but preparing for the worst, regarding the ongoing arbitration between the state and the Seneca Nation about whether the Nation should still be sharing a portion of its casino revenues.

The draft audit also notes that while «the amount of casino revenue the city received declined from $ 14.2 million in 2013 to $ 12.1 million in 2016 -LRB--13 %).

About $ 4.7 million of the casino revenues would go toward treating gambling addictions.

The Senecas would see competition if a deal isn't worked out with Albany over the state share of casino revenues, in turn going to Niagara Falls, Buffalo, and Salamanca.

Maybe they want to make up the shortfall to me,» Cuomo laughed on September 29, while noting that the state isn't getting paid it share of casino revenue either, as long as the dispute persists.

Our prior audit also discussed the use of casino revenue to balance the budget.

Governor Andrew Cuomo is resorting to binding arbitration in the state's ongoing dispute with the Seneca Nation of Indians over the sharing of casino revenues.