Sentences with phrase «of slot revenues»
The Seneca funding source has currently run dry, with the Nation disputing whether its still required to pay a portion of its slot revenues under a compact with the state.
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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 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 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.
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 Verona.
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 governor said when the casino stopped paying a portion of its slot revenue to the state this summer, it violated that deal.
The state reaps 25 percent of slot revenue from the state's two casinos — Foxwoods Resort Casino and Mohegan Sun — each month.
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.
Not exact matches
Salesforce.com, with more than $ 3.8 billion in revenue during 2013, climbed two positions to capture the No. 10 slot of the worldwide enterprise software market, and it achieved the highest growth among the top 10 vendors at 33.3 percent (see Table 1).
With that outcome expected months beforehand, management did a great job of filling slots with other airlines, often involving new route incentives (hence the revenue weakness).
Meanwhile, Lago has the advantage of taxes as well: The resort is subject to a 10 percent tax rate on table game revenue and a 37 percent rate on slot machines.
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.
It posted revenues of $ 696.5 million in the year ended in March and its electronic slot machines averaged $ 432 each a day in September, considerably more than slot machines in Atlantic City, Connecticut or Las Vegas.
In return, the Oneidas must pay 25 percent, or about $ 50 million, of their slot machine revenues.
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.
Madison County officials are unhappy with Gov. Andrew Cuomo's decision to veto a bill that would provide Madison County with a host - county share of the slot machine revenue generated within its borders.
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.
Valesky has introduced legislation that would give Madison County 25 percent of the slot machine revenue the state gets from Yellow Brick, the same arrangement Oneida County has with Turning Stone.
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 total is about seven percent of what the Oneida Nation realizes, from slot machine revenues, at Yellow Brick Road Casino.
The state believed the Senecas were supposed to pay a portion of their slot machine revenues on July 1st.
The Senecas believe they are no longer required to pay the state a portion of their slot machine revenues.
The Senecas and the state are also in the middle of a stalled arbitration process to decide a dispute over slot machine revenue.
The Senecas believe they're no longer required to pay the state a portion of their slot machine revenues.
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.
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.
To deal with Indian issues, the governor revealed that he is trying to get the Oneida tribe to acquire exclusive rights for gaming in central New York by paying the state something akin to what the Seneca and Mohawk tribes have agreed to provide, which is 25 percent of slot machine revenue.
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.
After the latest controversy, Cuomo's aides ordered the state Lottery Division to withhold slot machine payments earned at Aqueduct race track, worth about $ 3 million dollars a month, starving the financially shaky NYRA from a vital source of revenue.
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.
Since the legalization of slots in neighboring Pennsylvania in 2004, Atlantic City gambling revenues have dropped between 10 and 15 percent, according to McGowan.
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 casino.
Turning Stone would be granted exclusive rights to Las Vegas - style gambling in Central New York, but the Oneidas would have to give a share of their slot machine revenues to the state.
Madison County officials are unhappy with Cuomo's decision to veto a bill that would provide them with a host - county share of the slot machine revenue generated within its borders.
Studies show that anywhere from 30 to 60 percent of slots» revenue comes from repeat and problem gamblers.
According to the state Office of Policy and Management, the tribes sent $ 270 million to the state from slot revenue in the 2016 - 2017 fiscal year.
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.
Under the compact, Seneca Nation paid a portion of its revenues on slot machines and other gaming devices to New York State in exchange for the right to offer these devices west of State Route 14.
The settlement also calls for the Oneidas to pay 25 percent of the revenues from its 2,000 slot machines at Turning Stone.
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.
The arrangement would solve Nassau's problem of finding a location for a video slots parlor — which has been met with staunch opposition at more than one proposed site — while guaranteeing the county a revenue stream through OTB.
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.