Sentences with phrase «on casino revenues»

Dyster's proposal includes a stronger reliance on casino revenues.

Caught in the middle of the dispute is the City of Niagara Falls who is out millions of dollars in their upcoming budget because they depended on the casino revenues for the last several years.

The prior audit also recommended the mayor and city council develop «realistic budgets», without relying so much on casino revenues to balance them, and adopt a multi-year financial plan.

He said the administration however, has already started reducing its reliance on casino revenue and does not anticipate any after 2023, the year the current compact between the Seneca Nation and the state concludes.

Based on the casino revenue in 2016, the last year it flowed to the city, those percentages would be used to divide up about $ 6.5 million.

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.

The volatility of the business has prompted some casino operators to report their results on a hold - adjusted basis, meaning they also tell investors what revenue would have been had winnings been more in line with historical norms.

«For every e-sports company, it would all of a sudden be a battle royale with every state with casinos and Native American tribes,» some of which operate casinos on tribal land to provide employment and revenue for their government and their tribe members.

Having successfully operated the casino hotels for many years, this move built on an existing area of expertise, giving the tribe an exciting new revenue source.

Hence, revenue streams are always going to flow into casinos and the municipalities that rely on casino tax dollars.

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.

In exchange, the Oneidas will give 25 percent of its casino's net revenue to the state, agree to a permanent cap of about 25,000 acres of land, and apply sales tax on cigarettes and gasoline.

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.

«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.

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.

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 celebratioOn 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 celebratioon Saturday, elected leaders not often seen together since the Seneca casino slot revenue controversy started got together for a holiday celebration.

In March the Senecas stopped making payments they've made since 2002 on revenues from their casinos in Buffalo, Niagara Falls and Salamanca.

Four members of Connecticut's Congressional delegation pressed Monday for a federal probe of the U.S. Department of the Interior's decision to take no action on amendments to longstanding casino revenue - sharing agreements with the state of Connecticut.

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.

The situation has implications for the state's newly enacted budget and is leaving localities in Western New York, which have come to rely on a smooth flow of revenue - sharing payments from the tribe's casinos, in their own financial bind.

Dyster said he wouldn't comment on «hypothetical scenarios» about how to use those measurements, but did say that Niagara Falls residents are entitled to that casino revenue and he's going to try and make sure they get it.

Niagara Falls officials are cutting back on spending, as the potential end to revenue from the Seneca Niagara Casino looms.

«NYRA relies on Video Lottery Terminals to stay in the black, but that revenue stream isn't guaranteed to continue as strongly, especially as new casinos open up across the state,» DiNapoli said.

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.

«Governor Cuomo created, pushed, and passed the casino plan our state is now embarking on as a project to generate economic benefits for communities that need it and revenue for the state as a whole — and while I've had concerns about the plan's specifics, I do genuinely hope it accomplishes those goals.

The duo will join Long Island Association President and CEO Kevin Law, Long Island Federation of Labor President John Durso in urging Long Islanders to vote «yes» on Prop. 1, and also will detail the $ 63 million worth of revenues for schools and local governments that Cuomo says will come to the area if non-Indian run casinos are approved.

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.

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.

Negotiators where also able to come to an agreement on ensuring that revenue to state from racinos operating near potential casinos would be more equitable.

Already he's put in place agreements with the Oneidas in central New York (to the consternation of the Cayuga) and with the Mohawk in the North Country that allows them to retain their exclusivity on casinos, but grants the state and local governments a slice owed revenue.

This comes on the heels of a letter sent last week by the racinos that predicted the Catskill casino would result in a loss of $ 400 million in revenue, $ 200 million in state education dollars and nearly 1,000 jobs.

The ads also highlight the claims made in the controversial wording that will appear on the ballot on Election Day, saying the plan «keeps good jobs and casino revenue in New York» and will bring «hundreds of millions of dollars to out schools.»

The report, released on Monday, found gambling revenue in 2014 weakened overall in states that have casinos, lotteries or pari - mutuel wagering.

When New Yorkers vote next week, they will see this proposal on the ballot, «The purpose of the proposed amendment to section 9 of article 1 of the Constitution is to allow the Legislature to authorize and regulate up to seven casinos for the legislated purposes of promoting job growth, increasing aid to schools, and permitting local governments to lower property taxes through revenues generated.»

Lawmakers had reached a tentative agreement on casinos yesterday, with a cap on two casinos per region and more equitable revenue sharing for racinos placed near casinos.

The argument for the casino expansion from the administration continued on Wednesday, when the state Division of Budget released an analysis showing that $ 430 million in revenue would be reaped from the construction of four casinos in the first phase.

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.

On a local level, Niagara Falls is expected to see the biggest impact; the city gets more than $ 20 million in annual revenue sharing payments from the casino there.

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...

However, pollster Steve Greenberg says that when given the specific wording of the amendment on the ballot in November and asked whether they would vote yes or no to approve an amendment to «allow the Legislature to authorize up to seven casinos in New York State for the legislated purposes of promoting job growth, increasing aid to schools, and permitting local governments to lower property taxes through revenues generated,» 55 percent said yes they would approve it, compared to 42 percent who say no they would not.

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.

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.

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.

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.

«We decided to cut those positions in hopes of getting through this year, and hopefully the casino revenue and things come back into play and we're on more solid ground next year, where perhaps we can put those positions back into the budget,» he said.

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.

Also declared dead: a financial bailout of a 13 - month - old commercial casino located between Rochester and Syracuse; the casino operator blamed its revenue projection shortfalls on the Seneca Nation of Indians and its marketing effort to lure gamblers to its casinos in Buffalo and Niagara Falls.

The governor said his argument to city voters would focus on new money for education that casino revenue would provide, even if no casinos would initially be in the city.