Sentences with phrase «on slot machine revenues»
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.
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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.
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.
The state believed the Senecas were supposed to pay a portion of their slot machine revenues on July 1st.
Nassau Regional Off - Track Betting Corp. has missed a $ 3 million payment on a short - term note to a Manhattan investment bank as it awaits revenue from a deal transferring its authority to install 1,000 video slot machines to Aqueduct Racetrack in Queens.
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.
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.