Sentences with phrase «slot machine revenues»

They are willing to increase the tax they would pay on slot machine revenues beyond the required 45 percent to make up for the fee cut.

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.

Madison County would receive 25 percent of the 25 percent the state receives from slot machine revenue generated by the Oneida Nation - owned gaming facilities in the county.

The agreement allowing the state and the city of Niagara Falls to receive a percentage of slot machine revenues from Seneca Niagara Casino has been extended through 2023, but those revenues continue to decrease from a high of $ 21 million to $ 17 million in recent 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.

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 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.

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.

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.

In separate letters to legislative leaders Friday and Saturday, the Mashantucket Pequot and Mohegan tribes said the revenue - sharing agreements that give the state a 25 - percent cut of video slot machine revenue from their casinos each month also pertains to sports betting.

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 Senecas and the state are also in the middle of a stalled arbitration process to decide a dispute over slot machine revenue.

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.

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 Senecas, per the nation's agreement with New York, paid the state 25 percent of its slot machine revenues in exchange for exclusive rights to operate three Las Vegas - style casinos in Western New York.

Since 2002, the tribe has been paying 25 percent of slot machine revenues to the state, which in turn paid 25 percent of that to the casino «host» localities of Niagara Falls, Buffalo and Salamanca.

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.

The Cuomo administration disagreed, arguing that the payments should continue under the original contract that gave the tribe exclusive rights to operate three casinos in western New York in exchange for up to 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.

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.

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.

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.

Since 2002, the Seneca Nation has been paying the state and local communities that host their casinos 25 percent of all slot machine revenue, but the president of the Seneca Nation, Todd Gates, says with the nation is no longer obligated to pay the state any of that money, due to an ambiguous clause in the compact the two groups signed.

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.

Under a 2002 compact and a subsequent Memorandum of Understanding the Senecas said they are no longer required to pay a portion of their slot machine revenues to the state.

The Senecas believe they're no longer required to pay the state a portion of their slot machine revenues.

After year 14, the compact appears to be silent on the percentage of slot machine revenue that the Senecas are required to pay New York State.

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.

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.

In return, the Oneidas would pay the state 25 percent of their slot machine revenues, or about $ 50 million per year.

From 2008 through 2014, the agreement between the state and the Seneca Nation called for the nation to pay 25 percent of its slot machine revenue to the state, which then distributed a portion to local municipalities.

In turn, the tribe must share its slot machine revenues, he said.