Sentences with phrase «slot revenue from»

The state reaps 25 percent of slot revenue from the state's two casinos — Foxwoods Resort Casino and Mohegan Sun — each month.

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 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.

Not exact matches

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 project there estimates that half its revenues will come from gamblers now going to slot parlors in Farmington and Batavia and the Oneida Indian Nation's Turning Stone casino, as well as to casinos owned by the Senecas.

The total is about seven percent of what the Oneida Nation realizes, from slot machine revenues, at Yellow Brick Road Casino.

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.

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.

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.

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.

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.

Harness tracks are connected to the VLT parlors and revenues from the slots have long helped support the racing.

The payment, which county officials said was due March 31, comes from revenue from video slot machines at Aqueduct Racetrack.

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.

Slot revenue has declined in recent years from over $ 400 million amid intensifying competition from casino gambling in nearby states.

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.

The settlement also calls for the Oneidas to pay 25 percent of the revenues from its 2,000 slot machines at Turning Stone.

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.

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.

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.

The Internal Revenue Service, along with the Federal Aviation Administration, will oust the defence agencies from the top two slots by 1997.

When the legislature approved the state budget in July, it plugged a deficit by cutting $ 2 billion from its spending plan and by adding projected revenue from new video - lottery terminals, similar to slot...

The House budget proposal relies on around $ 150 million in increased revenues from North Carolina's lottery to fund the proposed five percent raise for teachers and more slots for pre-kindergarten.

The proceeds from the bottle tax would be combined with some of the revenue from a planned slots casino in Baltimore, as well as savings from a change to the city's school funding formula.

That includes $ 10 million from raising the bottle tax from 2 cents to 5 cents, $ 12 million in savings from a recalculation of the teacher pension plan, and $ 1.6 million in revenue from a planned slots casino.

Half of the revenue comes from the slot machines, and this is the largest part over all.