Sentences with phrase «slot revenue payment»
The Senecas stopped casino slot revenue payments to Buffalo, Niagara Falls and Salamanca in 2009 saying the state broke its casino gaming compact with the Nation because it has allowed video lottery terminals at nearby racetracks.
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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.
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 payment, which county officials said was due March 31, comes from revenue from video slot machines at Aqueduct Racetrack.
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.
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.
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 and the state are in arbitration over the $ 572 million in revenue sharing payments being withheld because the Senecas say the state violated the compact by allowing slot machines at racetracks.