Seneca Niagara Begins $40 Million Casino Beautification, Still No Payments to Cash-Strapped City

Seneca Niagara Begins $40 Million Casino Beautification, Still No Payments to Cash-Strapped City

The Seneca Nation has announced it will begin work for a $40 million makeover of the Seneca Niagara Resort & Casino in the City of Niagara Falls, as it continues to withhold revenue-share payments to the State of nyc and local communities.

The Seneca Niagara Resort & Casino has announced its revamp that is big meanwhile the standoff involving the Seneca Nation and hawaii of New York shows no signs of progress, and the communities that host the tribe’s casinos are bearing the burden.

The Senecas stopped making payments over a 12 months ago. A sum that was then distributed between Albany, Buffalo, Niagara Falls and Salamanca, in exchange for the tribe’s exclusive right offer casino gaming in those cities under the terms of a 2002 compact, they were expected to contribute around $100 million a year to the state.

However the tribe stopped payments that are making a year ago. The 2002 agreement expired in 2016, but it was stipulated within that it would roll over for another seven years, provided there were no objections from either party.

‘Defying Law and Logic’

But the Senecas argue that there was no clause that is specific the agreement that said revenue-share payments would continue beyond 2016.

Their state has said there are ‘no legitimacy to these claims,’ therefore the tribe’s assertion so it can ‘unilaterally end paying the continuing state share while continuing to enjoy the advantages associated with compact has no basis in the compact, legislation or logic.’

Later final 12 months, nyc State declared the Seneca Nation to be in breach of its compact and delivered a demand for lawfully binding arbitration, which, months later, has yet to have underway.

The Senecas are planning ‘a flowing, landscaped entry boulevard’ to the Niagara Resort & Casino with ‘extensive landscaping, sculpture features. in the meantime’

‘We have very long viewed our Niagara Territory, and this vantage point of Seneca Niagara in particular, as standing during the door to Niagara Falls,’ said Seneca country President Todd Gates said in a declaration. ‘As many more people visit our resort and discover and rediscover the wonders of Niagara, we should make an immediate impression on them.’

Niagara Falls into Disrepair

However the actual City of Niagara Falls a community of around 50,000 people that battles to compete for an level that is economic its more popular Canadian namesake is scrambling to balance its budget without the amount of money it once relied on as a host community. The city has high crime rates, while around 60 percent of residents government assistance that is receive.

Mayor Paul Dyster recently announced Niagara Falls was scaling back jobs such as road improvements through not enough funds and wouldn’t rule out raising fees.

Meanwhile, city councilman Chris Voccio told radio that is local http://1xbets-giris.top/ WBFO this week that while the Senecas landscape their entry boulevard, the council will have to produce ‘some hard decisions’ this budget season.

Kansas Horse Racing Revival Bill Dies into the Senate

A legislative push aimed at rebuilding Kansas’ defunct horse and dog racing companies has fallen at the fence that is first.

The Kansas Senate in Topeka missed a chance to ‘right the incorrect,’ in the terms of Senator Bruce Givens, whose bill sought to regenerate the state’s extinct horseracing industry. (Image: Kansas Public Radio)

SB 427 sought to cut tax rates for racetracks, which supporters argue have been so punitive that they’ve killed off the once-thriving thoroughbred and quarter horseracing industry within the state.

However the bill was narrowly defeated in the Senate by 20-17, as opposing lawmakers argued the measure would break agreements that are existing the state and its four casino operators.

Despite its race heritage, the amount of racetracks operating today in Kansas is precisely zero. Its famous venues like Eureka Downs and Anthony Downs are shuttered, or in the case that is latter demolished. Horse breeders and owners are forced to travel to other states to compete in races.

Righting Wrongs

SB 427 would have slashed the 40 percent cut the racetracks paid to the continuing state when they had been operational to 22 per cent, on the basis of the amount currently paid by Kansas’ four ‘state owned’ gambling enterprises.

‘It creates the chance to, what I love to call, right the wrong. The wrong was when the Legislature raised the tax share from 22 per cent to 40 %,’ the bill’s sponsor, Senator Bruce Givens (R-Eldorado), told the Senate, including that he believed the bill would produce 4,000 jobs.

Senate Minority Leader Anthony Hensley (D-Topeka) consented. It was said by her would revive an industry that ‘really needs our assistance.’

‘We need to give the racetracks a chance that is second’ she stated.

‘Masochistic’ Litigation

But opponents cited a 2016 opinion from Kansas AG Derek Schmidt warning that the state’s casinos would probably file suit against the state for breach of contract and demand the reimbursement of millions in revenue-share re payments since their establishment in 2008.

There is a breach of agreement. There’s no relevant question those contracts had been supposed to be punitive,’ said Sen. Ty Masterson, R-Andover. ‘It’s just like we now have a masochistic desire for protracted litigation. I don’t understand what we’re doing.’

The Kansas casino sector is nominally ‘state-owned’ nevertheless the fact that the casinos would sue the state to protect their passions illustrates the truth they are anything but.

The bill attempted to handle this issue by allowing racetrack owners to submit a letter of credit promising to repay the casinos. Racetrack owners would then be refunded by the state, which will return 50 % of the racetracks’ revenue-share re payments until these were quits.

But also for Senator Vicki Schmidt (R-Topeka), this was too convoluted and the danger too high. She demanded to learn why the Senate would gamble on undermining a casino sector that had paid $513 million to state coffers over the decade that is past.

Nevada Gambling Enterprises Top $1 Billion in March, Sportsbooks Set Basketball Handle Record

Nevada casinos collectively won a lot more than $1 billion in March, which marks the industry’s 3rd month that is consecutive the celebratory threshold.

Fans once again packed the Westgate’s International Theater for March Madness, as sportsbooks around the state assisted Nevada casinos again conquer $1 billion. (Image: Chase Stevens/Las Vegas Review-Journal)

Statewide, gross video gaming revenue (GGR) totaled $1.024 billion, a 3.4 percent premium on March 2017. Casinos are now 2.85 percent in front of where they were this time year that is last the first 3 months in 2018.

The Strip ended up being mainly responsible for the revenue surge, as GGR came in 9.1 percent higher at nearly $574 million. Baccarat was the force that is driving as casinos won $114.8 million on the table game at a 14 percent win rate.

Penny slots accounted for the lion’s share of GGR statewide, with the machines winning $283.3 million. Baccarat was next at $117.2 million, then blackjack ($95.2 million), craps and sports operations (both at $34.1 million), and roulette ($29 million).

Nevada Gaming Control Board Senior Research Analyst Michael Lawton pointed out that January, February, and March’s $1 billion hauls are the time that is first 2008 that Silver State gambling enterprises have actually surpassed the 10-digit plateau in three consecutive months.

March 2018 benefited from an extra saturday when compared with the month in 2017. While gaming had been strong, the Las Vegas Convention and Visitors Authority (LVCVA) reported that visitor volume totaled 3.75 million, a nearly one percent drop.

Sportsbooks Prosper

Along with the healthy March video gaming report includes revenues from sportsbook operations. And month that is last oddsmakers scored a slam dunk on baseball.

A record $436.5 million was bet on the sport, the most coming on university’s NCAA March Madness. Sportsbooks reported a win rate of 8.71 percent, meaning hoops generated a lot more than $38 million for the house.

While the $436.5 million handle is a new high for basketball, oddsmakers actually won eight percent less than in March 2017 when they won over $41.2 million for a 9.6 % rate that is win.

March 2018 was the seventh straight March that posted a record that is new for baseball, as the appeal of gambling on the NCAA men’s basketball competition continues to increase.

Viva Strip

Perhaps the news that is best in the release is the fact that Strip revenues have reversed course after four consecutive monthly declines following the October 1 massacre. Strong baccarat play shows that site visitors from parts of asia are time for Las Vegas.

GGR along the Strip decreased from through January october. a main concern that is financial determining how long Asian visitors, that are critical to your main drag, would remain away.

Caesars CEO Mark Frissora stated in October that ‘people in Asia are very respectful of the deaths,’ and included regarding a mourning period, ‘I’ve heard it’s sometimes a time period of three, four months.’

Baccarat, the most popular game among travelers from Asian countries, saw win quantities fall in each of the four months, the largest to arrive December when the table game’s revenues retracted 30 percent.

But Frissora being told the mourning period would endure as much as four months seems accurate, as baccarat play has posted gains that are big February and March (respectively 83 % and 115 per cent). To date, GGR on the Strip is up 3.3 percent year.

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