Seneca Niagara Begins $40 Million Casino Beautification, Still No Payments to Cash-Strapped City
The Seneca Nation has announced it’s going to begin work on a $40 million makeover of the Seneca Niagara Resort & Casino in the town of Niagara Falls, because 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 between your Seneca Nation and hawaii of New York shows no signs of progress, and the communities that host the tribe’s gambling enterprises are bearing the responsibility.
The Senecas stopped payments that are making a 12 months ago. Under the terms of a 2002 lightweight, they had been anticipated to contribute around $100 million a year to their state, a sum that ended up being then distributed between Albany, Buffalo, Niagara Falls and Salamanca, in trade for the tribe’s exclusive right offer casino gaming in those cities.
But the tribe stopped making payments over a year ago. The 2002 contract expired in 2016, but it was stipulated within that it would roll over for another seven years, provided there were no objections from either celebration.
‘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.
The state has stated there are ‘no legitimacy to these claims,’ while the tribe’s assertion so it can ‘unilaterally end paying the continuing state share while continuing to enjoy the huge benefits for the compact has no basis in the compact, law or logic.’
Late year that is last ny State declared the Seneca Nation to be in violation of its compact and delivered an interest in lawfully binding arbitration, which, months later, has yet to get underway.
In the meantime, the Senecas are planning ‘a flowing, landscaped entry boulevard’ to the Niagara Resort & Casino with ‘extensive landscaping, sculpture features.’
‘We have very long seen our Niagara Territory, and this vantage point of Seneca Niagara in particular, as standing at the door that is front Niagara Falls,’ said Seneca country President Todd Gates said in a declaration. ‘As many more people go to our resort and discover and rediscover the wonders of Niagara, we should make an impression that is immediate them.’
Niagara Falls into Disrepair
But the actual City of Niagara Falls a community of around 50,000 people that battles to compete on an level that is economic its more popular Canadian namesake is scrambling to balance its spending plan without the amount of money it once relied on as a host community. The town has high crime rates, while around 60 percent of residents government assistance that is receive.
Mayor Paul Dyster recently announced Niagara Falls had been scaling back projects such as road improvements through lack of funds and wouldn’t rule out raising taxes.
Meanwhile, city councilman Chris Voccio told radio that is local WBFO this week that while the Senecas landscape their entry boulevard, the council will have in order to make ‘some difficult decisions’ this budget season.
Kansas Horse Racing Revival Bill Dies within the Senate
A legislative push aimed at rebuilding Kansas’ defunct horse and dog racing industries has dropped at the first fence.
The Kansas Senate in Topeka missed a chance to ‘right the wrong,’ in the terms of Senator Bruce Givens, whose bill sought to bring back the state’s extinct horseracing industry. (Image: Kansas Public Radio)
SB 427 desired to cut tax rates for racetracks, which supporters argue have been therefore punitive that they have killed off the once-thriving thoroughbred and quarter horseracing industry in the state.
But the bill was narrowly defeated into the Senate by 20-17, as opposing lawmakers argued the measure would break existing agreements between the state and its four casino operators.
The number of racetracks operating today in Kansas is precisely zero despite its racing heritage. Its famous venues like Eureka Downs and Anthony Downs are shuttered, or in the latter case, demolished. Horse breeders and owners are forced to go to other states to compete in races.
SB 427 would have slashed the 40 percent slice the racetracks paid towards the continuing state when they had been operational to 22 %, on the basis of the quantity currently paid by Kansas’ four ‘state owned’ gambling enterprises.
‘It creates the ability to, just what I like to call, right the wrong. The wrong was when the Legislature raised the tax share from 22 per cent to 40 percent,’ 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) agreed. She said it would revive a business that ‘really needs our help.’
‘We need to give the racetracks a 2nd chance,’ she stated.
But opponents cited a 2016 opinion from Kansas AG Derek Schmidt warning that the state’s casinos would likely register suit against their state for breach of agreement and need the reimbursement of millions in revenue-share payments since their establishment in 2008.
There is a breach of agreement. There’s no question those agreements were supposed to be punitive,’ said Sen. Ty Masterson, R-Andover. ‘It’s just like we have a masochistic desire for protracted litigation. I actually don’t understand what we’re doing.’
The Kansas casino sector is nominally ‘state-owned’ nevertheless the known proven fact that the casinos would sue the state to protect their interests illustrates the truth they are anything but.
The bill attempted to deal with this presssing issue by allowing racetrack owners to submit a letter of credit promising to repay the casinos. Racetrack owners would be refunded by then the state, which would return 50 % of the racetracks’ revenue-share payments until these were quits.
But also for Senator Vicki Schmidt (R-Topeka), this was too convoluted and the chance 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 Casinos Top $1 Billion in March, Sportsbooks Set Basketball Handle Record
Nevada casinos collectively won significantly more than $1 billion in March, which marks the industry’s 3rd consecutive month eclipsing the celebratory threshold.
Fans once again stuffed the Westgate’s Global Theater for March Madness, as sportsbooks around the continuing state aided Nevada casinos again conquer $1 billion. (Image: Chase Stevens/Las Vegas Review-Journal)
Statewide, gross 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 chiefly responsible for the revenue surge, as GGR came in 9.1 percent higher at nearly $574 million. Baccarat was the force xbet giriş 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 down that January, February, and March’s $1 billion hauls are the time that is first 2008 that Silver State casinos have actually surpassed the 10-digit plateau in three consecutive months.
March 2018 benefited from A saturday that is extra compared the month in 2017. While gaming ended up being strong, the Las Vegas Convention and Visitors Authority (LVCVA) reported that visitor volume totaled 3.75 million, a nearly one percent drop.
Along with the healthy March gaming report includes revenues from sportsbook operations. And final month, oddsmakers scored a slam dunk on baseball.
A record $436.5 million was bet on the sport, the most coming on college’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 really a new high for basketball, oddsmakers actually won eight percent less compared to March 2017 if they won over $41.2 million for a 9.6 percent rate that is win.
March 2018 was the seventh straight March that posted a record that is new for baseball, once the popularity of gambling on the NCAA men’s baseball competition continues to increase.
Perhaps the best news within the release is Strip revenues have reversed course after four consecutive monthly declines following a October 1 massacre. Strong baccarat play suggests that site visitors from parts of asia are returning to Las Vegas.
GGR along the Strip decreased from October through January. a primary concern that is financial determining how long Asian visitors, which are critical towards the main drag, would remain away.
Caesars CEO Mark Frissora stated in October that ‘people in Asia are respectful of the deaths,’ and included regarding a mourning period, ‘I’ve heard so it’s sometimes a time period of three, four months.’
Baccarat, the most popular game among tourists from Asian nations, saw win amounts fall in each of the four months, the largest arriving December when the table game’s revenues retracted 30 %.
But Frissora being told the mourning period would endure up to four months seems accurate, as baccarat play has posted gains that are big February and March (respectively 83 per cent and 115 percent). Year to date, GGR in the Strip is up 3.3 percent.