Seneca Niagara Begins $40 Million Casino Beautification, Still No Payments to Cash-Strapped City
The Seneca country has announced it’s going to begin work for a $40 million makeover of the Seneca Niagara Resort & Casino in the City of Niagara Falls, because it continues to withhold revenue-share payments to the State of New York 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 gambling enterprises are bearing the duty.
The Senecas stopped making payments over a 12 months ago. Under the terms of a 2002 lightweight, they had been expected to contribute around $100 million per year to hawaii, a sum that had been then distributed between Albany, Buffalo, Niagara Falls and Salamanca, in change for the tribe’s exclusive right offer casino gaming in those cities.
Nevertheless the tribe stopped making repayments over a 12 months ago. The 2002 contract expired in 2016, but it ended up being 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,’ while the tribe’s assertion that it can ‘unilaterally end paying the continuing state share while continuing to enjoy the advantages of this compact has no basis in the compact, legislation or logic.’
Late year that is last nyc State declared the Seneca Nation become in violation of its compact and delivered a demand for legitimately binding arbitration, which, months later, has yet to get underway.
In the meantime, the Senecas are organizing ‘a flowing, landscaped entry boulevard’ to the Niagara Resort & Casino with ‘extensive gardening, sculpture features.’
‘We have very long seen our Niagara Territory, and this vantage point of Seneca Niagara in particular, as standing during the door to Niagara Falls,’ said Seneca Nation President Todd Gates said in a statement. ‘As many more people check out 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 struggles to compete on 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 receive government assistance.
Mayor Paul Dyster recently announced Niagara Falls was scaling back jobs such as road improvements through not enough funds and wouldn’t rule out taxes that are raising.
Meanwhile, city councilman Chris Voccio told neighborhood radio station WBFO this week that while the Senecas landscape their entry boulevard, the council will have to produce ‘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 fallen at the fence that is first.
The Kansas Senate in Topeka missed a possibility to ‘right the incorrect,’ in the words of Senator Bruce Givens, whose bill sought to revive the state’s extinct horseracing industry. (Image: Kansas Public Radio)
SB 427 sought to cut income tax rates for racetracks, which supporters argue have been so punitive that they have killed off the once-thriving thoroughbred and quarter horseracing industry in the state.
However the bill was narrowly defeated into the Senate by 20-17, as opposing lawmakers argued the measure would break current agreements between the state and its four casino operators.
Despite its racing heritage, the amount of racetracks operating today in Kansas is precisely zero. Its famous venues like Eureka Downs and Anthony Downs are shuttered, or within the case that is latter 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 to the continuing state whenever they were functional to 22 %, on the basis of the quantity presently paid by Kansas’ four ‘state owned’ casinos.
‘It creates the chance to, just what I like to call, right the wrong. The incorrect 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 the bill was believed by him would create 4,000 jobs.
Senate Minority Leader Anthony Hensley (D-Topeka) consented. She said it would revive a business that ‘really requires our assistance.’
‘We need to offer the racetracks a 2nd chance,’ she said.
But opponents cited a 2016 viewpoint from Kansas AG Derek Schmidt warning that the state’s casinos would likely register suit against hawaii for breach of contract and demand the reimbursement of millions in revenue-share payments since their establishment in 2008.
There exists a breach of contract. There’s no concern those agreements were meant to be punitive,’ said Sen. Ty Masterson, R-Andover. ‘It’s almost like we now have a desire that is masochistic protracted litigation. I don’t understand what we’re doing.’
The Kansas casino sector is nominally ‘state-owned’ but the fact that the casinos would sue the state to protect their passions illustrates the truth they are anything but.
The bill attempted to deal with this problem by allowing racetrack owners to submit a letter of credit promising to settle the casinos. Racetrack owners would then be refunded by the state, which would return half of the racetracks’ revenue-share payments until they certainly were quits.
However for Senator Vicki Schmidt (R-Topeka), this was too convoluted and the chance too high. She demanded to understand 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 more than $1 billion in March, which marks the industry’s 3rd month that is consecutive the celebratory threshold.
Fans again packed the Westgate’s Global Theater for March Madness, as sportsbooks around the continuing 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 ahead of where they were this time year that is last the very first 90 days in 2018.
The Strip ended up being chiefly responsible for the revenue surge, as GGR came in 9.1 percent higher at almost $574 million. Baccarat was the driving force, as casinos won $114.8 million up for grabs 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 first time since 2008 that Silver State casinos have surpassed the 10-digit plateau in three consecutive months.
March 2018 benefited from A saturday that is extra compared the thirty days 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.
Combined with March that is healthy gaming includes revenues from sportsbook operations. And month that is last oddsmakers scored a slam dunk on basketball.
A record $436.5 million was bet on the sport, the most coming on college’s NCAA March Madness. Sportsbooks reported a rate that is win of percent, meaning hoops generated a lot more than $38 million for your house.
While the $436.5 million handle is just a new high for basketball, oddsmakers actually won eight percent less than in March 2017 once they won over $41.2 million on a 9.6 % win rate.
March 2018 was the seventh straight March that posted a record that is new for basketball, as the popularity of gambling on the NCAA men’s basketball tournament continues to increase.
Perhaps the news that is x1bet mobil best within the release is that Strip revenues have reversed course after four consecutive monthly declines following a October 1 massacre. Strong baccarat play implies that site visitors from parts of asia are returning to Las Vegas.
GGR along the Strip reduced from October through January. a main concern that is financial determining the length of time Asian visitors, which are critical to your main drag, would stay away.
Caesars CEO Mark Frissora said in October that ‘people in Asia are respectful of the deaths,’ and added regarding a mourning period, ‘I’ve heard so it’s sometimes a period of three, four months.’
Baccarat, the most popular game among travelers 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 as much as four months seems accurate, as baccarat play has posted big gains in February and March (respectively 83 % and 115 per cent). To date, GGR on the Strip is up 3.3 percent year.