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, since it continues to withhold revenue-share payments to the State of New York and local communities.
The Seneca Niagara Resort & Casino has announced its big revamp, but meanwhile the standoff between your Seneca Nation and their state 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 year ago. Under the terms of a 2002 compact, they had been expected to contribute around $100 million a year to hawaii, 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.
Nevertheless the tribe stopped payments that are making a year ago. The 2002 agreement 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 celebration.
‘Defying Law and Logic’
But the Senecas argue that there was no particular clause within the agreement that said revenue-share payments would continue beyond 2016.
Their state has stated here are ‘no legitimacy to these claims,’ plus the tribe’s assertion so it can ‘unilaterally end paying the state contribution while continuing to enjoy the benefits of the compact has no foundation in the compact, law or logic.’
Later final year, nyc State declared the Seneca Nation become in breach of its compact and delivered an interest in legally binding arbitration, which, months later, has yet getting underway.
The Senecas are organizing ‘a flowing, landscaped entry boulevard’ to the Niagara Resort & Casino with ‘extensive landscaping, sculpture features. within the meantime’
‘We have long seen our Niagara Territory, and this vantage point of Seneca Niagara in particular, as standing at the door to Niagara Falls,’ said Seneca country President Todd Gates said in a statement. ‘As many more people see our resort and discover and rediscover the wonders of Niagara, we should make an impression that is immediate them.’
Niagara Falls into Disrepair
However the actual City of Niagara Falls a community of around 50,000 people that struggles to compete on an financial level with its more popular Canadian namesake is scrambling to balance its budget without the funds 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 was scaling back projects such as road improvements through lack of funds and wouldn’t rule out raising fees.
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 to make ‘some hard decisions’ this budget season.
Kansas Horse Racing Revival Bill Dies in the Senate
A legislative push aimed at rebuilding Kansas’ defunct horse and dog racing companies has fallen at the first fence.
The Kansas Senate in Topeka missed a chance to ‘right the wrong,’ in the expressed terms of Senator Bruce Givens, whoever bill sought to bring back the state’s extinct horseracing industry. (Image: Kansas Public Radio)
SB 427 sought to cut tax rates for racetracks, which supporters argue have been therefore punitive that they’ve killed off the once-thriving thoroughbred and quarter horseracing industry within the state.
But the bill was narrowly defeated in the Senate by 20-17, as opposing lawmakers argued the measure would break current 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 within the latter case, demolished. Horse breeders and owners are forced to travel to other states to compete in races.
SB 427 would have slashed the 40 percent cut the racetracks paid towards the continuing state when they were functional to 22 per cent, on the basis of the quantity presently paid by Kansas’ four ‘state owned’ casinos.
‘It creates the ability to, exactly what I love to phone, right the incorrect. 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, adding that the bill was believed by him would create 4,000 jobs.
Senate Minority Leader Anthony Hensley (D-Topeka) agreed. It was said by her would revive a business that ‘really needs our assistance.’
‘We need to give the racetracks a chance that is second’ she stated.
But opponents cited a 2016 opinion from Kansas AG Derek Schmidt warning that the state’s casinos would file suit against likely hawaii for breach of agreement and need the reimbursement of millions in revenue-share http://1xbets-giris.top/ re payments since their establishment in 2008.
There’s a breach of contract. There’s no relevant question those contracts had been supposed to be punitive,’ said Sen. Ty Masterson, R-Andover. ‘It’s almost like we’ve a desire that is masochistic protracted litigation. I don’t understand what we’re doing.’
The Kansas casino sector is nominally ‘state-owned’ nevertheless the undeniable fact that the casinos would sue the state to protect their passions illustrates the truth which they are anything but.
The bill attempted to address this presssing problem 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 would return half of the racetracks’ revenue-share payments until they were quits.
But also for Senator Vicki Schmidt (R-Topeka), this ended up being too convoluted and the chance too high. She demanded to know why the Senate would gamble on undermining a casino sector that had paid $513 million to state coffers over the past decade.
Nevada Gambling Enterprises 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 third consecutive month eclipsing the celebratory threshold.
Fans again packed the Westgate’s Overseas Theater for March Madness, as sportsbooks around the state aided Nevada casinos again win over $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 ahead of where they were this time last 12 months through the first 90 days in 2018.
The Strip had been chiefly 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 away that January, February, and March’s $1 billion hauls are the first time since 2008 that Silver State gambling enterprises 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 university’s NCAA March Madness. Sportsbooks reported a rate that is win of percent, meaning hoops generated 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 once they won over $41.2 million for a 9.6 percent win rate.
March 2018 was the seventh straight March that posted a record that is new for basketball, once the appeal of gambling on the NCAA men’s basketball competition continues to increase.
Perhaps the news that is best within the launch is Strip revenues have reversed course after four consecutive monthly declines following October 1 massacre. Strong baccarat play shows that site visitors from Asian countries are time for Las Vegas.
GGR along the Strip decreased from through January october. a primary financial concern was determining the length of time Asian visitors, which are critical to the main drag, would stay away.
Caesars CEO Mark Frissora stated in October that ‘people in Asia have become respectful of the deaths,’ and added regarding a mourning period, ‘I’ve heard that it’s sometimes a time period of three, four months.’
Baccarat, the most game that is popular tourists from Asian nations, saw win quantities 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 published big gains in February and March (respectively 83 percent and 115 per cent). To date, GGR on the Strip is up 3.3 percent year.