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 on 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 big revamp, but meanwhile the standoff involving the Seneca Nation and the 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 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.

Nevertheless the tribe stopped making payments over 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 party.

‘Defying Law and Logic’

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

The state has said here are ‘no legitimacy to these claims,’ plus the tribe’s assertion it can ‘unilaterally end paying the continuing state share while continuing to enjoy the advantages for the compact has no basis in the compact, law or logic.’

Later year that is last nyc State declared the Seneca country become in breach of its compact and delivered a demand for lawfully 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 landscaping, sculpture features.’

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

Niagara Falls into Disrepair

Nevertheless the actual City of Niagara Falls a community of around 50,000 people that battles to compete for an economic level with its more popular Canadian namesake is scrambling to balance its budget without the 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 not enough funds and wouldn’t rule out taxes that are raising.

Meanwhile, city councilman Chris Voccio told local radio station WBFO this week that while the Senecas landscape their entry boulevard, the council will have to make ‘some difficult 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 dropped at the fence that is first.

The Kansas Senate in 1xbet canlı Topeka missed a chance to ‘right the incorrect,’ in the expressed 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 income tax rates for racetracks, which supporters argue have been therefore punitive that they will have killed off the once-thriving thoroughbred and quarter horseracing industry in the state.

Nevertheless 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 into the case that is latter demolished. Horse breeders and owners are forced to journey to other states to compete in races.

Righting Wrongs

SB 427 would have slashed the 40 percent cut the racetracks paid to your continuing state whenever they were functional to 22 %, on the basis of the amount currently paid by Kansas’ four ‘state owned’ gambling enterprises.

‘It creates the chance to, exactly what I love to phone, right the wrong. The wrong was when the Legislature raised the tax share from 22 percent to 40 per cent,’ 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 help.’

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

‘Masochistic’ Litigation

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

There’s a breach of agreement. There’s no relevant question those contracts had been 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 are doing.’

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

The bill attempted to handle this presssing problem by allowing racetrack owners to submit a letter of credit promising to settle the casinos. Racetrack owners would be refunded by then the state, which may return half of the racetracks’ revenue-share re payments until they certainly were quits.

However for Senator Vicki Schmidt (R-Topeka), this ended up being 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 gambling enterprises collectively won a lot more than $1 billion in March, which marks the industry’s 3rd consecutive month eclipsing the celebratory threshold.

Fans again stuffed the Westgate’s Global Theater for March Madness, as sportsbooks around the continuing state aided Nevada casinos again make an impression on $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 last 12 months through the very 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 driving force, 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 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.

Sportsbooks Prosper

Combined with March that is healthy gaming 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 college’s NCAA March Madness. Sportsbooks reported a win rate of 8.71 percent, meaning hoops generated more than $38 million for the home.

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

March 2018 was the seventh straight March that posted a brand new record handle for baseball, while the popularity of gambling on the NCAA men’s baseball tournament continues to increase.

Viva Strip

Perhaps the most readily useful news in the release is that Strip revenues have actually reversed course after four consecutive monthly declines following October 1 massacre. Strong baccarat play implies that visitors from Asian countries are returning to Las Vegas.

GGR along the Strip decreased from October through January. a primary financial concern was determining the length of time Asian visitors, that are critical to the main drag, would remain away.

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

Baccarat, the most game that is popular people from Asian nations, saw win amounts fall in each of the four months, the largest coming in December when the table game’s revenues retracted 30 percent.

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