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 re payments to the State of nyc and communities that are local.

The Seneca Niagara Resort & Casino has announced its big revamp, but meanwhile the standoff between the Seneca Nation and the State 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 year 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 12 months 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 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.

Hawaii has said here are ‘no legitimacy to these claims,’ as well as the tribe’s assertion so it can ‘unilaterally end paying the state share while continuing to enjoy the huge benefits associated with the compact has no foundation in the compact, law or logic.’

Later final 12 months, nyc State declared the Seneca Nation become in violation of its compact and delivered a demand for lawfully binding arbitration, which, months later, has yet to have 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 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 Nation President Todd Gates said in a declaration. ‘As many more people go to our resort and discover and rediscover the wonders of Niagara, you want to 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 for an financial degree with its more popular Canadian namesake is scrambling to balance its budget without the 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 projects such as road improvements through not enough funds and wouldn’t rule out taxes that are raising.

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 hard 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, whoever bill sought to bring back the state’s extinct horseracing industry. (Image: Kansas Public Radio)

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

But the bill was narrowly defeated within 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 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 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 your continuing state whenever they had been functional to 22 percent, in line with the amount currently paid by Kansas’ four ‘state owned’ casinos.

‘It creates the ability to, just what I like to phone, right the incorrect. The incorrect 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, adding that he believed the bill would produce 4,000 jobs.

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

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

‘Masochistic’ Litigation

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

There exists a breach of agreement. There’s no relevant concern those agreements were supposed to be punitive,’ said Sen. Ty Masterson, R-Andover. ‘It’s just like we have a desire that is masochistic protracted litigation. I really don’t understand what we’re doing.’

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

The bill attempted to handle this presssing issue 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 may return 1 / 2 of the racetracks’ revenue-share payments until they were quits.

But for Senator Vicki Schmidt (R-Topeka), this had been too convoluted and the risk 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 past decade.

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 third consecutive month eclipsing the celebratory threshold.

Fans again stuffed the Westgate’s Global Theater for March Madness, as sportsbooks around the state helped Nevada casinos again make an impression on $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 last year through 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 almost $574 million. Baccarat was the force that is driving 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 away 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 an extra saturday when compared with the thirty days 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.

Sportsbooks Prosper

Combined with March that is healthy gaming includes revenues from sportsbook operations. And final month, oddsmakers scored a slam dunk on baseball.

A record $436.5 million had been 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 a new high for basketball, oddsmakers actually won eight percent less than in March 2017 if they won over $41.2 million for a 9.6 % win rate.

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

Viva Strip

Perhaps the news that is http://1xbets-giris.top/ best in the release is that Strip revenues have reversed course after four consecutive monthly declines following October 1 massacre. Strong baccarat play shows that visitors from parts of asia are returning to Las Vegas.

GGR along the Strip decreased from through January october. a main financial concern was determining the length of time Asian visitors, which are critical to your main drag, would stay away.

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

Baccarat, the most popular game among tourists from Asian countries, saw win amounts fall in each of the four months, the largest coming in December when the table game’s revenues retracted 30 %.

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