Seneca Niagara Begins $40 Million Casino Beautification, Still No Payments to Cash-Strapped City

The Seneca Nation has announced it’ll 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 ny and communities that are local.

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 gambling enterprises are bearing the burden.

The Senecas stopped payments that are making 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.

But the tribe stopped payments that are making a year ago. The 2002 agreement 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.

Their state has stated here are ‘no legitimacy to these claims,’ while the tribe’s assertion that it can ‘unilaterally end paying the state share while continuing to enjoy the advantages associated with compact has no basis in the compact, legislation or logic.’

Later last year, New York State declared the Seneca Nation become in breach of its compact and delivered a demand for legitimately binding arbitration, which, months later, has yet to have underway.

The Senecas are planning ‘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 that is front Niagara Falls,’ said Seneca Nation President Todd Gates said in a declaration. ‘As many more people check out our resort and discover and rediscover the wonders of Niagara, we want to 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 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 enjoy government assistance.

Mayor Paul Dyster recently announced Niagara Falls had been scaling back jobs such as road improvements http://1xbets-giris.top/ through not enough funds and wouldn’t rule out raising fees.

Meanwhile, city councilman Chris Voccio told regional 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 into 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 possibility to ‘right the incorrect,’ in the terms of Senator Bruce Givens, whoever bill sought to revive 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 in the state.

However 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 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 the state whenever they were operational to 22 percent, in line with the quantity currently paid by Kansas’ four ‘state owned’ gambling enterprises.

‘It creates the ability to, just what I love to phone, right the incorrect. The wrong was when the Legislature raised the tax share from 22 % to 40 percent,’ the bill’s sponsor, Senator Bruce Givens (R-Eldorado), told the Senate, adding that he believed the bill would create 4,000 jobs.

Senate Minority Leader Anthony Hensley (D-Topeka) consented. She said it would revive a business that ‘really needs our assistance.’

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

‘Masochistic’ Litigation

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

There’s a breach of agreement. There’s no 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’re doing.’

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

The bill attempted to address this 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 will return half of the racetracks’ revenue-share payments until they were quits.

But also for Senator Vicki Schmidt (R-Topeka), this had been too convoluted and the risk 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 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 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 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 first 3 months in 2018.

The Strip had been chiefly 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 out that January, February, and March’s $1 billion hauls are the time that is first 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 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.

Sportsbooks Prosper

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

A record $436.5 million had been 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 home.

While the $436.5 million handle is really a new high for baseball, oddsmakers actually won eight percent less than in March 2017 once 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 basketball, as the popularity of gambling on the NCAA men’s baseball tournament continues to increase.

Viva Strip

Perhaps the news that is best within the launch is that Strip revenues have reversed course after four consecutive monthly declines following the October 1 massacre. Strong baccarat play suggests that site visitors from Asian countries are returning to Las Vegas.

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

Caesars CEO Mark Frissora said in October that ‘people in Asia are extremely respectful of the deaths,’ and added regarding a mourning period, ‘I’ve heard so it’s sometimes a time period of three, four months.’

Baccarat, the most popular game among people 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 percent.

But Frissora being told the mourning period would endure as much as four months seems accurate, as baccarat play has published gains that are big February and March (respectively 83 % and 115 per cent). To date, GGR on the Strip is up 3.3 percent year.