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 town of Niagara Falls, because it continues to withhold revenue-share 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 involving the 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 duty.

The Senecas stopped payments that are making a 12 months ago. Under the terms of a 2002 compact, they were anticipated to contribute around $100 million per year to their state, a sum that was then distributed between Albany, Buffalo, Niagara Falls and Salamanca, in change for the tribe’s exclusive right offer casino gaming in those cities.

However the tribe stopped payments that are making a year 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 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,’ plus the tribe’s assertion it can ‘unilaterally end paying the continuing state contribution while continuing to enjoy the huge benefits regarding the compact has no foundation in the compact, law or logic.’

Late last year, nyc State declared the Seneca Nation to be in violation of its compact and delivered a demand for lawfully 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 that is front Niagara Falls,’ stated 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 struggles to compete for an level that is economic its more popular Canadian namesake is scrambling http://1xbets-giris.top/ to balance its spending plan without the money it once relied on as a host community. The town has high crime rates, while around 60 percent of residents accept government assistance.

Mayor Paul Dyster recently announced Niagara Falls had been 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 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 fence that is first.

The Kansas Senate in Topeka missed a chance to ‘right the wrong,’ in the words of Senator Bruce Givens, whose bill sought to regenerate the state’s extinct horseracing industry. (Image: Kansas Public Radio)

SB 427 desired to cut tax rates for racetracks, which supporters argue have already been therefore punitive that they 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 violate current agreements between the state and its four casino operators.

Despite its race heritage, the quantity of racetracks operating today in Kansas is precisely zero. Its famous venues like Eureka Downs and Anthony Downs are shuttered, or into the second case, 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 towards the continuing state when they had been functional to 22 %, on the basis of the quantity currently paid by Kansas’ four ‘state owned’ casinos.

‘It creates the opportunity to, exactly what I like to phone, right the incorrect. The incorrect was when the Legislature raised the tax share from 22 percent to 40 %,’ 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) agreed. She said it would revive a business that ‘really requires 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 likely file suit against their state for breach of contract and need the reimbursement of millions in revenue-share payments since their establishment in 2008.

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

The Kansas casino sector is nominally ‘state-owned’ however the known 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 deal with this presssing issue 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 will return 1 / 2 of the racetracks’ revenue-share payments until these people were quits.

But for Senator Vicki Schmidt (R-Topeka), this was 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 previous decade.

Nevada Gambling Enterprises 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 month that is consecutive the celebratory threshold.

Fans once again packed the Westgate’s Overseas Theater for March Madness, as sportsbooks around the 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 ahead of where they were this time year that is last the first 3 months in 2018.

The Strip was mainly 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 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 time that is first 2008 that Silver State gambling enterprises have actually 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 was 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 healthier March video gaming report includes revenues from sportsbook operations. And final month, 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 win rate of 8.71 percent, meaning hoops generated more than $38 million for your house.

While the $436.5 million handle is a new high for basketball, oddsmakers actually won eight percent less than in 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, because the popularity of gambling on the NCAA men’s basketball competition continues to increase.

Viva Strip

Perhaps the most readily useful news in the release is Strip revenues have actually reversed course after four consecutive monthly declines following the October 1 massacre. Strong baccarat play suggests that visitors from parts of asia are going back to Las Vegas.

GGR along the Strip reduced from October through January. a primary financial concern was determining how long Asian visitors, which are critical to your main drag, would remain away.

Caesars CEO Mark Frissora said in that ‘people in Asia are very respectful of the deaths,’ and included regarding a mourning duration, ‘I’ve heard that it is sometimes a time period of three, four months. october’

Baccarat, the most game that is popular travelers from Asian nations, saw win quantities 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 as much as four months seems accurate, as baccarat play has published gains that are big February and March (respectively 83 percent and 115 per cent). To date, GGR on the Strip is up 3.3 percent year.