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The Seneca Niagara Casino located in Niagara Falls, New York, USA was founded in December 2002. Seneca Niagara Casino Gaming Options. Spread over an area of 147,000 square feet, the casino has an extensive range of gaming options from slots and table games to poker and keno.
The Seneca Nation of Indians announced this week that it would be ceasing all payments of slots-based revenues to the state of New York, effective April 1, 2017. The decision is a result of a certain provision of the Nation’s agreement with the state having run its course. The Nation has been making such annual payments of $110-120 million, one-third of total casino slots revenue, to the state since 2002. The final payment is expected to reach $30 million.
The compact signed between state and the Seneca nation provided a 21-year exclusivity agreement on gaming operations in a large western section of the state. The compact also allowed for the annual payments to cease after year 14 of the agreement. Casino extreme no deposit bonus codes 2019. This is the 15th year to pass since the signing in 2002 and the agreement will continue to be upheld until 2023. As a result, tribal leaders have decided to cease making those annual payments. To date, the Seneca Nation has paid over $1.5 billion in gaming revenue tax to the State of New York.
Seneca President Todd Gates released a statement on Wednesday where he said, “The Seneca Nation has followed the terms of our gaming compact since 2002 and we will continue to do so until it expires in 2023. As written in the compact, the Nation provided a share of our revenue to the state through the end of last year.” He went into further detail on the future relations with the state, adding “Although the revenue share has ended, we remain committed to being good neighbors in the communities where we have gaming facilities and we look forward to working directly with them to continue the economic progress of Western New York.’’
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Gates addressed the Seneca Nation in his annual State of the Nation address and revealed the decision, much to the appreciation of tribe members. Gates reportedly contacted New York’s Governor Andrew Cuomo on Thursday to go over the decision, who responded with what Gates told a local news outlet was “measured surprise” and that the ensuing conversation was a cordial one. The lucky dragon casino las vegas location.
Reactions from Tribal Members
Tribal members were less than cordial when discussing the state’s agreement on taxing tribal gaming revenue, with one member responding to the slowing casino business and state-involvement in tribal operations. Revenues are expected to dip as much as $20 million this year due to expanded gaming activity on New York’s northern border.
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One tribal member and reservation resident, offered his perspective on the matter, stating “They’ve been taking our money for a long time now” adding “They don’t help us any. They’re going to use us to pay their bills off and that’s not right.” The resident, identified only as Kyle, communicated fears that the state would attempt to recoup losses from the ending payments by taxing reservation residents.
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The Seneca Nation’s decision comes on the cusp of Governor Cuomo and State officials’ attempts to complete the 2017-18 state budget. The governor’s office has fingered Niagara Falls to bear the brunt of the loss in funds. The region received near $20 million annually from the Seneca Niagara Casino & Hotel.