Another $9.5 million in slot machine revenue is headed to the City of Niagara Falls and other entities entitled to a cut of the local gaming action.
The latest allocation brings the city’s total 2007 share to a little more than $18 million. Under a cash distribution agreement approved by state lawmakers, the city’s portion of the revenue will be shared with the Niagara Falls School District, Niagara Falls Memorial Medical Center, Niagara County and the Niagara Frontier Transportation Authority for the construction of the new airport terminal.
Seneca Gaming Corp. spokesperson Phil Pantano said the city’s slot machine cut for all of 2006 was a little more than $14 million.
The Seneca Nation on Tuesday announced that it delivered a total of $57.3 million in slot machine earnings to the state last month. The figure represents 22 percent of the “net” slot revenues generated by Seneca Niagara Casino and Hotel, Seneca Allegany Casino and Hotel and the temporary Seneca Buffalo Creek Casino during the second half of 2007. Net revenues include the amount collected after cash prizes are awarded, but before expenses.
“The Seneca Nation has always honored its agreements and continues to live up to the terms our compact agreement with New York state,” Seneca Nation President Maurice John Sr. said in a statement. “The revenues generated at our facilities have supported several important projects throughout Western New York and will continue to have a positive impact on the local community.”
Pantano said the increase in 2007 slot revenues had to do with better returns at the Falls casino and a change in the Nation’s gaming agreement with the state. On Jan. 1, 2007, the slot percentage delivered to New York increased from 18 percent to 22 percent. In total, the Nation has made more than $357 million in payments to the state since Seneca Niagara Casino opened on Dec. 31, 2002.
“The more money we bring in and the better we do as a company, the more money goes to the state and the more revenue comes back locally,” Pantano said.
Seneca Niagara Casino and Hotel remains the Nation’s top draw, accounting for $38.1 million of the total slot revenues delivered to the state. Seneca Allegany Casino and Hotel accounted for $16.3 million and a little more than $2.8 million came from the temporary casino in Buffalo.
“Our enterprises have created thousands of jobs for local residents, tremendous opportunities for local businesses and needed revenue for local governments,” John said.
Local News
CASINO CASH: City’s annual share of slot revenue increases by $4M
- Local News
-
-
Child run over be car on Niagara Avenue
Falls Traffic Division investigators said an 11-year-old boy was struck after he darted into the street, in front of a car as it pulled away from a stop sign.
-
Militello paid $50K to leave Niagara-Wheatfield
Former Niagara-Wheatfield Superintendent Carl Militello is receiving a $50,000 from the district, according to a separation settlement agreed to on Feb. 1.
-
Autopsy unable to determine cause or time of Judith Burr’s death
An autopsy by an Erie County Medical Examiner has failed to determine either the time of death or the cause of death of Judith Burr.
-
Gerber resigns from SPCA board; calls for adding veterinarian to staff
A Town of Niagara veterinarian and long-time member of the SPCA of Niagara Board of Directors has stepped down.
Dr. William Gerber submitted his resignation on Tuesday. It was effective immediately. -
Has NYPA relicensing agreement led to a revival?
A state senator is calling for an audit of the low-cost power and cash used in the last seven years by Niagara County entities that have shared in the benefits of the 50-year relicensing agreement with the New York Power Authority.
-
Joseph Davis State Park gets some green
Officials in the Town of Lewiston received approval Thursday to spend a significant portion of the community’s incoming greenway funds on the redevelopment of Joseph Davis State Park.
-
Search continues for Falls jumper
State Park Police were still searching Thursday for a Falls man who jumped from the rapids bridge at Goat Island on Wednesday morning.
-
NU gets helping hand for campus projects
A new county entity formed to help organizations secure bond financing agreed on Wednesday to assist Niagara University in the development of its new science center, a proposed refurbishment at Meade Hall and other campus improvements totaling $48 million.
-
One Niagara tax break denied
It’s a no-go for a proposed tax break at One Niagara.
At least for now. -
County IDA adds local hiring clause
From now on, applicants seeking assistance through the Niagara County Industrial Development Agency will be expected to demonstrate their “best efforts” in hiring local workers for subsidized projects.
- More Local News Headlines
-
Denver's Largest-Ever Drug Bust Nets Dozens
Marines: No Punishment for Nazi-like Flag
Vets Look to Translate Military Skills Into Jobs
Expert: Removing LA School's Staff 'Appropriate'
Raw Video: School Bus Burst Into Flames
LA School Reopens Amid Sex Abuse Scandal
$25B Settlement Reached Over Foreclosure Abuses
Pentagon: Allow Women Closer to Front Lines
Obama Gives Education Waivers to 10 States
Giffords Aide to Run for Her Seat
LA School in Sex Abuse Scandal Reopens
Winter Slamming North Asia, Parts of Europe
Syrian Forces Renew Bombardment of Homs
States, Banks Reach Foreclosure-abuse Settlement
Raw Video: Italy's Mount Etna Bursts Into Life
Greeks March; Angry Despite Debt Deal
Raw Video: U.S. Pullout Celebration
Raw Video: Annual Empire State Building Run-Up
Man Killed in Courthouse Shootout
Air Force Airlines: Leaders Get Polished Service
