Tag Archives: New York
Niagara Falls could go broke without Seneca slots revenue
September 19, 2017Niagara Falls could go broke if New York State’s casino dispute with the Seneca Nation of Indians isn’t resolved by the end of the year. On Tuesday, the state Comptroller’s Office issued an audit indicating that the City of Niagara Falls will have exhausted its cash reserves by the end...
New York demands arbitration to resolve Seneca casino impasse September 8, 2017New York’s governor has unleashed his lawyers in the hope of bringing a speedy end to the state’s casino dispute with the Seneca Nation of Indians. On Thursday, attorneys acting under orders of Gov. Andrew Cuomo filed papers demanding a binding arbitration process to resolve the dispute with the tribe,...
DraftKings, FanDuel pay $2.6m to get Massachusetts off their backs Daily fantasy sports operators DraftKings and FanDuel have agreed to pay $2.6m to resolve allegations of consumer-unfriendly practices in the state of Massachusetts. On Thursday – just hours before the kickoff of a new National Football League season – Massachusetts Attorney General Maura Healey announced that the state had reached...
New York threatens Senecas’ Niagara Falls casino monopoly August 22, 2017New York Gov. Andrew Cuomo is threatening to end the Seneca Nation of Indians’ casino exclusivity in Niagara Falls unless the tribe resumes revenue-sharing payments with the state. In March, the Senecas announced that its three upstate casinos in Buffalo, Niagara Falls and Salamanca would stop remitting a 25% share...
A tale of two states: How tribal gaming affects Florida and New York August 16, 2017Tribal casinos are great partners in nation-building – but only if states have harmonious relationships with the operators. Case in point are the contrasting events in Florida and New York, where one state is benefiting from the revenues from tribal casinos while the other not so much. The Miami Herald...
New casinos in NY post dismal revenues August 10, 2017New commercial casinos in New York have apparently failed to live-up to the state’s expectations. Reuters reported that the newly opened casinos posted gambling revenues well below earlier forecasts, with gross receipts at one gaming hall off about 40 percent. The three casinos reportedly remitted a total of $50.2 million...
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