At a meeting on Tuesday, the Niagara County Legislature revealed it has just $47,600 remaining in its community development fund.<\/p>\n
\n“Certainly, the City of Niagara Falls is having a hard time balancing their budget this year because of the loss of casino revenue. The good we’ve been doing with the community enhancements has been very noticeable,” Burmaster noted.<\/p>\n<\/blockquote>\n
New York State has declared that the Seneca Nation is in violation of its gaming compact, and that it is now essentially operating its casinos unlawfully. An arbitrator is to review the matter, but as of last week, no such legal proceedings have commenced.<\/p>\n
Casino Saturation<\/b><\/h2>\n
The Seneca Nation is presumably unhappy regarding gambling expansion in New York. In 2013, voters approved a constitutional amendment to authorize as many as seven full-scale commercial casinos in upstate regions. The tribe said at the time that commercial casino expansion is a “negative form of economic development” for the state.\u00a0<\/span><\/p>\nThe first three to open, Tioga Downs, Del Lago, and Rivers, collectively fell $230 million short of their initial first-year gross gaming revenue projections. The shortcomings cost government coffers tens of millions of dollars in unrealized tax revenue, much of which was to be shared with local host communities.<\/p>\n
Resorts World Catskills<\/a>, the costliest of the commercial resorts at $1.2 billion, opened this month in Monticello. Gaming analysts believe that could further strain the already opened upstate New York casinos, as Resorts World is the closest to New York City.<\/strong><\/p>\n“The success of Resorts World relies on the growing gaming market and attracting players from existing competitors,” Moody’s analyst Keith Foley stated recently.<\/p>\n","protected":false},"excerpt":{"rendered":"
The ongoing gaming compact dispute with the Seneca Nation of Indians has become problematic, and Niagara County officials are calling on the New York Legislature and Governor Andrew Cuomo (D) to swiftly find a solution to the conflict. Next month will mark one year since the tribe stopped revenue sharing payments to the state. The […]<\/p>\n","protected":false},"author":42,"featured_media":70886,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,61],"tags":[],"acf":[],"yoast_head":"\n
Seneca Nation Dispute: Niagara County Wants End to Compact Discord<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n