Niagara Falls Will Be ‘Broke by December’ Due to Seneca-New York Casino Dispute. Posted on: September 20, 2017, 05:00h. Last updated on: September 21, 2017, 11:34h. Increased gambling space and hotel business brought in record revenue at the Seneca Niagara Casino and Hotel at the end of 2006. The Seneca Gaming Corp. released an earnings report A Niagara County-based state Senator would like to change the plan by which New York State and local entities including the City of Niagara Falls split revenue from the Seneca Niagara Casino ... Seneca Niagara Casino. (News file photo) By Tom Precious. ALBANY – An arbitration panel Wednesday ordered the Seneca Nation to pay the state $255 million in lapsed casino revenue-sharing ... These include the Seneca Niagara Resort and Casino, the Seneca Allegany Casino in Salamanca, and the Seneca Buffalo Creek Casino in Buffalo. The compact that was signed between New York State and the Seneca Nation means that it is supposed to contribute around $110 million to the state each year. Seneca Withholds Revenue to Protest Niagara Falls Budget Short without Casino Revenue. The city of Niagara Falls has been urged to take immediate, drastic action to address its financial shortfalls, due to the lack of payments from the Seneca Niagara Casino. They suggested the revenue generated from gambling activities in the Seneca Niagara Casino to cover a few other more or less significant expenses such as the overtime of workers, in charge of providing snow removal, forestry and code enforcement services. The Senecas, who operates three Western New York casinos in Salamanca, Buffalo and Niagara Falls, paid $1.4 billion in casino revenue sharing since 2002 but haven’t made any payments since 2017, when the Nation declared the gaming compact did not call for any payments to the state after the 14th year of the agreement. The Senecas, who paid $1.4 billion in casino revenue sharing since 2002, haven’t made any payments since 2017, when the Nation declared the gaming compact did not call for any payments to the ... In a report released Thursday, Seneca Gaming Corporation officials announced that net revenue for the Falls casino was $103.9 million. That number is up from the $94.9 million earned in the third...
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