NY Arbitration panel decides Seneca Nation should share casino revenue

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An arbitration panel’s sided with New York State in its efforts to add more than $100 million a year to state coffers from the combined revenue of three casinos owned by the Seneca Indian Nation.

The tribe stopped making payments to the state in 2017, saying its revenue-sharing obligation under a 2002 compact had expired after 14 years. But the panel determined Tuesday the entire compact was renewed and the Seneca’s still have an obligation to share 25% of slot-machine revenues with the state according to cny central. The Senecas shared more than $1 billion before stopping payments, which the state then shared with the casino host cities of Buffalo, Niagara Falls and Salamanca.

https://whcuradio.com/news/025520-seneca-casino-revenue/

An arbitration panel has sided with New York state in its efforts to add more than $100 million a year to state coffers from the combined revenue of three casinos owned by the Seneca Indian Nation.

The western New York tribe stopped making payments to the state in 2017, saying its revenue-sharing obligation under a 2002 compact had expired after 14 years.

But the panel determined on Tuesday that the entire compact was renewed and the Senecas still have an obligation to share 25 percent of slot-machine revenues with the state.

The Senecas shared more than $1 billion before stopping payments, which the state then shared with the casino host cities of Buffalo, Niagara Falls and Salamanca.

Officials in Salamanca say the city missed out on about $9 million.

Seneca President Rickey Armstrong Sr. says the nation will review the decision, but did not say whether payments would resume.

https://cnycentral.com/news/local/arbitration-panel-decides-seneca-nation-should-share-casino-revenue

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