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Gaming News
New York changes deal
for slot revenue
October 24
In New York, it is being reported that
the state of New York is in no
mood
to be more bighearted with Buffalo and Erie County
when sharing future slot machine revenues once the
Seneca Nation of Indians builds a downtown casino.
Online gambling players feel that this is another
reason that states should legalize casino games
everywhere.
It is also known that many
city and county officials see a casinos and casino
games - like slots, as a source of new and easy
earnings. It is also being said that these same
officials believe the state should take less of its
expected slot machine take and give more to the
local governments.
The main issue is a clause
already fought for over four years ago when Gov.
Pataki and other state lawmakers agreed to
legislation allowing the Senecas to open 3
new casinos in the western part New York. The
clause states the Senecas have to pay the state,
after a phase-in period, one quarter of yearly slot
machine earnings.
With the 2001 law,
the state is also required to give local 'host communities'
a quarter of
the earnings the city of Albany takes in from the
tribe's casino, so local governments, on a sliding scale over
a certain amount of time, would be entitled to at
least 6.25% of the overall slot machine earnings.
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