Who owns turning stone casino

The prospectus did not break out machines and table games, although machines generally account for the majority of revenues at casinos. That did not separate gambling revenues from hotels, concerts and retail sales. The nation last year agreed to start making payments in exchange for a monopoly on casinos in nine Central New York counties, including Onondaga County.

Voters in November approved a referendum allowing up to seven new, non-Indian casinos to be built. There are five Indian casinos in the state already, including Turning Stone. The agreement calls for the nation to pay the state 25 percent of slot machine revenues.

Turning Stone has about 2, machines. That doesn't include money generated from table games such as blackjack, nor does it include the money the Oneidas earn on restaurants, concerts, and the sale of gasoline or cigarettes. Under the agreement, the nation charges and keeps its own sales tax. Nation spokesman Brett Stagnitti did not immediately return a phone call for comment. Half of that came from the Seneca Niagara casino in Niagara Falls. The state will send some of the Turning Stone casino money back to local governments:.

Contact Glenn Coin at gcoin syracuse. Follow him on Twitter glenncoin. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. It is the centerpiece of Oneida Nation Enterprises, which also operates smaller casinos in Chittenango, Bridgeport and Sylvan Beach, along with other businesses.

Don Cazentre writes for NYup. Reach him at dcazentre nyup. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. All rights reserved About Us. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local.

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