Senecas Halting Construction of Casino In Buffalo
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The Seneca Indian Nation has been living dangerously by continuing to construct a casino in Buffalo. A judge has now ruled twice that the tribe’s temporary casino is illegal, but has yet to order it closed.
On Wednesday, the tribe ordered the construction on the permanent casino closed on their own. They are stopping the building not because of the ruling, but because of the current state of the economy.
This is not the first expansion project that has been shut down thanks to the economy. Other developers also feared that the economy would hurt them and their casinos, so they have also put a stop on the building.
While many might believe that the decision today was a direct response to the judge’s ruling, the tribe is claiming that it did not play into the decision. “A decision of that magnitude is not made overnight,” said Phil Pantano, spokesman for the Seneca Gaming Corp.
While the construction will be stopped, the tribe has not ruled out restarting again once the economy picks back up. “We’re going to continue to watch the economy very closely,” said Pantano.
In the meantime, the decision that was made again on Tuesday is being appealed, and the tribe is hopeful that it will be overturned.
Las Vegas Sands Plans To Dominate India Casino Industry
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While many casino developers are turning down their expansion efforts, Las Vegas Sands is turning up the heat. They are currently exploring the possibility of bringing a strip of casinos to India.
The company already owns and operates the biggest gambling resort in Macau. They are now setting their sights on something similar to their Macau arrangement.
“We would like to build a Cotai Strip in India. We would be happy to spend $12 billion there,” said Chairman Sheldon Adelson. India would be a big market for any casino developer due to their population, which is second to only China’s in the world.
Adelson already has plans to build up to fourteen hotels on the Cotai Strip by the year 2013. The company has laid claim to being dominant in the Macau market, and now has their eyes on capturing the world.
They do have competition, however, Their Las Vegas rivals Wynn Resorts Ltd. is also putting a push on to own the Asian market. When word of Adelson’s remarks resonates through the Wynn company, they will most likely be watching India a little closer.