Revenue Drop for Seneca Gaming
The Seneca Gaming Corporation has recorded a $13 million drop in gaming revenues for the first quarter of the 2009 fiscal year.
Revenues from slot machines and table games at its three Western New York venues totaled $137 million for the three-month period ended Dec. 31, 2008. That compares to $150 million in gaming receipts in the prior year's quarter.
Net revenues, which include both gaming and hospitality revenues, fell 7.6 percent.
These numbers come on the heels of a December lay off of more than 200 employees in a cost-cutting measure and a halt in construction at its Buffalo and Salamanca sites.
Revenues from slot machines and table games at its three Western New York venues totaled $137 million for the three-month period ended Dec. 31, 2008. That compares to $150 million in gaming receipts in the prior year's quarter.
Net revenues, which include both gaming and hospitality revenues, fell 7.6 percent.
These numbers come on the heels of a December lay off of more than 200 employees in a cost-cutting measure and a halt in construction at its Buffalo and Salamanca sites.
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