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Seneca Niagara Casino Revenues Up; Buffalo Project Update | News

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Seneca Niagara Casino Revenues Up; Buffalo Project Update
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BUFFALO, NY - The Seneca Niagara Casino Corporation reported a revenue of 2.8 percent over the last year, which has some wondering when work will resume on the Buffalo Creek Casino project.

Monday evening a casino spokesperson told Channel 2's Maryalice Demler that revenue is just one factor that effects the interest rate they would have to pay on the $200 million they need to borrow to finish the project.

In 2007 the rate was 7 3/4 percent, then last year it shot up 20 percent.

The corporation is regularly evaluating finances and they will re-start the project when credit markets improve.

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