The Seneca Gaming Corp. confirms in documents filed with the Securities and Exchange Commission that its emerging Buffalo casino will cater primarily to Buffalo and its suburbs, raising worries that it will drain assets already here without pulling significant outside dollars into the local economy.
"We believe that Seneca Buffalo Creek Casino will provide tangible economic benefits to the community, most notably in the share of slot revenues," responded Seneca Gaming spokesman Phil Pantano. "It is a $125 million investment in an area that hasn't seen that kind of investment in some time, if ever."
Meanwhile, he said the casino could retake some of the $60 million to $80 million a year that leaves the Buffalo area to be wagered at the Fort Erie race track.
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