Seneca Gaming plans to build new hotel tower 8-07

Buffalo, New York (AP) - Seneca Gaming Corp. has plans to spend $130 million to build a second hotel tower – with additional gambling space – at Seneca Allegany Casino & Hotel.

The company plans to spend another $40 million to convert a temporary casino building into a state-of-the-art event center.

The new hotel tower is expected to have 200 guest rooms and will join with the 11-story, 212 room hotel that opened in March in Salamanca. It’s expected to open in mid-2009.

“The existing hotel has been a great success, with an occupancy rate that’s way over 90 percent. We need more rooms,” said Seneca Gaming spokesman Phil Pantano.

The additional 30,000 square feet of gaming floor will bring the total gambling space to nearly 100,000 square feet.

The 120,000-square-foot temporary casino building, which opened in 2004, will be transformed into a venue for concerts and other activities. It has room for 1,700 people.

The Seneca Nation also has plans to form a boxing commission. The nation will stage its first tribal-sanctioned boxing event Aug. 31.

The first matches will be held at Seneca Niagara Casino & Hotel in Niagara Falls, but the Allegany center is expected to host boxing events when it opens early next year.

The tribal gaming operation’s profits for the quarter totaled $29.3 million, a 4 percent increase compared with $28.3 million in the same period in 2006.

–––

Information from: The Buffalo News, http://www.buffalonews.com
0
0
0