Second Casino Helps Seneca Gaming Results
21 Dec 2004
NEW YORK – As reported by the Buffalo Business Journal: "The opening of a second casino in Salamanca and a growing marketing membership program helped drive up profits at Seneca Gaming Corp.
"Net income totaled $84.7 million for 2004, nearly doubled last year's net income of $49.9 million when the company operated a single casino in Niagara Falls. Revenues increased 83 percent to 337.5 million from $184.3 million in 2003, the first year of operation for SGC.
"The Niagara Falls' casino had gaming revenues of $289.6 million this year compared to $184.3 million for 2003, an increase of 57 percent. The Salamanca casino, which opened May 1, posted gaming revenues of nearly $48 million…"