Link to August 28 Buffalo News.Excerpt:
“The weakening U. S. economy is pressuring the casino business as consumers pare back discretionary travel and entertainment spending,” said the report written by Moody’s analyst Jacques Ouazana.
The Seneca Buffalo Creek Casino is also in jeopardy because of the continued success of the lawsuit by those who oppose the casino in Buffalo’s Cobblestone District.
Wednesday afternoon’s suspension in building the $333 million casino and hotel in Buffalo, as well as the $130 million expansion of the hotel at the Seneca Allegany Hotel and Casino in Salamanca, followed the opposition’s latest victory in U. S. District Court.
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