Seneca gaming corporation sec filings

Niagara Falls, New York Fax: Notification of Violation. Hogen, U. Hogen, No. August 26, Decision and Order. Applicable Federal Laws and Regulations. NIGC regulations provide that it is a substantial violation of IGRA to operate a gaming operation for business without a tribal ordinance approved by the Chairman. IGRA defines Indian lands as A all lands within the limits of any Indian reservation and B any lands title to which is either held in trust by the United States for the benefit of any Indian tribe or individual or held by any Indian tribe or individual subject to restriction by the United States against alienation and over which an Indian tribe exercised governmental power.

NIGC regulations define Indian lands as a land within the limits of an Indian reservation; or b land over which an Indian tribe exercises governmental power and that is either 1 held in trust by the United States for the benefit of any Indian tribe or individual; or 2 held by an Indian tribe or individual subject to restriction by the United States against alienation. IGRA generally prohibits gaming on lands acquired by the Secretary in trust for the benefit of an Indian tribe after October 17, unless:.

A such lands are located in Oklahoma and. There are exceptions to the general prohibition against gaming on trust lands acquired after October 17, , including when lands are taken into trust as part of a settlement of a land claim. Circumstances of the Violation. The Nation operated and continues to operate its gaming facility, Seneca Buffalo Creek Casino, located in Buffalo, New York, during all or part of The amended ordinance was site-specific, defining Indian lands as land that included a legal description of the Buffalo Parcel.

Thus, although the Judge determined that the Parcel constituted Indian lands, he concluded that such lands were ineligible for gaming, because they are lands acquired after October 17, , and the settlement of a land claim exception does not apply to them. In the preamble to its new regulation,. In this regard, IGRA contains a general prohibition against gaming on trust lands acquired after October 17, For such after-acquired lands to be eligible for gaming, they must satisfy an exception to the general prohibition.

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This is a Subsidiary , click here for the Parent Company. Business Summary Seneca Gaming Corporation is a United States-based company, which operates as a gaming and entertainment provider. The Company operates three casinos in the United States. At the time of such filing, the material terms of Mr. On October 24, , the Corporation and Mr. Sheridan entered into a written employment agreement effective as of July 1, If Mr.

Sheridan his earned, but unpaid, base salary through the termination date, and ii continue to pay his base salary in effect as of the date of termination for a period following his termination equal to the lesser of: A 18 months or B the remainder of the period ending on the expiration of the term of the agreement.

Following the termination of his employment, Mr. Sheridan has a duty to mitigate damages by seeking employment with duties and salary comparable to those provided by the Corporation, and if he obtains such employment, he is required to reimburse the Corporation in an amount equal to the compensation he has received from such other entity for such period, but not to exceed the amount of the compensation the Corporation had paid him for such period.

The employment agreement is filed as Exhibit