The Seneca Nation's off-reservation casino in Niagara Falls, New York, made a profit of nearly $50 million in its first 9 months of operation, The Buffalo News reports.
But a large portion of the money went to the state of New York under a revenue-sharing agreement. The paper said the tribe paid $38 million to the state. The tribe is also paying off a high interest loan. The Bureau of Indian Affairs allowed the 26 percent interest rate even though some officials, including ousted deputy Wayne Smith, questioned it. Get the Story: