Recent report reflects Oneida Indian Nation’s $1bn impact on region

August 7, 2023
By
Leer en Español

The Tribe said it will continue to invest in the community.

Tourism Economics, an Oxford Economics company, has compiled a report on the Oneida Indian Nation’s economic impact throughout the Upstate New York region. The Tribe recently released the report’s findings, along with news of its $370m Turning Stone project.

According to the data, the Tribe through its visitor spending, varied operational spend and varied payments during the past fiscal year, has “had a $1.06bn economic impact on the region.”

Oneida Indian Nation representative and Oneida Nation Enterprises CEO Ray Halbritter further outlined the report’s findings.

He said in a statement, “In 2022 alone, Turning Stone and our other enterprises generated a more than $1bn economic impact in Upstate New York and annually support more than 7,000 jobs, including our 4,500 employees.”

Halbritter went on to add that its recent Turning Stone Evolution investment is part of the Tribe’s continuing commitment to develop the community in positive ways.

He said in closing, “Our $370m investment in the Turning Stone Evolution is our promise to the region, our partners and our employees to continue our role as an engine for economic development and job creation.

“The evolution will generate thousands of construction jobs and millions of dollars in revenue, and we are confident that the long-term impact of this investment will rapidly grow year after year.” 

Comptroller Thomas DiNapoli recently discussed the fiscal impact New York’s casinos have had on local governments. According to the findings, three host towns in the study were “the only ones to see significant benefits.”

The 2020 study included New York’s del Lago Resort and Casino, which contributed $176m in gaming tax revenue for regional governments.

State-by-State

Product Spotlight

Bragg Gaming Group

Bragg Gaming Group is a global content-driven iGaming technology provider, serving online and land-based gaming operators with its proprietary and exclusive content and cutting-edge technology.
GA HUDDLE #087

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!
GA HUDDLE #086

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

As the Tribal gaming sector congregates once more in the Golden State, is it too cliché of me to suggest we are heading for a golden era of Tribal gaming? With the industry set to meet at the Indian Gaming Association t...

10-11-From-the-top
From The Top: Will youth be served by Sports Betting?
Two recent interviews in our Huddle podcast revealed to Las Vegas correspondent Brian Joseph just how young sports betting entrepreneurs are becoming.
12-GA-MAR-10-year-v2
The Global Gaming Awards: Rewarding Excellence
The 10th edition of the Global Gaming Awards took place in Las Vegas last year. Gaming America looks back... and ahead to this year's.
16-18-IGA-Preview
Preview: Indian Gaming Tradeshow & Convention
Gaming America looks ahead to the 2024 Indian Gaming Tradeshow & Convention and what attendees can expect when they arrive at the Anaheim Convention Centre.
20-22-GA-Mar-888-Holding-article
888 and the US Market: A cautionary tale
Gaming America explores the risk of resting on your laurels and the challenge of remaining relevant in a rapidly expanding market.