HTN: Seneca Gaming Profits Fall

The Seneca Gaming Corporation is leaving a bundle of money on the table during the economic recession. Profits have tumbled 16-percent in the first quarter of the year as gamblers sit on the sidelines. The Indian Nation has cut more than 200 jobs, reduced advertising and halted construction of a new casino in Buffalo. Don't feel too bad for the gambling enterprise. They still profited more than 17-million dollars. The hardest hit sector was on hotel rooms where revenue fell by 19-percent.