AKWESASNE — The St. Regis Mohawk Tribe will release $30 million in suspended slot-machine profits, retain casino-exclusivity rights and revive land-claim negotiations in an agreement reached Tuesday with Gov. Andrew Cuomo.
Franklin and St. Lawrence counties will immediately receive $3.75 million each, which is about half of what is owed to them since the tribe stopped paying out a pre-determined portion of slot-machine profits three years ago.
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Under the compact, the parties shared 18 percent of profits in years one through four of the casino operation, which then increased to 22 percent in years five through seven. The share bumped up to 25 percent in year eight and is to last in perpetuity.
The counties each give half of their shares to the towns most impacted by the casino operation: Bombay and Fort Covington in Franklin County and Massena and Brasher in St. Lawrence County.
Tuesday’s announcement means each impacted town will receive $1.875 million.
The Akwesasne Mohawks had suspended payments in late 2010 when they charged that slot machines at the Ganienkeh Mohawk territory near Altona violated the gaming compact they signed with the state in 2004.
The state, the release said, is negotiating some reduction in the St. Regis payment related to Ganienkeh’s gambling facility.
The agreement re-enforces exclusive casino rights for Akwesasne in eight counties: Clinton, Essex, Franklin, St. Lawrence, Jefferson, Lewis, Warren and Hamilton.
About $60 million in profit payments were being held in escrow, which means about half of that amount will be released by the tribe.
And the 25 percent profit-share payments will resume, Cuomo said.
“By working together and finding common ground, the state and St. Regis Mohawk Tribe have reached a fair and reasonable agreement that will grant the tribe exclusive gaming rights in the North Country and provide the state and local governments with their share of revenues from the casino,” the governor said.