Before they were paying 25 percent of their slot machine revenue.

Last year the tribe stopped paying a portion of their gaming revenue to the state and local governments. The tribe owns three casinos located in the western part of the state. Part of the reason why del Lago is not preforming as strongly is believed to be due to the Seneca Nation of Indians. Lawmakers across the state also feel the same way. Cuomo has made it clear that he is not interested in helping out private companies. 37 percent is paid from the slot machine revenue. Currently the state and local governments receive 10 percent of table game revenue. $14 million in breaks is what will be asked for. This rating is a warning to the casino's debtors that they may not be able to pay them.Īsking for help for the financial future of the casino by the state is something that Thomas Wiltmot, the del Lago principal owner, is planning on doing. The credit rating has also been lowered by Moody's Investor Service to 'negative'. From that estimate, the casino resort is earning $100 million less than what was predicted. When the casino was being proposed, financial estimates were presented to help win their bid. Of the new casinos in Upstate New York, the del Lago has been preforming the weakest. del Lago opened on February 01 of last year. The four casinos that were approved for the area have all opened in the last 15 months. One of the four non-Native American owned casinos, del Lago Resort & Casino is located in Seneca County and off of Exit 41 from the State Thruway.

Cuomo is not interested in helping private companies elevate their financial issues. The del Lago Resort & Casino is located in the Finger Lakes. However, the governor is not supporting the idea of providing financial help to one of the casinos located in Upstate New York. Andrew Cuomo are actively trying to decide on a budget. Spa del Lago - full salon with 17 treatment roomsĭel Lago Resort & Casino faces financial woes>Īpril 01 marks the beginning of the fiscal year for the state of New York.

Del lago casino status match