🖐 del Lago Resort & Casino | Seneca County, NY

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He also argues the state was wrong to choose Upstate as the location for new casinos. Community Rules apply to all content you upload or otherwise submit to this site. Wilmot said the casino is making enough money now to "pay our bills," but needed a break from the state for the long term.

Dennis Nett. If that's the case, Barrow said, the state is playsmart olg not get involved in lowering del lago resort casino waterloo ny or providing other help.

Note to readers: if you purchase something through one of our affiliate links we may earn a commission. All rights reserved About Us. The situation has not been del lago resort casino waterloo ny.

The casino pays 37 percent of its slot revenues and 10 percent of it table game revenues in taxes.

In such cases, bankruptices can be a solution, especially for a a casino, like del Lago, that has debt issues. They made a mistake. This scenario is not unprecedented, Barrow said. A del Lago spokesman, meanwhile, blamed the casino's poor earnings forecast on a situation it says it couldn't have predicted: Last year, the Seneca Nation of Indians stopped making the payments it was sending to state and local governments on the three casinos it operates in western New York.

At the time, there were five Upstate Indian casinos, Since then, the Oneida Nation has added two smaller casinos in the region also served by its large Turning Stone Resort Casino.

By Don Cazentre dcazentre nyup.

It opened last month. From its Feb. Ad Choices. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Cuomo and lawmakers are in the midst of negotiations for a new state budget for the fiscal year that begins April 1. The Cuomo administration endorsed the granting of new casino licenses in to give private developers the chance to compete with the Indian gaming operations. Del Lago is not the only new Upstate casino in trouble. But del Lago seems to be in the worst shape. The Senecas had been paying 25 percent of their slot revenues in gaming taxes. Andrew Cuomo on Wednesday rejected the idea of giving tax breaks to the struggling casino, as did many state lawmakers and other officials. Barrow and other experts have long warned of a crowded and even saturated market. The four casinos made competitive bids to locate in areas not covered by existing gaming compacts with the Indian nations. The casino has boosted employment, spurred tourism and created energy in the local economy, its backers say. Del Lago, which opened in February at State Thruway Exit 41 near Waterloo, seems to have lost its bet this week to win a financial bailout from state taxpayers. Barrow isn't buying it. None of the four non Indian nation-owned casino that opened in the past 15 months is meeting the projections for earnings they gave the state when they bid for gaming licenses. The state, he said, should have looked to expand in the much more densely populated New York City area. The Finger Lakes casino, falling short on revenues, sought breaks on the taxes it owes state and local governments.