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#1513852 --- 03/27/18 12:35 PM Del Lago wants bailout
newsman38 Offline
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Registered: 03/21/01
Posts: 4947
Loc: Fourth Estate

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#1513855 --- 03/27/18 04:25 PM Re: Del Lago wants bailout [Re: newsman38]
kyle585 Online   content
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Registered: 02/18/09
Posts: 18719
Loc: Somewhere out there
del Lago Resort & Casino is facing a ‘blatantly unfair competitive disadvantage’.

That’s the word from Steven Greenberg, acting as spokesperson for del Lago Resort & Casino as they move toward ‘leveling’ the playing field.

“When del Lago sought and won its casino license, it was done based on circumstances that have now significantly changed,” Greenberg explained. “The Seneca Nation stopped making payments to both New York State and to the local governments last year. What are they doing with that newfound windfall? Using more than $50 million to provide additional promotions and incentives – particularly in the Rochester area – to lure customers from del Lago. And it’s working.”

“del Lago can compete on an even playing field but not one that’s tipped so heavily toward the Senecas,” Greenberg continued. “All del Lago is looking for is a fair, competitive marketplace. Unfortunately, the Senecas have upset that applecart and now del Lago is seeking to level the playing field.”

“Our first year has proven how valuable del Lago is to the Finger Lakes region. We want to continue to expand and bring even more tourism and economic development to Seneca County and the surrounding counties,” Greenberg’s statement continued.

How does del Lago Resort & Casino go about ‘leveling’ the playing field. It’s unclear. It’s unclear what action is being taken, or what issues led to this moment – where the highly-anticipated casino and resort is asking for help from the outside.

Last fall, a Moody’s report indicated that there could be financial issues for the casino if conditions did not improve. The report didn’t specify what the issues were, but noted that high-debt load could be a problem. This report came amid revenue reports to New York State, which showed the casino lagging far-behind projections of revenue.

It was recently confirmed on Finger Lakes News Radio that Jeff Babinski, who served as General Manager since the facility was developed and constructed – would be leaving at the end of March.
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#1513857 --- 03/27/18 06:24 PM Re: Del Lago wants bailout [Re: newsman38]
Here's Johnny Offline
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Registered: 11/14/10
Posts: 844
Loc: New York
Those darn Senecas keeping all that cash... Who wouldda thunk?

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#1513858 --- 03/28/18 06:45 AM Re: Del Lago wants bailout [Re: Here's Johnny]
scwoodchuck Offline
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Registered: 05/22/14
Posts: 1842
Loc: LOST IN SPACE
It will make great senior citizen housing. Many predicted it would fail !
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#1513869 --- 03/28/18 05:32 PM Re: Del Lago wants bailout [Re: newsman38]
Here's Johnny Offline
Senior Member

Registered: 11/14/10
Posts: 844
Loc: New York
All those mis-spent resources then, and in the end, nothing. So easy to refer to the nay sayers. That isn't much help is it? It was always a bad idea that had political backing. The panacea that now is just another cash draining turd on the state budget.


Edited by Here's Johnny (03/28/18 05:58 PM)

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