运营商新闻
US – Struggling del Lago asks for tax breaks and a fair marketplace
By 菲尔 -28年2018月XNUMX日
Having only been open for just over a year, the US$440m del Lago Resort & Casino in the Finger Lakes in Upstate New York is hoping to secure a better tax rate to ease its struggling revenues.
It has accused one of competitors the Seneca Nation of Indians in western New York of not paying its taxes and reinvesting that cash on marketing incentives to take players from del Lago saying this was ‘a blatantly unfair competitive disadvantage.’
Tom Wilmot, the main Owner of the casino, said the property needed ‘some help’ adding that whilst it was ‘paying the bills’ the venture would not be ‘sustainable’ long term.
Casino spokesman Steven Greenberg explained that the Seneca Nation ceased making tax contributions to New York state and to the local governments last year. allowing it to reinvest $50m into additional promotions and incentives in the Rochester area, to take customers from del Lago. He has asked for ‘a fair, competitive market place.’
Del Lago pays 37 per cent to the state on its slots and 10 per cent on its table games whilst the Oneidas are taxed at 27 per cent of the slot revenue but nothing on the table games revenue.
The Senecas slammed del Lago’s claims, saying they had ‘unrealistic expectations’ when they applied for their gaming license.
The property fell $100m short of its estimated first year of earnings and was downgraded by Moody’s in January from ‘stable to ‘negative.’
穆迪的 Keith Foley 表示：“尽管德拉戈度假村赌场按时、按预算开业，并且其主要市场区域的博彩总收入大幅增长，但该酒店的收入增幅远低于穆迪的预期。如果收入没有实质性改善，del Lago 将无法达到能够支持其现有债务资本结构的业绩水平。”
Del Lago于1年2017月2,000日开业，拥有近100台老虎机和250张赌桌。其所有者预计第一年的博彩收入为 XNUMX 亿美元。
It generated around $147m in revenue in its first year around 44 per cent below expectations.
