{"id":67406,"date":"2018-01-16T09:30:46","date_gmt":"2018-01-16T17:30:46","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=67406"},"modified":"2018-01-16T09:31:00","modified_gmt":"2018-01-16T17:31:00","slug":"moodys-gives-upstate-new-york-casino-del-lago-credit-rating-cut","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/moodys-gives-upstate-new-york-casino-del-lago-credit-rating-cut\/","title":{"rendered":"Moody’s Gives Upstate New York Casino Del Lago Credit Rating Cut, Warns of Debt Default Possibilities"},"content":{"rendered":"
The del Lago Resort & Casino in Upstate New York has struggled over its first 11 months in operation to come anywhere close to its projected revenues. Now faced with the reality that its gross gaming intake is going to come in around $100 million short for its first year, Moody’s Investors Service is slashing the property’s credit rating.<\/p>\n