{"id":81220,"date":"2018-06-19T11:30:34","date_gmt":"2018-06-19T18:30:34","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=81220"},"modified":"2018-06-19T12:18:50","modified_gmt":"2018-06-19T19:18:50","slug":"troubled-del-lago-resort-makes-fresh-plea-for-state-help","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/","title":{"rendered":"Troubled New York State Del Lago Resort Makes New Plea for State Help"},"content":{"rendered":"

Thomas Wilmot, the owner of the struggling Del Lago Resort and Casino in upstate New York, was in Albany last week to meet with Gov. Andrew Cuomo\u2019s budget division.<\/p>\n

\"Del
Thomas Wilmot has asked for tax relief in the past for the Del Lago resort, but his pleas fell on deaf ears in Albany. He blames the Seneca Nation for his casino\u2019s woes. (Image: Mike Groll)<\/figcaption><\/figure>\n

The shopping mall magnate did not divulge the nature of his business in the state capital, but local media has speculated that the timing of the visit — a week before the legislative session is due to end on Wednesday — suggests he was making a last-ditch attempt for state help.<\/a><\/p>\n

Del Lago was one of four Upstate commercial casinos to be licensed by New York State in 2014. The $440 million facility anticipated 3.2 million visitors per year and projected $263 million in revenues, which would generate $68 million in taxes for the state. But since it opened its doors in 2016, the numbers have been nowhere close to that.<\/p>\n

Moody Outlook<\/strong><\/h2>\n

In fact, during its first year of operations it was around $100 million short, which caused Moody\u2019s to downgrade its credit rating.<\/p>\n

“Without a substantial improvement in revenue, Del Lago will not be able to achieve a level of performance that can support its existing debt capital structure,” Moody\u2019s warned.<\/strong><\/p><\/blockquote>\n

Wilmot made a similar visit to Albany in March, just before the state budget was finalized, to plea for tax relief for his ailing casino. But Cuomo rejected the suggestion of a state bailout for any of the four casinos. \u201c<\/p>\n

“They\u2019re private concerns,\u201d he said, \u201cand I don\u2019t want to get into the business of bailing out private concerns.”<\/p>\n

Saturated Market<\/strong><\/h2>\n

Del Lago opened in a crowded marketplace. The Oneida Nation operates three casinos to the east and the Seneca Nation three to the west. Meanwhile two nearby racetracks offer video-lottery terminals.<\/p>\n

\n

The casino blames the Senecas for creating an \u201cunfair playing field.\u201d<\/a> The tribal operator has ceased making revenue-share payments of some $100 million per year to the state because it claims that its 2002 compact, which rolled over in 2016, no longer requires it to do so.<\/p>\n<\/div>\n

The state disputes this, declaring the Senecas to be in violation of their compact and has delivered a demand for legally binding arbitration.<\/p>\n

But in the meantime, Del Lago, which pays 37 percent tax on gross revenues from slots and 10 percent on all other sources, claims the Senacas have used the spare money to offer incentives to gamblers \u2013 an accusation the tribe denies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Thomas Wilmot, the owner of the struggling Del Lago Resort and Casino in upstate New York, was in Albany last week to meet with Gov. Andrew Cuomo\u2019s budget division. The shopping mall magnate did not divulge the nature of his business in the state capital, but local media has speculated that the timing of the […]<\/p>\n","protected":false},"author":36,"featured_media":81225,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18,61],"tags":[],"acf":[],"yoast_head":"\nTroubled Del Lago Resort Makes Fresh Plea for State Help<\/title>\n<meta name=\"description\" content=\"Del Lago Resort and Casino owner Thomas Wilmot makes a last-ditch plea to New York State Governor Andrew Cuomo\u2019s administration for tax relief.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Troubled Del Lago Resort Makes Fresh Plea for State Help\" \/>\n<meta property=\"og:description\" content=\"Del Lago Resort and Casino owner Thomas Wilmot makes a last-ditch plea to New York State Governor Andrew Cuomo\u2019s administration for tax relief.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-19T18:30:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-06-19T19:18:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/THOMAS.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"817\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/\",\"url\":\"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/\",\"name\":\"Troubled Del Lago Resort Makes Fresh Plea for State Help\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/THOMAS.jpg\",\"datePublished\":\"2018-06-19T18:30:34+00:00\",\"dateModified\":\"2018-06-19T19:18:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Del Lago Resort and Casino owner Thomas Wilmot makes a last-ditch plea to New York State Governor Andrew Cuomo\u2019s administration for tax relief.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/THOMAS.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/THOMAS.jpg\",\"width\":1024,\"height\":817,\"caption\":\"Thomas Wilmot has asked for tax relief in the past for the Del Lago resort but his pleas fell on deaf ears in Albany. He blames the Seneca Nation for his casino\u2019s woes. (Image: Mike Groll)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Live Casinos\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/live-casinos\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Troubled New York State Del Lago Resort Makes New Plea for State Help\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\",\"name\":\"Philip Conneller\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png\",\"caption\":\"Philip Conneller\"},\"description\":\"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/philip-conneller\",\"https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk\",\"https:\/\/x.com\/casinoorgphilc\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Troubled Del Lago Resort Makes Fresh Plea for State Help","description":"Del Lago Resort and Casino owner Thomas Wilmot makes a last-ditch plea to New York State Governor Andrew Cuomo\u2019s administration for tax relief.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Troubled Del Lago Resort Makes Fresh Plea for State Help","og_description":"Del Lago Resort and Casino owner Thomas Wilmot makes a last-ditch plea to New York State Governor Andrew Cuomo\u2019s administration for tax relief.","og_url":"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2018-06-19T18:30:34+00:00","article_modified_time":"2018-06-19T19:18:50+00:00","og_image":[{"width":1024,"height":817,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/THOMAS.jpg","type":"image\/jpeg"}],"author":"Philip Conneller","twitter_card":"summary_large_image","twitter_creator":"@casinoorgphilc","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Philip Conneller","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/","url":"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/","name":"Troubled Del Lago Resort Makes Fresh Plea for State Help","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/THOMAS.jpg","datePublished":"2018-06-19T18:30:34+00:00","dateModified":"2018-06-19T19:18:50+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b"},"description":"Del Lago Resort and Casino owner Thomas Wilmot makes a last-ditch plea to New York State Governor Andrew Cuomo\u2019s administration for tax relief.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/THOMAS.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/THOMAS.jpg","width":1024,"height":817,"caption":"Thomas Wilmot has asked for tax relief in the past for the Del Lago resort but his pleas fell on deaf ears in Albany. He blames the Seneca Nation for his casino\u2019s woes. (Image: Mike Groll)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/troubled-del-lago-resort-makes-fresh-plea-for-state-help\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Live Casinos","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/live-casinos\/"},{"@type":"ListItem","position":4,"name":"Troubled New York State Del Lago Resort Makes New Plea for State Help"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b","name":"Philip Conneller","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png","caption":"Philip Conneller"},"description":"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.","sameAs":["https:\/\/muckrack.com\/philip-conneller","https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk","https:\/\/x.com\/casinoorgphilc"],"url":"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/81220"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=81220"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/81220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/81225"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=81220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=81220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=81220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}