운영자 뉴스
US – Struggling del Lago asks for tax breaks and a fair marketplace
By 필 -28 년 2018 월 XNUMX 일
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.’
Moody's의 Keith Foley는 다음과 같이 말했습니다: “del Lago Resort Casino가 기한과 예산에 맞춰 개장하고 주요 시장 지역에서 창출된 총 게임 수익이 상당히 증가했음에도 불구하고 해당 부동산의 수익 증대는 Moody의 기대보다 훨씬 낮습니다. 실질적인 수익 개선 없이는 del Lago는 기존 부채 자본 구조를 지원할 수 있는 수준의 성과를 달성할 수 없을 것입니다.”
Del Lago는 1년 2017월 2,000일에 약 100개의 슬롯머신과 250개의 테이블 게임을 갖춘 개장했습니다. 소유자는 첫해 게임 수익을 미화 XNUMX억 XNUMX천만 달러로 예상했습니다.
It generated around $147m in revenue in its first year around 44 per cent below expectations.
