Operatora ziņas
US – Struggling del Lago asks for tax breaks and a fair marketplace
By Phil - 28. gada 2018. marts
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's Kīts Folijs sacīja: "Neskatoties uz to, ka del Lago Resort Casino tika atvērts laikā un budžeta ietvaros un ir būtiski palielinājuši kopējos spēļu ieņēmumus savā primārajā tirgus zonā, īpašuma ieņēmumu pieaugums ir krietni zemāks par Moody's cerībām. Bez būtiskiem ieņēmumu uzlabojumiem del Lago nespēs sasniegt tādu darbības līmeni, kas varētu atbalstīt esošo parāda kapitāla struktūru.
Del Lago tika atvērts 1. gada 2017. februārī ar gandrīz 2,000 spēļu automātiem un 100 galda spēlēm. Tās īpašnieki bija paredzējuši, ka pirmā gada spēļu ieņēmumi būs 250 miljoni ASV dolāru.
It generated around $147m in revenue in its first year around 44 per cent below expectations.
