Peninsula Pacific Chairman and Managing Partner Brent Stevens spun last week’s announcement positively, noting that it will allow the property to continue growing and improving. That was Upstate’s largest casino operation developed under the four licenses issued in an effort to spike economic development. The news about del Lago came as officials in Sullivan County noted that Resorts World Catskills was considering bankruptcy. Transportation officials noted a significant increase in vehicle traffic over the two years since del Lago opened its doors. Officials in Seneca County say that the casino worked in attracting traffic. The Wilmots are Rochester-based real estate developers who had long-advocated for a casino located between Rochester and Syracuse. They had a 50 percent stake alongside the Wilmot Family.Īnalysts and stakeholders alike have said for more than a year that conditions were not ideal at del Lago, but the move surprised even some skeptics of Upstate casino development, according to. , said the deal, which was approved last week by the Tyre Town Board, would make Peninsula Pacific sole-owner. Tyre-based casino del Lago Resort & Casino in Seneca County, New York state, recently announced that the developer who led the casino project in 2015 would sell their 50 percent stake in the business. Del Lago has not publicly announced any changes or plans as result of the transaction. Thee deal was approved last week by the Tyre Town Board.
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