Sentences with phrase «said lago»
Gural, who also operates the Vernon Downs racino, said the Lago resort could put him out of business.
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Gural said Lago will now compete with five gambling places already in business in the Finger Lakes and Central New York, including his own Vernon Downs and the Oneida Indian Nation's Turning Stone.
Wilmot's backers say Lago will be a boon to the Finger Lakes region.
Not exact matches
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However, while del Lago Resort Casino has substantially grown total gaming revenues generated in its primary market area, the property's revenue ramp - up so far has been well below our expectations,» Foley said.
State assistance for the struggling del Lago Casino in the Finger Lakes region may not be out of the question, but State Senator John Bonacic said it will not be part of this year's budget bill.
«We have been involved in a number of first class casinos in different parts of the country and our collective experience in this industry tells us that Lago will be an overwhelming success,» said M. Brent Stevens, one of the project's partners.
Del Lago's push for a state tax break hit a major detour when Cuomo said he was «not sympathetic» to granting new concessions to the private investors behind the gambling complex in Tyre.
If the 13 - month - old del Lago Resort & Casino can't make enough money to stay afloat, a national gaming expert says, there's a solution for that: Bankruptcy, not a taxpayer - funded bailout.
Rochester NBC affiliate WHEC is reporting that the del Lago Resort & Casino said in a statement that the Seneca Nation has had an unfair advantage ever since they stopped making payments to state and local governments.
The article reports that casino spokesman Steven Greenberg said that even since the Seneca Nation stopped making payments to New York State and local governments, it has been using more than $ 50 million to create additional promotions and incentives to lure customers from del Lago.
Del Lago, which pays a 37 percent tax to the state on its slot - machine earnings and 10 percent on table games, has not said specifically what it wants from lawmakers — although a tax break could be in the cards.
«Del Lago gets a 20 percent higher tax rate than we do,» he said.
«Del Lago can compete on an even playing field but not one that's tipped so heavily toward the Senecas,» casino spokesman Steven Greenberg said in a statement.
«While we are excited about making this license fee payment, we are even more excited about the progress we are making building what will soon be the best resort and casino in all of upstate New York,» del Lago Co-Chairman Tom Wilmot said.
Vernon Downs has been losing money since the opening of three additional casinos — del Lago in Tyre, Rivers in Schenectady, and the Yellow Brick Road in Chittenango — and Gural has said he'll close the facility unless it receives a tax break.
«On behalf of my family, everyone at Wilmorite and our Lago Resort & Casino partners, employees and supporters, I want to thank the New York State Gaming Commission for the trust they have shown in us,» Wilmot said in a prepared statement issued seconds after the commission unanimously approved the license in New York City.
«I have not had any conversation with the folks from del Lago,» Kolb said.
«This was Governor Cuomo's baby and it's failed, and if it's true that del Lago's failing and if it's true that Seneca Nation is failing and the racinos, this is all a failed economic development strategy by Governor Cuomo and this really lays at his feet and no one else's,» he said.
Despite his apparent opposition to state assistance, a spokesperson for del Lago said it continues to have conversations with the Senate, Assembly and Governor's Office.
Specifically, del Lago said the Seneca Nation, which has stopped paying New York casino revenues, is using the windfall to lure customers.
He said he can't comment on a bailout when he's not sure how much the casino wants, but he said the state should've foreseen these struggles when it approved del Lago in a region already saturated with gaming.
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The Senecas disputed del Lago's claims, saying, «The owners of del Lago had unrealistic expectations when they applied for their gaming license.»
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«Now that the Lago project is facing its share of struggles, the Seneca County Board issues a low blow like this to try and eliminate the very competition their camp all said was a good thing and a positive for their project.
In the report, the commission cites Lago Resorts capital investment in the area — $ 425 million — saying it «far exceeds the proposed capital investment for the region.»
The board and Lago's developers said they monitor these concerns closely.
«We have said all along that if awarded one of the state's casino licenses that we would begin construction of Lago within a week,» Wilmot said in a statement.
Wilmot says he can open Lago by the end of 2015.
«Today we are standing in a magnificent monument of how intelligent the decision was, how it's going to spur the economy, 1,500 jobs, the construction work that was done,» Cuomo said at the Lago opening, referring to the 2013 referendum that approved up to seven non-tribal casinos in the state.
Del Lago spokesman Steven Greenberg said the casino has a competitive disadvantage due to changes in circumstance with casinos operated by the Seneca Nation that didn't exist when the state first awarded its gaming license.
Lago spokesman Steven Greenberg said: «This was a decision on technical grounds that we anticipate will be rectified in the near future.
«They're trying hard but there are a lot of problems here,» Lago said.
Gaston Lago, who has lived in the building for 20 years and who has two young children, said he just found out his apartment may have lead paint and that he's dealing with bed bug issues.
I didn't think that, first of all, I didn't think that they belonged in the competition, they're not in the Southern Tier,» he said of Lago Resort, the proposal selected among the three bidders in the Southern Tier and Finger Lakes region.
Thomas Wilmot, who heads Wilmorite, celebrated the decision in a statement and said construction of the Lago Resort would begin almost immediately.
Lago Resort & Casino partners Wilmorite and Peninsula Pacific said Wednesday they filed more than 3,000 pages of environmental reports to the Town of Tyre as the small town proceeds for a second time with a state - mandated environmental review.
At a public ceremony last week, Lago officials said the casino will be a catalyst for economic growth in the region.
Lago officials say the casino could create as many as 1,800 construction jobs and another 1,800 full - time positions.
Gural says he believes a Chicago law firm advising the board had a conflict of interest because it once represented a partner at Lago.
Del Lago spokesman Steven Greenberg said Tuesday the casino faces a «blatantly unfair competitive disadvantage» because the Seneca Nation stopped making casino revenue sharing payments to state and local governments in Western New York and spent $ 50 million on promotions and incentives «to lure customers from del Lago.»
He believes a siting panel, controlled by the commission, made its recommendations today for Lago without proper approval from the local government, Fratto said today.
At the same time, the widened streets will have «horse - and - buggy» lanes to accommodate Lago's neighbors, he said.
The Seneca Nation criticized the claims, saying the del Lago casino had originally projected to cannibalize gambling revenues from both its casinos in Western New York and casinos owned in central New York by the Oneida Nation.
SYRACUSE, N.Y. - A group opposing a new casino in the Finger Lakes today said it is strongly considering suing the New York Gaming Commission to halt the Lago Resort & Casino development in Seneca County.
We can and we will keep our neighborhoods affordable, our economy competitive, our businesses thriving and our communities strong,» Lago said in a statement.