January 17, 2019

Ashburn, Virginia. Change [your]LOCATION

del Lago has credit rating lowered for second year

Jan 11, 2019 | ,

del Lago Casino and Resort's credit rating has been downgraded for a second straight year by Moody's Investor Service.

According to Syracuse.com, del Lago's rating was determined by lower than expected revenue growth and a crowded casino market.

Moody's wrote that the casino will need further equity investment of some type or a restructuring.

del Lago owner Thomas Wilmot has asked the state for money in the past, but each plea was rejected by Governor Andrew Cuomo and state lawmakers.

More Top Stories

Translate »
Resize Font