WEOS Finger Lakes Public Radio

Cuomo not sympathetic to have the state bailing out casinos

Mar 29, 2018
Originally published on March 28, 2018 6:58 pm

Governor Andrew Cuomo is not sounding sympathetic to bailing out del Lago or any other casino for that matter, just because they are not generating enough revenue.

Earlier this week, Tom Wilmot, principal owner of del Lago Resort and Casino in Seneca County, was in Albany seeking help from state lawmakers, with revenues for the casino coming in less than expected.

The casino has said it is at a competitive disadvantage with  casinos owned by the Seneca Nation.

But talking to reporters on Wednesday in Albany, Cuomo says it’s not New York’s responsibility to make up any lost revenue. 

“They made an investment and some of them will say they’re not doing as well as they hoped or would have expected, but they’re private concerns and I don’t want to get into the business of bailing out private concerns.”

Cuomo also said that, “these facilities have done billions of dollars of construction and they employ thousands of people;  so to the extent you have a casino saying, ‘well, you know what...I’m not meeting my expectations, I should get help from the state,’  I’m not sympathetic to that.”

Del Lago opened a year ago, and reportedly revenues have come in about 44 percent lower than projected.

Some upstate lawmakers have also indicated they would not favor state help for the casino.

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