Del Lago Submits $50 Million License Fee
Posted on July 14th, 2016
That Means $10 Million for Local Governments in Finger Lakes / Southern Tier Region
TYRE, N.Y. March 9, 2016 — Thomas C. Wilmot, Sr. and Brent Stevens, del Lago Resort & Casino Co-Chairmen, today announced that del Lago had sent the New York State Gaming Commission its $50 million license fee payment.
“We are delighted to announce that del Lago Resort & Casino has fulfilled its initial obligation to New York State and made the $50 million payment for the cost of our casino license,” Stevens said. “Of course we are proud to make this payment to the state, however, we are even happier that $10 million of that money will be flowing back to the Town of Tyre, Seneca County and other local governments in the region. This is just the first return on investment that the people of New York and this region will be getting from del Lago, with many more to follow.”
Under New York law, 10 percent of the license fee will be shared by the state with the host town and county and an additional 10 percent will be shared by the state with other counties in the gaming region.
“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,” Wilmot said. “Thanks to the mild winter weather and a great local workforce, construction of del Lago is proceeding ahead of schedule. We are regularly increasing the number of employees working on building del Lago and passersby can see the structure really taking shape.”
Del Lago is scheduled to open in February 2017.