Despite coming in $100 million short of their projected revenue for the first year, Del Lago reps say it is a success and they will continue to help local community members and businesses grow.
Since the less than one thousand person town became the home of Del Lago casino a year ago, a lot has changed.
“We certainly have more traffic there’s no question about that but it’s much more efficient than it’s been in the last 25 years here,” said town supervisor, Ron Mcgreevy.
Part of the project included expanding the thruway, meaning more traffic, more visitors, and for Gary Schlegel, owner of Magee diner nearby the casino, more business.
“I’m up between 10 and 15% because of the casino alone, so I’m very happy with things, I’m a huge supporter of this and I think things can only get better at this point,” said Schlegel.
Mcgreevy says that despite initial opposition from some town members, it has for the most part quieted. Perhaps, he says, because of property taxes being cut in half, and a decrease in unemployment in the town.
“Certainly in the three years of the approval process we had a number of local folks who didn’t want this but it’s been pretty silent lately,” said Mcgreevy.
Will it last though? That’s the question that have some worried, especially after a report came out from Moody’s a few weeks ago, saying the company was way behind its projected revenue, to the tune of nearly $100 million. The report also questioning its long term sustainability.
“As the general manager of this facility and responsible for 1,200 team members and thousands of guests no I’m not [worried]” said Jeff Babinski, VP and general manager of Del Lago casino. He says he remains confident the house will continue to win.