del Lago economic outlook downgraded by Moody's
Tyre, N.Y. (WHAM) - Nearly one year after del Lago Resort & Casino opened, it has not received a favorable economic outlook.
On Friday, Moody's investment service reduced the casino's credit rating from stable to negative.
The full report can be read here.
Moody's senior vice president said given del Lago's current performance, without a significant improvement in revenue in the near future, the casino will not be able to support its existing debt.
Moody's does believe the casino can continue to pay the interest on its loans for at least the next 12 months.