Have you ever wondered who owns Del Lago Casino?
Located in the Finger Lakes region of New York, the casino has become a popular destination for those looking for a night of entertainment.
Owned by Investing, the casino has seen steady growth in revenues and profits since its opening.
Find out more about the history, current owner, and profits of Del Lago Casino.
Key Takeaways
- Wilmorite, a real estate and construction firm, opened Del Lago Casino in 2017 and still owns it.
- Peninsula Pacific, a gaming industry company, purchased the casino from Wilmorite in 2019.
- The Finger Lakes Gaming & Racetrack originally owned Del Lago Casino, but Wilmorite bought it from them in 2018.
- Each owner has seen an increase in profits since the casino’s opening in 2017.
Current Owner: Investing
You may be interested in learning who owns Del Lago Casino and the history of its ownership.
Del Lago Casino was opened in 2017 by Wilmorite, a real estate and construction firm. Since then, the casino has seen a steady increase in profits.
Wilmorite still owns the casino, but they have also seen other companies invest in the business. This investment has allowed these companies to benefit from the profits as well.
Historical Ownership: Profits
Del Lago Casino has seen immense profits since opening in 2017, with its owners reaping the rewards.
The Finger Lakes Gaming & Racetrack, the original owners of the casino, sold the casino to Wilmorite in 2018. Wilmorite, a Rochester-based real estate developer, was able to take advantage of the growing gaming industry in Upstate New York.
Wilmorite then sold the casino to Peninsula Pacific in 2019, a company with vast experience in the gaming industry. Peninsula Pacific’s purchase of the casino has had a notable economic impact, allowing for increased employment opportunities and revenue.
Overall, Del Lago Casino has seen a succession of owners, each of which has profited from its presence in the region.
About the Casino: Location
Del Lago Resort & Casino is located in Waterloo, NY in the Finger Lakes region.
This casino is a 200,000 sq. ft. gaming and entertainment facility, with plenty to do.
Whether you’re looking to try your luck at the slots, have a delicious meal, or attend a concert, Del Lago is the perfect place to have a great time.
Location: Waterloo, NY
Del Lago Resort & Casino is located in Waterloo, NY. The 11-acre property, owned by Wilmorite Inc., opened in February 2017 with the approval of the New York State Gaming Commission. The casino has a wide variety of gaming licenses, including video lottery terminals, table games, and poker games. Wilmorite also owns and operates Finger Lakes Gaming & Racetrack, which is located nearby.
Del Lago Resort & Casino is committed to responsible gambling and has implemented numerous measures to promote it. For instance, the casino offers self-exclusion options for guests who feel they have a gambling problem and wish to take a break from the casino. The casino also provides resources to help guests understand how to gamble responsibly.
Del Lago Resort & Casino is a great destination for those looking for an exciting and entertaining experience. With its great selection of games and commitment to responsible gambling, it’s no surprise that this Waterloo, NY casino is owned by Wilmorite Inc.
Size: 200,000 Sq. Ft
At 200,000 sq. ft., Del Lago Resort & Casino is one of the largest casinos in the area. Owned by Peninsula Pacific, a private equity firm specializing in gaming trends, the casino offers a wide range of entertainment options. With over 1,956 slot machines, 99 gaming tables, and 12 poker tables, it attracts visitors from all over. The casino also has a significant local impact, employing more than 1,000 people and contributing to the community.
Here are three things to know about Del Lago Resort & Casino:
- It opened in February 2017.
- Over $400 million was invested in the casino.
- It is conveniently located within a 40-minute drive of Syracuse, Rochester, and the Finger Lakes region.
Region: Finger Lakes
The Finger Lakes region is located within a 40-minute drive of Del Lago Resort & Casino, making it an ideal destination for visitors looking to experience the region’s unique attractions. From wine tasting to the breathtaking views of Seneca Lake, the Finger Lakes region has something for everyone. Plus, gambling laws are more lax here than in other areas, giving visitors the chance to enjoy the tax benefits associated with gaming. Del Lago Resort & Casino is the perfect place to take advantage of the region’s offerings.
| Attractions | Gambling Laws | Tax Benefits |
|---|---|---|
| Wine Tasting | Lax | Yes |
| Seneca Lake Views | ||
| Shopping | ||
| Entertainment |
Current Revenues & Profits
Revenue and profits from Del Lago Casino have been growing steadily. Slot machines and other gaming activities have been the main source of revenue for the casino, located in the Finger Lakes region of New York. Since its opening in 2017, Del Lago has seen its gaming revenue increase year over year. In 2019, the casino reported total gaming revenue of $235 million, a significant increase over the previous year.
Other sources of revenue for Del Lago Casino include food and beverage sales, hotel accommodations, and entertainment. The casino also hosts a variety of special events and promotions throughout the year to attract more customers. This has helped to drive up revenue and profits for the casino.
Del Lago’s parent company, Peninsula Pacific, has invested heavily in both the casino and its surrounding Finger Lakes region. The casino has created thousands of jobs, and the region has seen an increase in tourism. This, combined with the profits from the casino, has helped Peninsula Pacific to become a major player in the gaming industry.
Del Lago Casino has become an important part of the Finger Lakes region. Its success has been instrumental in the region’s economic growth, and the casino has been an important source of revenue and profits for Peninsula Pacific.