Advertisement

Moody's gives del Lago a negative outlook

January 12, 2018 06:47 AM

A new report is not painting a great picture of del Lago Resort and Casino.

Moody's Investor Services has downgraded del Lago's Corporate Family Rating to a negative outlook.

Advertisement – Content Continues Below

According to the report, its revenue is well below Moody's expectation.

Analysts expected the casino to make $250 million in the first year, but nine months in, Moody's says the casino will make just $150 million.

One major reason for Moody's outlook, there's too many casino's too close to del Lago.

WHECTV

Copyright 2018 - WHEC-TV, LLC A Hubbard Broadcasting Company

Advertisement
Advertisement
Relay Media Amp

We no longer have Facebook comments on this site. Please visit our Facebook Page to join the conversation.