A new report from Moody’s Investor Services this week shows the firm has downgraded del Lago’s Corporate Family Rating to a negative outlook. The report which we have posted at Finger Lakes Daily News.com shows casino revenue below Moody’s expectations. Analysts expected the casino to make 250 million dollars in the first year, but nine months in, Moody’s says the casino made just 150 million . In Moody’s opinion revenue is lagging because there are too many casinos too close to del Lago.
Find the report here.