After good news last week about Del Lago Resort & Casino’s economic impact – more good news has come in about Upstate’s casinos in general.
The Democrat & Chronicle reports that steady gains have been seen from the sluggish starts that most encountered. While they haven’t fully turned around – they’re now headed in the right direction.
Overall, the four casinos’ revenue jumped 18% to $618 million in 2019, the D&C found. “If you look at the history of regional gaming properties over their lifetime, it’s about two years for them to really click in,” Bob DeSalvio, president of Genting New York State, which owns Resorts World Catskills, told them in December.
The turnaround could partly be connected to a pair of sales that occurred last year. Both Del Lago and Resorts World both sold in 2019.
del Lago said the casino’s economic impact hit $270 million last year, including its $157 million in gaming revenue, a 4% increase from 2018.