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State Gaming Commission issues license to Lago Resort & Casino

Lago Resort & Casino is slated to open during the first half of 2017, its partners said Monday, following the announcement that the New York State Gaming Commission has issued a gaming license for the $425 million project in Tyre, Seneca County.

Lago was one of three casinos granted licenses—along with Rivers in Schenectady and Montreign Resort Casino in the Catskills—across the state.

Plans for the Lago project off Thruway Exit 41 include a casino along with a hotel, spa, restaurants and other amenities. In the casino, the company plans to install 2,000 slot machines and 85 table games. Lago developers expect the project to create 1,800 jobs.

“This is a huge day, and not just for those of us connected to Lago but also for the people of Tyre, Seneca County, and the entire Finger Lakes region,” said Thomas Wilmot, Wilmorite Inc. chairman and a Lago partner.

“We will bring new tourists to the Finger Lakes region to help wineries, breweries, farms and other local businesses grow,” Wilmot continued. “We were right two years ago and we’re right now: this will be a game changer.”

Lago has faced opposition and litigation, largely from a citizens’ group called Casino Free Tyre who have questioned the impact the 3,400 acre-project will have on the rural community.

Additional opposition has come from Turning Stone Casino Resort in Verona, Oneida County, run by the Oneida Indian Nation and from Delaware North Co. Inc., the owners of Finger Lakes Gaming & Racetrack in Farmington, Ontario County.

(c) 2015 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail rbj@rbj.net.

 

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