Caesars Entertainment, Inc. Announces Agreement to Sell

Del Lago Resort & Casino is good for our community—it has created employment opportunities, an entertainment destination and a new stream of revenue for the town and county. The continued success of del Lago is good for everyone in the Finger Lakes region.” It has been suggested that the ownership transition will ensure that local investment, jobs, and del Lago’s presence will continue The Wilmots will no longer share ownership of del Lago Resort & Casino in Seneca County. The family, led by Wilmorite Chairman Thomas Wilmot Sr., will sell its equity shares in the casino to its del Lago Resort & Casino is in Waterloo, New York and is open daily 24 hours. The casino's 94,000 square foot gaming space features 1,950 gaming machines and ninety-one table and poker games. The property has six restaurants, two bars and a hotel with 205 rooms. Del Lago casino owner Tom Wilmot has those steps covered. “I think we need some help at this point, and what the future holds, time will tell,” Wilmot said the other day in Albany, Del Lago Casino in Upstate New York Now Has Sole Owner After Wilmot Family Cashes Out. Posted on: August 18, 2019, 03:32h. Last updated on: August 18, 2019, 04:11h. Tyre-based casino del Lago Resort & Casino recently announced that the developer who led the casino project in 2015 would sell their 50 percent stake in the business. Analysts and On August 19, 2019 news reports indicate an ownership change has occurred at upstate New York hotel/casino Del Lago.One 50/50 JV partner is buying out the other. By itself that’s not a reason for a post, but with nearby competitor Resorts World Catskills talking “voluntary Chapter 11” , attention is deserved. Note, too, that Moody’s downgraded Del Lago back in January to Caa3. del Lago Resort & Casino is owned by Peninsula Pacific. The following ownership information is a subset of that available in the Gaming Business Directory published by Casino City Press. For more information about Gaming Business Directory products visit Peninsula Pacific (Owner) "We wish them the best under Casino Queen's ownership." The transaction is expected to close in mid-2021 and is subject to regulatory approvals and other customary closing conditions. Macquarie Capital and Milbank LLP represented Caesars Entertainment on the transaction. About Caesars Entertainment, Inc. Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino-entertainment company in There’s a change in ownership coming for the del Lago Resort & Casino in Seneca County. The Wilmot family, Rochester-based developers who operate Wilmorite, have owned half of that casino in the

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