The Del Lago Casino in Tyre, Seneca County has had its bond rating reduced by Moody’s Investor Services. The bond rating was lowered to Caa2 with a negative outlook. The $440 million casino was expected to achieve revenue of $250 million per year, but the current rate is only $150 million. Moody’s does believe that Del Lago can pay the interest payments on its debt at this time. Del Lago is about 85 miles north of Tioga Downs.
