In New York, Peninsula Gaming over promised and under delivered! Peninsula Gaming opened a casino in Seneca County, New York, projecting to the business world and promising state and local governments a big win! Just like they are promising to St. Tammany Parish and Louisiana. In the very first year, Peninsula’s del Lago Casino and Resort fell 44% short of their revenue projections – about a $100
million short! A national gaming expert commented that this was “predictable!”
This resulted in the prestigious Moody’s Investor Service downgrading the credit rating to negative after issuing a “scathing” report on del Lago’s performance. (Source: https://www.newyorkupstate.com/casinos/2018/03/gaming_expert_on_ del_lago_casinos_money_woes_they_made_a_mistake.html)
PENINSULA DEMANDED A TAX BAILOUT NEXT! Shortly after, Peninsula Gaming went to the New York Legislature asking for a new tax deal for the casino – a big cut in taxes they had already agreed to pay. In short, a tax bailout in the millions for the del Lago casino. Governor Andrew Cuomo said no! Forget it! It is simple: you do not place a bet on someone who fails to keep their promises! (Source: https://www.democratandchronicle.com/story/news/politics/albany/2018/03/27/del-lago-casino-struggling- revenue-seeks-state-bailout/462198002/ )
Now, Peninsula is making big promises to St. Tammany Parish, but it’s proven they overpromise and under-deliver! Big promises, beautiful pictures, and big promotion are being made by Peninsula Gaming to the people of St. Tammany
Parish and the state of Louisiana. Yet, what’s going to happen when all these promises are not kept, just like in New York? Well, we already know. Next stop will be the Louisiana Legislature where Peninsula will be demanding taxes be slashed and a tax bailout be delivered up. Just like the experience that New York had with them. Peninsula is a bad bet! It was so bad that even a bad governor like Andrew Cuomo could see it with his own eyes! Don’t place a BAD BET on Peninsula Gaming! Don’t believe the promises made when the record shows Peninsula overpromises and fails to deliver! Tell the St. Tammany Parish council to pass on the Peninsula Casino deal! Call today at 985.898.2700 and tell your council member NOT to place a bad bet on the Peninsula Casino!
