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Del Lago Resort & Casino

The new logo for del Lago Resort & Casino. 

Seneca County and the town of Tyre will share 10 percent of a $50 million fee paid Wednesday by del Lago Resort & Casino. 

The payment, which was submitted to the state Gaming Commission, is for del Lago's casino license. The facility's developers, Peninsula Pacific and Wilmorite, were awarded the gaming license in December. 

The state will keep most of the money, but some of the funds will be distributed to municipalities in the Finger Lakes and Southern Tier.

Seneca County and Tyre will share $5 million. An additional $5 million will be paid to other counties in the gaming region — Broome, Chemung, Schuyler, Tioga, Tompkins and Wayne. 

"While we are excited about making this license fee payment, we are even more excited about the progress we are making building what will soon be the best resort and casino in all of upstate New York," del Lago Co-Chairman Tom Wilmot said. 

"Thanks to the mild winter weather and a great local workforce, construction of del Lago is proceeding ahead of schedule. We are regularly increasing the number of employees working on building del Lago and passersby can see the structure really taking shape." 

Construction continues at the casino site, which is located off exit 41 of the New York State Thruway. 

Last week, developers revealed a new name for the facility — del Lago Resort & Casino. It's a slight adjustment from Lago Resort & Casino, the previous name associated with the project. 

The target date for del Lago's opening is February 2017. 

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