MONTICELLO, N.Y.--(BUSINESS WIRE)-- Empire Resorts, Inc. (NASDAQ-GM:NYNY) (“Empire” and, together with its subsidiaries, the “Company”) joins the grassroots campaign, Problem Gambling Awareness Month (“PGAM”), in an effort to raise awareness of problem gambling. PGAM, spearheaded by the National Council on Problem Gambling (“NCPG”), highlights problem gambling prevention, education, treatment and research. Demonstrating its commitment to responsible gaming, during orientation and annually during PGAM, employees of the Company...
TOWN OF THOMPSON, N.Y.--(BUSINESS WIRE)-- Montreign Operating Company, LLC (“Montreign”), an indirect, wholly-owned subsidiary of Empire Resorts, Inc. (NASDAQ-GM:NYNY) (“Empire” and, together with its subsidiaries, the “Company”) was today issued an operation certificate by the New York State Gaming Commission for its Resorts World Catskills casino resort. This announcement comes ahead of Resorts World Catskills’ public opening on February 8th, several weeks ahead of schedule. Once complete, Resorts World Catskills, New York ...
MONTICELLO, N.Y.--(BUSINESS WIRE)-- Empire Resorts, Inc. (NASDAQ-GM:NYNY) (“Empire” and, together with its subsidiaries, the “Company”) announced that Kien Huat Realty III Limited (“Kien Huat”), Empire’s largest stockholder, agreed to exchange a Company promissory note it holds with an outstanding balance of approximately $36.166 million for approximately 1,380,000 shares of Empire common stock in full satisfaction of such outstanding promissory note. The exchange of such promissory note was based on the volume-weighted average price ...
MONTICELLO, N.Y.--(BUSINESS WIRE)-- Empire Resorts, Inc. (NasdaqGM:NYNY) (“Empire” and, together with its subsidiaries, the “Company”) announced today that Jamie M. Sanko has been appointed the Chief Accounting Officer of Empire, and Kevin D. Kline has been appointed the Chief Operating Officer and General Manager of Resorts World Catskills. Mr. Sanko has nearly 20 years of accounting and finance experience. Most recently, he served as chief financial officer of by Genting Americas, Inc. and was responsible for the financial ...
MONTICELLO, N.Y.--(BUSINESS WIRE)-- Empire Resorts, Inc. (“Empire” and, together with its subsidiaries, the “Company”) (“NasdaqGM:NYNY”) today announced that its Chief Executive Officer Joseph D’Amato has retired from the Company and the Board of Directors, effective immediately. The Company also announced that its current President and Chief Operating Officer Ryan Eller has been appointed CEO, and will retain the title of President. In his new role, Mr. Eller will lead Empire in fulfilling the vision of Resorts World Catskil...
MONTICELLO, N.Y.--(BUSINESS WIRE)-- Montreign Operating Company, LLC (“Montreign”), a wholly-owned indirect subsidiary of Empire Resorts, Inc. (NASDAQ-GM:NYNY) (“Empire” and, together with its subsidiaries, the “Company”) today announced the successful closing of a $35 million increase to Montreign’s Term B loans, which are part of its senior secured first lien term loan facility. Following the closing of the additional $35 million Term B loans, the term loan facility now provides an aggregate of $520 million senior secured first lien...
MONTICELLO, N.Y.--(BUSINESS WIRE)-- Montreign Operating Company, LLC (“Montreign”), a wholly-owned indirect subsidiary of Empire Resorts, Inc. (NASDAQ-GM:NYNY) (“Empire” and, together with its subsidiaries, the “Company”) today announced that it has secured commitments from lenders to increase by $35 million the aggregate principal amount of Montreign’s Term B loans, which are part of its senior secured first lien term loan facility. Upon the closing of the additional $35 million Term B loans, the term loan facility will provide an ag...
MONTICELLO, N.Y.--(BUSINESS WIRE)-- Empire Resorts, Inc. (“Empire” and, together with its subsidiaries, the “Company”) (NasdaqGM:NYNY) announced today that the Company’s resort casino being constructed as part of a $1.2 billion four-season destination resort located in Sullivan County, New York will now be identified as Resorts World Catskills. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170518005955/en/ Last month, a subsidiary of Empire entered into a license agreem...
MONTICELLO, N.Y.--(BUSINESS WIRE)-- Montreign Operating Company, LLC (“MOC”), an indirect, wholly-owned subsidiary of Empire Resorts, Inc. (NASDAQ-GM:NYNY) (“Empire” and, together with its subsidiaries, the “Company”), today announced it has entered into a license agreement to rebrand Montreign Resort Casino a Resorts World property. The resort casino MOC is developing part of a $1.2 billion four-season destination resort under construction in the Town of Thompson in Sullivan County, New York. The resort casino, which is designed to m...
MONTICELLO, N.Y.--(BUSINESS WIRE)-- Empire Resorts, Inc. (NASDAQ-GM:NYNY) (“Empire” and, together with its subsidiaries, the “Company”) today announced the appointment of Ryan Eller as President and Chief Operating Officer of Empire effective immediately. In his new role, Mr. Eller will oversee the development of the Company’s resort casino in Sullivan County, New York and the Company’s operations at the Monticello Casino and Raceway.Mr. Eller brings to the Company extensive experience in the design, development and operation...
MONTICELLO, N.Y.--(BUSINESS WIRE)-- Montreign Operating Company, LLC (“Montreign”), a wholly-owned indirect subsidiary of Empire Resorts, Inc. (NASDAQ-GM:NYNY) (“Empire” and, together with its subsidiaries, the “Company”) today (the “Closing Date”) announced the successful closing of its senior secured first lien term loan facility and senior secured revolving credit facility. The financing provides an aggregate of $485 million senior secured first lien term loans, consisting of $70 million of Term A loan commitments and $415 million ...
MONTICELLO, N.Y.--(BUSINESS WIRE)-- Empire Resorts, Inc. (NASDAQ-GM:NYNY) (“Empire”) announced that its wholly-owned subsidiary, Montreign Operating Company, LLC (“Montreign” and, together with Empire, the “Company”), received notice on Friday December 9, 2016 that its aggregate of $460 million of construction term loan has been allocated to lenders. The Company intends to use the proceeds of such term loans to finance the development of the Montreign Resort Casino, Entertainment Village and Golf Course, all of which are included in t...
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky announces it has commenced an investigation of Empire Resorts Inc. (NASDAQ: NYNY) concerning possible breaches of Delaware law by the board of directors of the company. To obtain additional information, go to: http://zlk.9nl.com/empire-resorts-nyny or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. Levi & Korsinsky is a national firm with offices in New York, New Jersey, California...
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