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02/16/2012
Study: Monticello Casino & Raceway Creating Jobs for Sullivan County
01/03/2012
Empire Resorts Regains Compliance With NASDAQ Minimum Bid Price Rule
12/13/2011
Empire Resorts Announces Reverse Split of Its Common Stock
HERE'S THE LATEST
Study: Monticello Casino & Raceway Creating Jobs for Sullivan County
580 Jobs Supported, Added Over $25 Million to Sullivan County Economy & Generated Over $37 Million to State and Local Revenues Annually MONTICELLO, N.Y. (February 16, 2012) – Monticello Casino & Raceway added over $25 million to the Sullivan County economy and generated over $37 million annually in revenues for the region and the state, according to a new economic impact analysis conducted by an independent firm. This analysis also estimates that 580 local, full and part-time jobs are supported by the casino. The New York Gaming Association (NYGA) released part one of the two-part report today to outline the positive economic impact gaming has had on the local economy... [more]
Empire Resorts Regains Compliance With NASDAQ Minimum Bid Price Rule
MONTICELLO, N.Y.--(BUSINESS WIRE)--Jan. 3, 2012-- Empire Resorts, Inc. (NASDAQ-GM: NYNYD) (the “Company” ) announced that it received notice from The Nasdaq Stock Market (“Nasdaq”) confirming that the Company has regained compliance with the $1.00 per share minimum closing bid price requirement for continued listing on The Nasdaq Global Market under Listing Rule 5550(a)(2). The Company’s trading symbol, which was temporarily changed to NYNYD following a reverse split of the Company's common stock, will return to NYNY at the open of the market on January 13, 2012. About Empire Resorts, Inc. Empire owns and operates, through its subsidiary Monticello Raceway Management, Inc., the Montice... [more]
Empire Resorts and Entertainment Properties Trust Announce Concord Resort Development Milestone
Companies Sign Option To Lease Agreement MONTICELLO, N.Y.--(BUSINESS WIRE)-- Empire Resorts, Inc. (NASDAQ-GM: NYNYD) ("Empire") and Entertainment Properties Trust (NYSE:EPR) (“EPR”) today announced that subsidiaries of the companies have finalized terms of an option agreement, whereby Empire’s subsidiary, Monticello Raceway Management, Inc. (”MRMI”) has the right to lease a parcel of land owned by EPR’s subsidiary, EPT Concord, II, LLC (“EPT Concord”) for future development of a new regional destination casino resort, hotel and harness racetrack at the site of the former Concord Resort. MRMI has made a payment in the amount of $750,000 to EPT Concord in consideration for the granting of thi... [more]
Empire Resorts Announces Reverse Split of Its Common Stock
MONTICELLO, N.Y.--(BUSINESS WIRE)--Dec. 13, 2011-- Empire Resorts, Inc., (NASDAQ-GM: NYNY) (“Empire” or the “Company”) today announced it filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation (the “Amendment”) to implement a one-for-three reverse split (the “Reverse Split”) of its common stock, $.01 par value per share. The Amendment became effective on December 13, 2011 (the “Effective Time”). The Amendment did not change the par value of the common stock or the number of shares of common stock Empire is authorized to issue. Stockholders holding shares representing a majority of the Empire... [more]
Empire Resorts Announces Extension of Exclusivity Agreement with Entertainment Properties Trust and MSEG LLC
MONTICELLO, N.Y.--(BUSINESS WIRE)--Dec. 1, 2011-- Empire Resorts, Inc., (NASDAQ-GM: NYNY) (Empire) today announced the extension of the exclusivity agreement with Entertainment Properties Trust (EPR) and MSEG LLC for the joint development of the companies’ respective properties located in Sullivan County, New York. Empire owns and operates Monticello Casino and Raceway and EPR is the sole owner of Concord EPT, comprising 1,500 acres located at the site of the former Concord Resort. The previously announced exclusivity agreement, as amended, commits the respective parties to work together exclusively for seven months t... [more]
