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04/30/2013
Empire Resorts Announces Commencement of Rights Offering
04/04/2013
Empire Resorts Files Registration Statement for Planned Rights Offering
01/16/2013
EPR Properties and Empire Resorts Receive Approval for Destination Resort Master Plan
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Empire Resorts, Inc.’s Largest Stockholder Exercises Basic Subscription Rights in Rights Offering
$6.9 Million Proceeds to Company MONTICELLO, N.Y.--(BUSINESS WIRE)--May. 13, 2013-- Empire Resorts, Inc. (NASDAQ-GM:NYNY) announced that Kien Huat Realty III Limited (“Kien Huat”), the Company’s largest stockholder, exercised the basic subscription rights it was granted in the Company’s ongoing rights offering on Friday, May 10, 2013. Such exercise generated approximately $6.9 million of proceeds to the Company. In accordance with a standby purchase agreement executed by the Company and Kien Huat in relation to the rights offering, Kien Huat has further agreed it would exercise all rights not otherwise exercised by th... [more]
Empire Resorts Announces Commencement of Rights Offering
MONTICELLO, N.Y.--(BUSINESS WIRE)--Apr. 30, 2013-- Empire Resorts, Inc. (NASDAQ-GM:NYNY) today announced that it has commenced its previously announced $11.4 million rights offering. Under the terms of the rights offering, Empire will grant, at no charge to the holders of record of its common stock and Series B Preferred Stock on April 8, 2013, the record date for the rights offering, one non-transferable subscription right for each five shares of common stock owned, or into which the Series B Preferred Stock is convertible, as more fully described in the prospectus relating to the rights offering. Each subscription right will en... [more]
Empire Resorts Files Registration Statement for Planned Rights Offering
$11.4 Million Offering MONTICELLO, N.Y.--(BUSINESS WIRE)--Apr. 4, 2013-- Empire Resorts, Inc. (NASDAQ-GM:NYNY) today announced that it plans to commence a rights offering of common stock to the holders of its common stock and Series B Preferred Stock, which, if fully subscribed, will produce gross proceeds to the Company of approximately $11.4 million. The Company expects to utilize the estimated net proceeds of the rights offering of approximately $11.1 million to fund certain costs of its development project at the site of the former Concord Resort in Sullivan County, New York, which costs may include permitting, infrastruc... [more]
Empire’s Construction Manager Signs Project Labor Agreement with Hudson Valley Building & Construction Trades Council
MONTICELLO, N.Y.--(BUSINESS WIRE)--Mar. 12, 2013-- Empire Resorts, Inc. (“Empire”) (NASDAQ-GM: NYNY) and the Hudson Valley Building & Construction Trades Council (“HVBCTC”), today announced that LP Ciminelli, Inc. (“LP Ciminelli”), the construction manager for a proposed casino, hotel and harness racetrack to be built by Empire’s subsidiary, Monticello Raceway Management, Inc. (“MRMI”), has signed a Project Labor Agreement (“PLA”) with HVBCTC. The proposed casino project is to be situated on property owned by a subsidiary of EPR Properties (NYSE:EPR), comprising 1,500 acres located at the site of the former Concord Resort... [more]
EPR Properties and Empire Resorts Receive Approval for Destination Resort Master Plan
MONTICELLO, N.Y.--(BUSINESS WIRE)--Jan. 16, 2013-- EPR Properties (“EPR”) (NYSE: EPR), together with Empire Resorts, Inc. and its wholly owned subsidiary, Monticello Raceway Management, Inc. (together “Empire”) (NASDAQ-GM: NYNY) last night received approval from the Town of Thompson Town Board on the Comprehensive Development Plan (“CDP”), SEQRA findings and the Planned Resort Development Text Amendments (“Amendments”) for the 1,583-acre site of the former Concord Resort (“EPT Concord Resort”). Approval of the CDP and SEQRA findings and the adoption of the Amendments means the joint developments can now move forward with the ... [more]
