| 词条 | Empire Resorts |
| 释义 |
| name = Empire Resorts | logo = | type = Public | traded_as = {{NASDAQ|NYNY}} Russell 2000 Index component | genre = Gaming holding company | foundation = 2003 | founder = | location_city = Monticello, Sullivan County, New York | location_country = United States | location = | locations = | area_served = | key_people = Emanuel Pearlman(Chairman), Joseph D'Amato (CEO), Laurette Pitts (CFO), Charles Degliomini (Executive Vice President) Nannette Horner (Chief Compliance Officer) | industry = Gambling | products = Monticello Raceway | services = | market cap = | revenue = {{gain}}US$ 752.9 Million | owner = Kien Huat Realty Sdn Bhd, Genting Group (88.7%) | num_employees = 311 | parent = Kient Huat Realty Sdn Bhd & Genting Group | divisions = | subsid = MRMI | homepage = http://empireresorts.com | footnotes = | intl = }}Empire Resorts is a company that owns the Monticello Raceway racino in the Catskill Mountains 90 miles (140 km) from New York City.[1][2] Headquartered in Monticello, New York, Empire Resorts is 88.7% owned by Kien Huat Realty Sdn Bhd[3] of Genting Group.[4][5] Empire Resorts is currently developing the five-star Resorts World Catskills, a $1.5 billion USD 1700 acre resort currently under construction on the site of the former Concord Resort Hotel in New York State’s Catskill Mountains.[6][7] HistoryEmpire Resorts was founded in 2003 through a consolidation of Alpha Hospitality and Catskill Development LLC, a company that had purchased the Monticello Raceway in 1996.[8][9] The consolidation was carried out by Robert A. Berman, who in the previous year had been offered control as CEO of Alpha Hospitality by Stanley Tollman.[10][11] In 2003, Berman restructured Alpha Hospitality after principal shareholders of the Bryanston Group (Alpha Hopitality’s controlling shareholder) were indicted on tax-related charges.[12][13] Berman restored financial stability by selling off non-essential gaming assets and merging the company with Catskill Development LLC, which led to the creation of Empire Resorts that same year. During this time Berman also arranged for Empire Resorts to sell common stock through Jefferies Group.[14][15] [16] This resulted in Empire Resorts receiving over $35 million in new funding. In 2003 Empire Resorts became a NASDAQ Global Market company,[17] trading under the ticker symbol "NYNY." In 2004 Empire Resorts entered into an agreement to purchase the Concord Resort Hotel from Louis R. Cappelli.[18][19] The transaction was later modified by Kien Huat Realty, which gave way to the $1.5 billion resort project currently financed and under construction by Empire Resorts.[20][21] The project is located on the site of Adelaar, a resort developed by Entertainment Properties Trust within the Concord Resort Hotel.[22] The entertainment complex will include an 80,000 sq. ft. casino, multiple hotel properties, waterparks, and a retail village, dining and entertainment areas.[23][24] The project is expected to be concluded by 2018. In 2009, Kien Huat Realty invested a further $55 million in new equity capital, which represented just below 50% of the voting power of Empire Resorts.[25][26] Kien Huat is an investment branch of the Genting Group, a large leisure and gambling conglomerate founded by Malaysian entrepreneur Lim Goh Tong.[27] Kien Huat, which had previously financed the startup of Foxwoods Resort Casino and the Seneca Niagara Casino & Hotel in New York, was fronted by CEO Lim Kok Thay (Lim Goh Tong’s son).[28][29] In 2010 the Genting Group won a bid to build a racino similar to what it owned in Monticello at Aqueduct Racetrack in New York City.[30] In December 2015, Empire Resorts received a full gaming license for Montreign Resort Casino in New York.[31] On February 2016, Kien Huat Realty purchased $290 million worth of shares, giving the firm 88.7% ownership of Empire Resorts.[32] Empire Resorts currently owns and manages several subsidiaries in the hospitality and gaming industries. The company owns and operates Monticello Raceway and casino in New York through its subsidiary, Monticello Raceway Management, Inc. The 230-acre (93 ha) property is located approximately 90 miles northwest of New York City. The complex offers over 1,110 VGMs, with over 40 electronic table game positions, over 1,000 video lottery terminal slot machines, electronic table games, and one of the largest all-weather harness horse racing tracks in the nation. On January 23, 2019, Empire announced that it would close Monticello Casino’s VGM operations “on or about April 23,” 2019. Empire CEO Ryan Eller said the closure was intended to “improve revenue performance at our nearby Resorts World Catskills property.” Monticello’s racing operations will remain open.[33] References1. ^{{cite web|work = Casino.org |title = Empire Resorts Reveals Plans for Potential Catskills Casino |url = https://www.casino.org/news/empire-resorts-reveals-plans-for-potential-catskills-casino}} 2. ^{{cite web|work = Wall Street Journal |title =Empire Strikes Back in Casino Battle |url = https://www.wsj.com/articles/SB125427347796151357}} 3. ^{{cite web|work =Crains New York |title =Casino near NYC would kill Catskills, bidder says |url = http://www.crainsnewyork.com/article/20140930/BLOGS04/140939988/casino-near-nyc-would-kill-catskills-bidder-says}} 4. ^{{cite web|work =Record Online |title =Empire Resorts' largest shareholder buys nearly $290M of additional shares |url = http://www.recordonline.com/news/20160220/empire-resorts-largest-shareholder-buys-nearly-290m-of-additional-shares}} 5. ^{{cite web|work =New York Times |title =Board Backs Casinos in the Catskills, Near Albany and in Central New York |url = https://www.nytimes.com/2014/12/18/nyregion/new-york-casino-resort-proposals.html}} 6. ^{{cite web|work =Business Wire |title =Empire Resorts, Inc.’s Gaming Facility License for Montreign Resort Casino Becomes Effective |url = http://www.businesswire.com/news/home/20160302005780/en/Empire-Resorts-Inc.%E2%80%99s-Gaming-Facility-License-Montreign}} 7. ^{{cite web|work =Record Online |title =Montreign Resort Casino goes vertical as pace of construction picks up |url = http://www.recordonline.com/news/20160704/montreign-resort-casino-goes-vertical-as-pace-of-construction-picks-up}} 8. ^{{cite web|work =Bloomberg |title =Company Overview of Empire Resorts Inc., Prior to Reverse Merger with Catskill Development, LLC |url = https://www.bloomberg.com/Research/stocks/private/snapshot.asp?privcapId=328888}} 9. ^{{cite web|work =Businesswire |title =Alpha Hospitality to Become 'Empire Resorts, Inc.' Trading on Nasdaq under New Symbol: NYNY |url = http://www.businesswire.com/news/home/20030414005426/en/Alpha-Hospitality-Empire-Resorts-Trading-Nasdaq-Symbol}} 10. ^{{cite web|work =Reference for Business |title =Empire Resorts, Inc. |url = http://www.referenceforbusiness.com/history/De-En/Empire-Resorts-Inc.html}} 11. ^{{cite web|work =New York Times |title = As Catskill Casino Takes Shape, It Is Beyond One Backer’s Grasp |url = https://www.nytimes.com/2007/03/22/nyregion/22tollman.html}} 12. ^{{cite web|work =The Lawyer |title = In-houser charged with fraud and tax evasion |url = https://www.thelawyer.com/issues/22-april-2002/in-houser-charged-with-fraud-and-tax-evasion/}} 13. ^{{cite web|work =New York Times |title = Tax Fugitive's Son Pleads Guilty to Evasion Charges |url = https://www.nytimes.com/2003/09/06/business/tax-fugitive-s-son-pleads-guilty-to-evasion-charges.html}} 14. ^{{cite web|work =New York Times |title = In Catskills, the Long Wait for a Casino Nears an End |url = https://www.nytimes.com/2014/12/19/nyregion/in-the-catskills-the-long-wait-for-a-casino-is-over.html}} 15. ^{{cite web|work =Funding Universe |title = Empire Resorts, Inc. History |url = http://www.fundinguniverse.com/company-histories/empire-resorts-inc-history/}} 16. ^{{cite web|work =NASDAQ |title = Empire Resorts, Inc. |url = http://www.nasdaq.com/markets/spos/filing.ashx?filingid=2570954}} 17. ^{{cite web|work =NASDAQ |title = Empire Resorts, Inc. |url = http://www.nasdaq.com/symbol/nyny}} 18. ^{{cite web|work =Indian Country News |title = Developers plan $700 million gaming resort in Catskills |url = http://www.indiancountrynews.com/index.php/news/26-mainstream-politics/2613-developers-plan-700-million-gaming-resort-in-catskills}} 19. ^{{cite web|work =Business Wire |title = Empire Resorts and Concord Associates Conclude Agreement to Develop a $700 Million Entertainment and Gaming Complex in the Catskills |url = http://www.businesswire.com/news/home/20080211006056/en/Empire-Resorts-Concord-Associates-Conclude-Agreement-Develop}} 20. ^{{cite web|work =New York Times |title = As Catskill Casino Takes Shape, It Is Beyond One Backer's Grasp |url = https://query.nytimes.com/gst/fullpage.html?res=9E00E6DA1430F931A15750C0A9619C8B63&pagewanted=all}} 21. ^{{cite web|work =Business Wire |title =Alpha Hospitality to Become 'Empire Resorts, Inc.' Trading on Nasdaq under New Symbol: NYNY |url = http://www.businesswire.com/news/home/20030414005426/en/Alpha-Hospitality-Empire-Resorts-Trading-Nasdaq-Symbol}} 22. ^{{cite web|work =Hotel Online |title =Louis Cappelli, Who Bought th Bankrupt Concord Resort Hotel for $10.25 million in 1999, Hopes to Land an Indian Casino |url = http://www.hotel-online.com/News/PR2004_4th/Nov04_ConcordNY.html}} 23. ^{{cite web|work =Realstate In Depth |title =Major Resort Developments to Provide Significant Economic Boost to Region |url = http://www.realestateindepth.com/news/major-resort-developments-to-provide-significant-economic-boost-to-region/}} 24. ^{{cite web|work =Business Wire |title =Empire Resorts and EPR Properties Showcase $1 Billion Entertainment Lifestyle Complex to the New York Gaming Facility Location Board |url = http://www.businesswire.com/news/home/20140910006353/en/Empire-Resorts-EPR-Properties-Showcase-1-Billion}} 25. ^{{cite web|work =Euro Investor |title =Empire Resorts Concludes $55,000,000 Investment Agreement with Kien Huat Realty III Limited |url = http://www.euroinvestor.fr/actualites/2009/08/19/empire-resorts-concludes-55000000-investment-agreement-with-kien-huat-realty-iii-limited/10585312}} 26. ^{{cite web|work =Gunk Journal |title =What's Planned For The Adelaar Resort Complex? |url = http://www.gunkjournal.com/2015/01/15/news/1501153.html}} 27. ^{{cite web|work =Wall Street Journal |title =Malaysian Developer Wins Big From NY’s Decision on Casino Locations |url = https://blogs.wsj.com/developments/2014/12/19/malaysian-developer-wins-big-from-nys-decision-on-casino-locations/}} 28. ^{{cite web|work =Forbes |title =Top Asian In US Gaming Takes Desert, Mountains, Wants Beach For Only Truly Global Casino Brand |url = https://www.forbes.com/sites/muhammadcohen/2015/10/23/top-asian-in-us-gaming-takes-desert-mountains-wants-beach-for-only-truly-global-casino-brand/#4907cff2bcea}} 29. ^{{cite web|work = The Star |title =Genting grows business in US and South Korea |url = http://www.thestar.com.my/business/business-news/2015/03/21/genting-grows-business-in-us-and-south-korea/}} 30. ^{{cite web|work = Wall Street Journal |title =Genting Bets Big on Resort Casino at Aqueduct |url = https://www.wsj.com/articles/SB10001424052748704504204575445653971091376}} 31. ^{{cite web|work =World Casino |title =Genting Malaysia Big Apple acquisition for possible new U.S. projects |url = https://news.worldcasinodirectory.com/genting-malaysia-big-apple-acquisition-for-possible-new-u-s-projects-20436}} 32. ^{{cite web|work =Record Online |title =Empire Resorts' largest shareholder buys nearly $290M of additional shares |url = http://www.recordonline.com/news/20160220/empire-resorts-largest-shareholder-buys-nearly-290m-of-additional-shares}} 33. ^{{cite web |last1=Spector |first1=Joseph |title=Monticello Raceway to close its casino operations, but keep racetrack open |url=https://www.poughkeepsiejournal.com/story/news/politics/2019/01/23/monticello-raceway-close-its-casino-operations-but-keep-racetrack-open/2657893002/ |website=The Poughkeepsie Journal |accessdate=24 January 2019 |language=en}} External links
5 : Companies established in 2003|Catskills|Gambling companies of the United States|Companies based in New York (state)|Companies listed on NASDAQ |
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