1958

Resorts World New York City, the first casino located within the five boroughs, opened in 2011 in Aqueduct’s former grandstand and has generated billions of dollars in economic activity. The MGM-owned Empire City and the Genting-owned Resorts World are eager to get state approval for two of three remaining casino licenses in New York, while the Las Vegas Sands Corp. Yonkers’ Empire City Casino, one of the state’s largest gambling facilities, said it is excited about the reopening of their facilities. “We are awaiting specific guidelines from the state but are. Empire owns and operates Resorts World Catskills, an all-season integrated destination casino resort located in Sullivan County, New York, approximately 90 miles from New York City, including the. Resorts World Casino New York City Resorts World Casino in New York City has some 5,000 video slots and gaming machines. It is not a full casino, but a racino. The video slot machines include regular slots, both with buttons and levers to pull. Play bets starting at 1 cent to $1 and much more.

Monticello Raceway began operations on its lightning-fast half-mile track June 27, 1958.

1993

Empire Resorts, Inc. was organized as a Delaware corporation on March 19, 1993.

2001

New York State passes legislation allowing race tracks to host electronic slot machines.

2003

The Company joins Nasdaq via a reverse merger under the Empire Resorts, Inc. name and ticker symbol “NYNY.”

2004

The Company received regulatory approval to open a casino at the Monticello Raceway site. A $34 million renovation is completed in six months and the new Monticello Casino & Raceway began operations on June 30, 2004. The casino operations ceased on April 23, 2019.

2013

New York State legislature enacts the Upstate New York Gaming and Economic Development Act and New York voters approve a constitutional amendment to permit destination gaming resorts in New York.

2015

The Company is awarded a gaming facility license to develop, own and operate the Montreign Resort Casino.

2017

Montreign Operating Company, LLC, an indirect, wholly-owned subsidiary of Empire Resorts, Inc. enters into a license agreement to rebrand Montreign Resort Casino a Resorts World property.

2018

The company received regulatory approval to open to the public Resorts World Catskills casino on February 8, 2018. Resorts World Catskills casino features approximately 100,00 square feet of casino space, 10 food and beverage experiences, the 2,500 seat RW Epicenter and 332 luxury suites.

2019

The company’s shareholders approved the merger of the company which resulted in the delisting of the company’s stock from the Nasdaq Global Market.

Empire Resorts
Public
Traded as	NASDAQ: NYNY Russell 2000 Index component
Industry	Gambling
Genre	Gaming holding company
Founded	2003; 17 years ago
Headquarters	Monticello, Sullivan County, New York ,
Key people	Emanuel Pearlman(Chairman), Joseph D'Amato (CEO), Laurette Pitts (CFO), Charles Degliomini (Executive Vice President) Nannette Horner (Chief Compliance Officer)
Products	Monticello Raceway
Revenue	US$ 752.9 Million
Owner	Kien Huat Realty Sdn Bhd, Genting Group (88.7%)
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Parent	Kient Huat Realty Sdn Bhd & Genting Group
Subsidiaries	MRMI
Website	http://empireresorts.com

Monticello Raceway

Empire Resorts is a company that owns the Monticello Raceway 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 US$1.5 billion 1700 acre resort currently under construction on the site of the former Concord Resort Hotel in New York State’s Catskill Mountains.^[6]^[7]

Empire Resorts Casino Queens Ny Concert Venue

History[edit]

Empire 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. Wayne brady tickets seneca niagara casino concerts. 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 gamblingconglomerate 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. Turning stone casino. 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,”