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Empire Resorts Engages Moelis & Company LLC as Exclusive Financial Advisor
Posted on Thursday August 09, 2018
Empire Resorts, Inc. and its subsidiaries has engaged Moelis & Company LLC as exclusive financial advisor to assist in the Company’s review of opportunities in online gaming, sports betting and interactive gaming.
Moody's Investor Services ("Moody's) today downgraded Montreign Operating Company, LLC's (Montreign) Corporate Family Rating today to Caa1 from B3 and Probability of Default Rating to Caa1-PD from B3-PD. All of Montreigns ratings were placed on review for downgrade. Montreign, a wholly-owned indirect subsidiary of Empire Resorts, Inc. (not-rated), owns and operates Resorts World Catskills (Resorts), a casino resort which opened to the public on February 8, 2018.
Empire Resorts Sees Opportunity in Supreme Court Decision on Sports Betting
Posted on Tuesday May 15, 2018
Empire Resorts, Inc. (NYNY) (together with its subsidiaries, the “Company”) lauds the U.S. Supreme Court’s decision to strike down PASPA and thereby open the door to expanded legalization of sports betting. “We are prepared to implement sports betting as part of the gaming experience at our resort casino, Resorts World Catskills, upon the formulation of relevant regulations in New York State,” said Ryan Eller, President and Chief Executive Officer of the Company. “We believe the ruling has the potential to transform how Americans bet on sports and we are one of the few New York State venues that can be authorized to host a sports pool under New York’s Gaming Act.
Empire Resorts, Inc. Participates in Problem Gambling Awareness Month
Posted on Tuesday March 27, 2018
Empire Resorts, Inc. joins the grassroots campaign, Problem Gambling Awareness Month , in an effort to raise awareness of problem gambling.