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NYNY Stock Chart & Research Data

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NYNY Due diligence Resources & Stock Charts

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Financial & Transaction Holdings

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Latest Financial News for NYNY

Montreign Operating Company, LLC -- Moody's downgrades Montreign Operating Company, LLC's CFR to Caa3; negative outlook
Posted on Monday September 10, 2018

Moody's Investors Service (Moody's) today downgraded Montreign Operating Company, LLC's (Montreign) Corporate Family Rating today to Caa3 from Caa1 and Probability of Default Rating to Caa3-PD from Caa1-PD. "The downgrade and negative rating outlook consider that despite a slight pickup in Resorts World Catskills' monthly gaming revenue during June and July, the improvement was not enough to alleviate Moody's concern that Montreign will be challenged to support its annual fixed charges of about $75 million going forward," stated Keith Foley, a Senior Vice President at Moody's. Resorts World Catskills' ramp up in terms of gross gaming revenue continues be at a level well below expectations, and at a rate that Moody's believes will not generate enough EBITDA to cover the company's interest and scheduled principal repayments during the next 12-18 months," added Foley.

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.

Montreign Operating Company, LLC -- Moody's downgrades Montreign Operating Company, LLC's CFR to Caa1 placed under review for downgrade
Posted on Monday June 11, 2018

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.

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