MONTICELLO, N.Y.--(BUSINESS WIRE)--Aug. 9, 2018--
Empire Resorts, Inc. (NasdaqGM:NYNY) and its subsidiaries (the
“Company”) 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. Moelis has also been
engaged as exclusive financial advisor with respect to a strategic
financing transaction for the Company, if any.
About the Company
Empire Resorts, Inc. was organized as a Delaware corporation on March
19, 1993, and since that time has served as a holding company for
various subsidiaries engaged in the hospitality and gaming industries.
Our indirect wholly-owned subsidiary, Montreign Operating Company,
LLC, 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. Resorts World Catskills
features more than 100,000 square feet of Las Vegas style gaming
including 2,150 slot machines, over 150 live table games, a poker room
and private gaming salons. In addition, Resorts World Catskills provides
10 varied bar and restaurant experiences, the Crystal Life Spa, two
fitness centers, and the 2,500 seat RW Epicenter. Upon completion, the
hotel will feature 332 luxury suites, including 27 premium
accommodations consisting of garden suites, penthouse suites and
two-story villas. The destination resort in which Resorts World
Catskills is located will also include an entertainment project
providing additional accommodations. In early 2019, The
Kartrite Hotel and Indoor Waterpark will be added to this
destination resort, with a Rees Jones-redesigned golf course following
in summer 2019.
Through our wholly-owned subsidiary, Monticello Raceway Management,
Inc., the Company also owns and operates Monticello Casino and Raceway,
a 45,000-square foot video gaming machine and harness horseracing
facility located in Monticello, New York, approximately 90 miles
northwest of New York City.
Further information about the Company is available at www.empireresorts.com,
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Source: Empire Resorts, Inc.
Empire Resorts, Inc.
Charles A. Degliomini, 845-807-0001