Casino resort scheduled to open its doors to public on February 8th
TOWN OF THOMPSON, N.Y.--(BUSINESS WIRE)--Feb. 5, 2018--
Montreign Operating Company, LLC (“Montreign”), an indirect,
wholly-owned subsidiary of Empire Resorts, Inc. (NASDAQ-GM:NYNY)
(“Empire” and, together with its subsidiaries, the “Company”) was today
issued an operation certificate by the New York State Gaming Commission
for its Resorts World Catskills casino resort.
This announcement comes ahead of Resorts World Catskills’ public opening
on February 8th, several weeks ahead of schedule. Once
complete, Resorts World Catskills, New York State’s largest integrated
commercial casino resort will contain 100,000 square feet of Las Vegas
style gaming, including more than 150 table games and 2,150 slot
machines, 10 varied culinary and nightlife options, a 2,500-seat event
center and a 332-room all-suite hotel designed to meet 5-star and
5-diamond standards.
“Today marks a major milestone,” said Ryan Eller, President and CEO of
Empire Resorts, Inc., “We’re looking forward to bringing something we
believe is truly special to the people of New York State and the
Catskill Region – a thriving resort destination that will become a
beacon for both economic opportunity and excitement. We’re very thankful
for all the hard work, dedication, and vision of so many that brought
this to its fruition, including the contributions of over 3,000 union
workers employed in the construction of this project.”
Resorts World Catskills will officially open on Thursday, February 8th
at 8 a.m., when the public will have the first opportunity to experience
the new casino resort. Following the public opening, a private ribbon
cutting ceremony will commence at 11 a.m.
Resorts World Catskills will leverage the internationally recognized
Resorts World hospitality and casino brand, which includes integrated
destination resorts located in Kuala Lumpur, Malaysia, Singapore,
Bimini, Bahamas, Manila, Philippines, Birmingham, England, New York
City, New York and the newest property currently under construction in
Las Vegas, Nevada.
Further information about the Company and Resorts World Catskills is
available at www.empireresorts.com
and www.rwcatskills.com.
About the Company
The Company was awarded a gaming facility license by the New York
State Gaming Commission to develop and operate a resort casino located
at the site of a four-season destination resort being developed in the
Town of Thompson in Sullivan County, New York, approximately 90 miles
from New York City. The Company is the sole holder of a gaming facility
license in the Hudson Valley-Catskills Area, which consists of Columbia,
Delaware, Dutchess, Greene, Orange, Sullivan and Ulster counties in New
York State.
When complete, Resorts World Catskills will include an 18-story
hotel, casino and entertainment complex with 100,000 square feet of
casino floor, featuring over 150 live table games, 2,150 state of the
art slot machines, a poker room and private gaming salons. Guest
amenities will include 332 all-suite luxury rooms, which include 12
penthouse suites, 8 garden suites and 7 two-story villas, two indoor
pools, a spa and fitness center — all designed to meet 5-star and
5-diamond standards. Guests will be able to choose from 10 varied bar
and restaurant experiences, including fine dining, and an Italian
steakhouse created by celebrity chef Scott Conant. Guests can also enjoy
year-round live entertainment at the 2,500-seat event center, casino
bars, restaurants and lounges.
The destination resort in which Resorts World Catskills is located
will also include an entertainment village providing additional
entertainment, food and accommodations. In early 2019, a Rees
Jones-redesigned golf course and The Kartrite, an indoor waterpark
lodge, will also be added to this destination resort.
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, www.rwcatskills.com and www.monticellocasinoandraceway.com.
Cautionary Statement Regarding Forward Looking Information
This press release includes "forward-looking statements" intended to
qualify for the safe harbor from liability established by the Private
Securities Litigation Reform Act of 1995. These statements include
statements about our plans, strategies, financial performance, prospects
or future events and involve known and unknown risks that are difficult
to predict. As a result, our actual results, performance or
achievements may differ materially from those expressed or implied by
these forward-looking statements. In some cases, you can
identify forward-looking statements by the use of words such as "may,"
"could," "expect," "intend," "plan," "seek," "anticipate," "believe,"
"estimate," "predict," "potential," "continue," "likely," "will,"
"would" and variations of these terms and similar expressions, or the
negative of these terms or similar expressions. Such forward-looking
statements are necessarily based upon estimates and assumptions that,
while considered reasonable by the Company and our management team, are
inherently uncertain. Factors that may cause actual results
to differ materially from current expectations include, among others,
levels of spending in business and leisure segments as well as consumer
confidence; changes in the competitive environment in the gaming
industry and the markets where we operate; whether the Company is judged
to have met the hospitality standards necessary to be awarded a
5-diamond rating by the American Automobile Association or a 5-star
rating by the Forbes Travel Guide; the ability to meet and maintain
compliance with legal and regulatory restrictions on our business,
including in relation to our advertising, customer promotion and
marketing activities; recognition of and loyalty to the Resorts World
and Genting brands; customer preference for competing hospitality and
gaming brands operating in our market; the effectiveness of marketing
and promotional activity based on the Resorts World and Genting brands;
our ability to adapt to a rapidly changing media environment; our
ability to leverage the Resorts World and Genting brands to attract
visitors in our market; adverse publicity relating to the Resorts World
or Genting brands; and the continued investment to maintain, extend and
expand the image of the Resorts World and Genting brands through
marketing initiatives, including advertising and consumer promotions,
and product innovation, over which we have no control. We
caution you not to place undue reliance on any forward-looking
statements, which are made as of the date of this press release. We
undertake no obligation to update publicly any of these forward-looking
statements to reflect actual results, new information or future events,
changes in assumptions or changes in other factors affecting
forward-looking statements, except to the extent required by applicable
laws. If we update one or more forward-looking statements,
no inference should be drawn that we will make additional updates with
respect to those or other forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180205005889/en/
Source: Empire Resorts, Inc.
Empire Resorts, Inc.
Charles A. Degliomini, 845-807-0001
Executive
Vice President
cdegliomini@empireresorts.com
