|Bid||6.50 x 900|
|Ask||15.00 x 1000|
|Day's Range||13.00 - 14.15|
|52 Week Range||6.31 - 30.98|
|Beta (3Y Monthly)||2.53|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.00|
Empire Resorts Executive Chairman Manny Pearlman on teaming up with bet365 to offer sports betting at Resorts World Catskills in New York.
NEW YORK, Nov. 16, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Empire Resorts, Inc. (NYNY) (together with its subsidiaries, “Empire”) and an affiliate of bet365 Group Limited (“bet365”) today announced a strategic alliance to develop a physical and online sportsbook in New York State at Resorts World Catskills, New York’s newest and largest integrated commercial casino resort destination with closest proximity to Manhattan. Empire and an affiliate of bet365, the world’s largest online sports bookmaker, entered into a 20-year agreement (the “Sports Wagering Agreement”) to offer retail sports betting, an online sportsbook and online gaming at Resorts World Catskills if and when permitted by applicable law.
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, 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, 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. joins the grassroots campaign, Problem Gambling Awareness Month , in an effort to raise awareness of problem gambling.
For Empire Resorts Inc’s (NASDAQ:NYNY) shareholders, and also potential investors in the stock, understanding how the stock’s risk and return characteristics can impact your portfolio is important. Every stock inRead More...
Montreign Operating Company, LLC , an indirect, wholly-owned subsidiary of Empire Resorts, Inc. was today issued an operation certificate by the New York State Gaming Commission for its Resorts World Catskills casino resort.
Investors are always looking for growth in small-cap stocks like Empire Resorts Inc (NASDAQ:NYNY), with a market cap of $880.77M. However, an important fact which most ignore is: how financiallyRead More...