|Bid||0.00 x 2900|
|Ask||0.00 x 800|
|Day's Range||9.69 - 9.71|
|52 Week Range||6.31 - 16.96|
|Beta (3Y Monthly)||2.21|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.00|
NEW YORK , Aug. 21, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Empire Resorts, Inc. (NASDAQ: NYNY) on behalf of Empire shareholders ...
NEW YORK, Aug. 21, 2019 -- Levi & Korsinsky announces it has commenced an investigation of Empire Resorts, Inc. (NASDAQ: NYNY) concerning possible breaches of fiduciary.
NEW YORK , Aug. 20, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Empire Resorts, Inc. ("Empire ...
Kien Huat Realty III Limited and Genting Malaysia Berhad is acquiring the remaining shares of Empire Resorts, Inc. (NASDAQ: NYNY ) for $9.74 in cash per share of common stock, The purchase price represents ...
MONTICELLO, N.Y., Aug. 19, 2019 /PRNewswire/ -- Empire Resorts, Inc. (NYNY) ("Empire Resorts" or the "Company") today announced a definitive agreement under which affiliates of Kien Huat Realty III Limited ("Kien Huat") and Genting Malaysia Berhad ("Genting Malaysia") will acquire all of the outstanding equity of the Company not currently owned by Kien Huat or its affiliates for $9.74 in cash per share of common stock, and with each share of the Company's Series B preferred stock receiving the same consideration on an as-converted to common stock basis. Kien Huat is currently the holder of approximately 86% of Empire Resorts' outstanding shares of common stock, including common stock issuable upon conversion of the Company's Series F convertible preferred stock.
MONTICELLO, N.Y., Aug. 6, 2019 /PRNewswire/ -- Empire Resorts, Inc. (NYNY) (the "Company"), today confirmed that the special committee of its board of directors (the "Board") has received an unsolicited proposal from Kien Huat Realty III Limited ("KH"), the holder of approximately 86% of Empire Resorts' outstanding shares of common stock. KH is proposing to acquire all of the outstanding equity of the Company not currently owned by KH or its affiliates for $9.74 per share of common stock, and with each share of the Company's series B preferred stock receiving the same consideration on an as-converted to common stock basis, in cash in a joint-venture with Genting Malaysia, an affiliate of KH.
Empire Resorts, Inc. (NYNY) (the "Company"), today announced that the special committee of its board of directors (the "Board") has received a letter, dated July 25, 2019 (the "Letter"), from Kien Huat Realty III Limited (“KH”), its controlling stockholder. KH, which currently owns approximately 86% of the outstanding shares of the Company’s common stock, indicated, among other things, its willingness to entertain an invitation from the Company to acquire all outstanding equity of the Company not already owned by KH. The Letter further indicated that, at this time, KH did not intend to provide further equity or debt financing to the Company, beyond its obligations under the Commitment Letter, dated November 5, 2018 and as last amended on May 7, 2019, by and between the Company and KH, while the Company remains a public company.
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BOSTON, March 15, 2019 -- Block & Leviton LLP (www.blockesq.com), one of the nation’s leading securities litigation firms representing investors nationwide, is.
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.