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Tag Archives: Empire Resorts

US – Genting to invest a further $150m into Empire Resorts

Empire Resorts, the operator of New York’s Resorts World Catskills and Monticello Raceway, is to get another cash injection of $150m from its parent company Genting Malaysia to aid its long-term financing plan. Genting Malaysia has invested various amounts since August 2019, when it bought a 49 per cent interest in Empire with the total now…

US – Genting to push through deal to takeover Empire Resorts

Empire Resorts has announced a definitive agreement under which affiliates of Kien Huat Realty III Limited and Genting Malaysia Berhad 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. Empire owns and operates Resorts World Catskills…

US – Genting steps up interest in Empire resorts despite bankruptcy rumours

Genting Malaysia has said it hasn’t been put off from a potential takeover of Empire Resorts’ Resorts World Catskills, following reports it was on the brink of bankruptcy. News reports out of the States have suggested that Empire will file for bankruptcy if it can’t restructure lending agreements on over US$400m in debt. Genting Malaysia…

US – Empire Resorts and bet365 form sports betting alliance

Empire Resorts and bet365 have 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…

US – Resorts World Catskills opens with Asian edge

Resorts World Catskills flung open its doors last week ‘expecting to wow the Asian gaming market,’ according to Empire Resorts Executive Vice President, Charlie Degliomini. The Asian American population has increased from 11.9m in 2003 to 20.4m and is now the fastest growing ethnic group in the US, and is a key demographic for the…

US – Resorts World Catskills to open three weeks early

Resorts World Catskills has decided to open the doors of its luxury casino resort to the public for the first time on February 8, three weeks ahead of schedule. The opening comes several weeks ahead of the March 1 opening date under the terms of the casino license, issued by the New York State Gaming…

US – Empire expands executive team and provides opening update on Resorts World Catskills

Empire Resorts has announced that Jamie Sanko has been appointed the Chief Accounting Officer of Empire, and Kevin Kline has been appointed the Chief Operating Officer and General Manager of Resorts World Catskills. Mr. Sanko has nearly 20 years of accounting and finance experience. Most recently, he served as chief financial officer of by Genting…

US – Sullivan County casino to use Resorts World brand

The US$1.2bn Montreign Resort Casino, set for the Town of Thompson in Sullivan County, New York, is being rebranded to feature the Resorts World brand. The resort casino, which is designed to meet 5-star and 5-diamond standards, is expected to include an 18-story hotel, a casino floor exceeding 100,000 square feet, which will include a…

US – New York names three successful operators

New York’s Gaming Facility Location Board has awarded three casino licences rather than the four expected with Rush Street Gaming and the Galesi Group, Empire Resorts and Wilmorite all winning the right to develop resort casinos in the Catskills, near Albany and on the northern tip of the Finger Lakes. Big name operators such as…