Empire Resorts, Inc. (NasdaqGM:NYNY) (“Empire” and, together
with its subsidiaries, the “Company”) announced today that Jamie M.
Sanko has been appointed the Chief Accounting Officer of Empire,
and Kevin D. 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 Americas, Inc. and was responsible for the financial
oversight of casino and resort properties located in New York,
including Resorts World Casino New York City, Miami, Bimini and Las
Vegas.
Mr. Kline has 25 years of experience in the gaming industry. He
has held roles at various casino properties with oversight of
casino marketing, operations oversight and development. Most
recently, Mr. Kline served as the senior vice president and general
manager of the Horseshoe Casino Cincinnati, overseeing the
development and operations of the $450 million casino in downtown
Cincinnati. Prior to that role, he served as the assistant general
manager for the Horseshoe Hammond Casino and vice president of
casino marketing for Harrah’s New Orleans and the Rio, Las
Vegas.
“With the upcoming opening of Resorts World Catskills, Empire is
expanding its first-class executive team,” said Ryan Eller,
President and Chief Executive Officer of Empire. “Jamie and Kevin
bring years of gaming experience to strengthen the deep bench of
leadership talent we already have in place, and will be key to the
success of our exciting new resort casino.”
The development of Resorts World Catskills continues to
progress. It is anticipated the opening of Resorts World Catskills
will occur in time to herald in the Lunar New Year, with
celebrations commencing in mid-February 2018.
“There is global anticipation for the opening of Resorts World
Catskills,” Eller said. “We are opening a resort casino that we
believe is different than the typical regional casino model. We aim
for this property to exceed expectations and deliver on our promise
to be the resort casino of choice.”
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
to be located at the site of a four-season destination resort being
developed in the Town of Thompson in Sullivan County, 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.
Resorts World Catskills will include an 18-story hotel, casino
and entertainment complex with approximately 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 over 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 over 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 and a Rees
Jones-redesigned golf course, both of which are being developed by
subsidiaries of Empire. In addition, the destination resort will
include an indoor waterpark lodge.
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, our ability to obtain regulatory approvals to open
the facility within the planned timeframe; 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; whether
we execute definitive agreements to join the Genting Rewards
customer loyalty alliance; and the Genting Group’s 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20171214005371/en/
Empire Resorts, Inc.Charles A. Degliomini, 845-807-0001Executive
Vice Presidentcdegliomini@empireresorts.com
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