Empire Resorts/MRMI Signs a Labor Peace Agreement with the New York Hotel and Motel Trades Council
August 29 2012 - 8:00AM
Business Wire
Empire Resorts, Inc.’s (“Empire”) (NASDAQ-GM: NYNY) wholly owned
subsidiary, Monticello Raceway Management, Inc. (“MRMI”), and the
New York Hotel and Motel Trades Council (“NYHMTC”), the union that
represents approximately 100 workers at the Monticello Casino and
Raceway, today announced a Labor Peace Agreement (“LPA”) for MRMI’s
proposed racetrack, casino and hotel at the site of the former
Concord Resort. The parties also announced a new five year
Collective Bargaining Agreement (“CBA”) for NYHMTC members employed
by MRMI, which includes annual salary increases, sets wages for new
hires and addresses employee contributions toward health
benefits.
“These agreements are great for existing workers and the entire
community,” said Peter Ward, President of NYHMTC. “Empire is not
only a strong union partner, but a strong community partner,
committed to creating good jobs in a region that desperately needs
them. We look forward to supporting them as they seek to create
even more good union jobs at the new facility.”
Empire’s CEO Joseph D’Amato said, “We look forward to continuing
our good working relationship with strong partners like Peter Ward
and the NYHMTC at our current facility. We are simultaneously
moving forward with our development plans at the site of the former
Concord Resort. In conjunction with Entertainment Properties Trust
(NYSE: EPR), this planned family and entertainment destination will
create transformative job opportunities for residents of Sullivan
County and the Catskills region.”
Empire/MRMI and Entertainment Properties Trust have presented a
comprehensive master development plan for 1,500 acres at the site
of the former Concord Resort, conceived by the industry-leading
architect and master planning firm Hart Howerton. Bringing new
energy to a region with rich history, the planned destination
resort is expected to include a casino, hotel and harness racetrack
(designed by JCJ Architecture, a nationally recognized casino
architectural firm), specialty lodging, and championship golf
experience, complimented by retail, dining, entertainment and
recreational uses, and new residential communities.
The proposed master plan represents a new way of thinking about
resort development in the Catskills. The plan envisions a
multi-faceted destination resort which will become a catalyst for
investment in the region. A place to find adventure or relaxation,
it will offer family-centered attractions and amenities surrounded
by the natural beauty of the Catskills.
Empire’s Chairman of the Board Emanuel Pearlman concluded,
“These agreements with the NYHMTC mark an important milestone as we
focus on the future. We are mindful that our project’s progress
represents a significant prospect of hundreds of
desperately-needed, well-paying jobs with benefits for Sullivan
County and the Catskills.”
About the New York Hotel and Motel Trades Council
The New York Hotel and Motel Trades Council is the union of
hotel, hospitality and gaming workers in New York. NYHTC represents
over 30,000 non-managerial employees working in all hotel
departments in over 300 Hotels across New York and New Jersey.
About Empire
Empire Resorts, Inc. owns and operates, through its subsidiary
Monticello Raceway Management, Inc., the Monticello Casino and
Raceway, a harness racing track and casino located in Monticello,
New York, and is 90 miles from midtown Manhattan. For additional
information, please visit http://www.empireresorts.com.
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