UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 10, 2014
EMPIRE RESORTS, INC.
(Exact name of registrant as specified in its charter)
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| Delaware |
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001-12522 |
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13-3714474 |
| (State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
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| c/o Monticello Casino and Raceway, State Route 17B,
P.O. Box 5013, Monticello, NY |
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12701 |
| (Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including area code: (845) 807-0001
Not Applicable
(Former
name or former address, if changed since last report)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 7.01. |
Regulation FD Disclosure. |
On September 9, 2014, Empire Resorts, Inc. (the
“Company”) presented to the New York State Gaming Facility Location Board (the “Location Board”) an overview of its project to develop a destination gaming resort to be located 90 miles from New York City, in the Town of Thompson
in Sullivan County (the “Casino Project”). The presentation was in support of the Company’s application for a gaming facility license for the Casino Project. The presentation is attached as Exhibit 99.1 hereto. In addition, a copy of
the Company’s press release relating to the presentation, dated September 10, 2014, is attached as Exhibit 99.2 hereto. You can see a recording of the Company’s presentation to the Location Board at
http://link.brightcove.com/services/player/bcpid3764941411001?bckey=AQ~~,AAACoBBYDYk~,vhHQ3PG5UUlbFBZZYbbJGM7Fo2gGYRLd&bctid=3777502215001.
This report 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 the Company’s plans, strategies, financial performance, prospects or future events and involve known and unknown risks that are difficult to predict. As a
result, the Company’s 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 the Company’s management team, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, levels of
spending in business and leisure segments as well as consumer confidence; the construction commencement date for the casino project; relationships with associates and labor unions and changes in labor law; the financial condition of, and the
Company’s relationships with, third-party property owners and hospitality venture partners; changes in the competitive environment in the Company’s industry and the markets where the Company operates; the timing of the receipt of
regulatory and governmental approvals for the Casino Project, including the issuance of a gaming facility license to the Company; changes in federal, state or local tax law; general volatility of the capital markets and the Company’s ability to
access the capital markets to secure necessary financing. A more complete description of these risks and uncertainties can be found in the reports and other documents filed with the U.S. Securities and Exchange Commission. The Company cautions
readers not to rely on these forward-looking statements. The Company undertakes no obligation to update 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.
| Item 9.01. |
Financial Statements and Exhibits. |
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| 99.1 |
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Presentation to the New York State Gaming Facility Location Board |
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| 99.2 |
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Press release, dated September 10, 2014, of the Company |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated: September 10, 2014
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| EMPIRE RESORTS, INC. |
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| By: |
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/s/ Joseph A. D’Amato |
| Name: |
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Joseph A. D’Amato |
| Title: |
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Chief Executive Officer |
Exhibit Index
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| 99.1 |
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Presentation to the New York State Gaming Facility Location Board |
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| 99.2 |
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Press release, dated September 10, 2014, of the Company |
EXHIBIT 99.1
ADELAAR
MONTREIGN
Ready Now
Nancy A. Palumbo
Director of Empire Resorts, Inc.
Independent consultant in areas of strategic marketing, corporate communications and business development
Before Empire Resorts, Inc.
Director of the New York Lottery from January 2004 to October 2006
Executive Deputy Commissioner for the Office of Parks Recreation and Historic Preservation for the State of New York
General Manager of Walker Digital Lottery
Emanuel R. Pearlman
Chairman of the Board of
Directors of Empire Resorts, Inc.
Chairman and Chief Executive Officer of Liberation Investment Group, LLC
Advisor and Member of the former Board of Directors of Fontainebleau Miami JV,LLC
A Catskills Destination.
Reborn.
Empire is the Only Existing
Casino Owner / Operator in the Catskills
Publicly
traded | NASDAQ
Russell 2000 &3000
Proven and Experienced Management Team
Major Partner ( EPR Properties )
To Develop
Adelaar
Fully Financed
We are Ready Now
A Winning Team
Emanuel R. Pearlman
Chairman of Board of Directors 4 years of experience at Empire
14 years of total gaming experience
Chairman of the Board and Chairman of Special Committee – Development & Expansion since 2010
Previous experience at Bally Entertainment; Multimedia Games; Fontainebleau Hotel;
Liberation Investments
Joseph a. D’ Amato
CEO and Director
5 years of experience at Empire
32 years of total gaming experience
Previous experience at Mount Airy Casino Resort; Seneca Gaming; Resort International; Trump Entertainment; Bally’s Park Place; Golden Nugget
Laurette J. Pitts COO, CFO and EVP
3 years of experience at Empire
22 years of total
gaming experience
Previous experience at American Racing and Entertainment; Mohegan Sun at Pocono Downs;
Caesars Entertainment; Mystic Lake Casino; Seneca Allegany
Nanette L. Horner
Chief Counsel, Chief Compliance Officer and EVP
4 years of experience at Empire
18 years of total
gaming experience
Previous experience at Pennsyvania Gaming Control Board; Rutgers University School OF
Law-Camden, Adjunt Professor of Law; Brown, Michael & Carroll
Charles A. Degliomini
EVP of Governmental Affairs and Corporate Communications
10 years of experience at Empire
13 years of total gaming experience
Previous
experience at eLottery; Atlantic Communications Director for the Reagan-Bush Administration; U.S. Senate Staff
$1 Billion Integrated Entertainment & lifestyle Complex
Montreign and Adelaar Will Be a Game Changer for Sullivan County
Reinvent. Revitalize. Reimagine. Ready Now.
MONTREIGN
A Destination Gaming Resort
80,000 SQUARE FEET OF GAMING EXCITEMENT
~ 61table games
2,150 state- of- the-art slot
machines
~ 2,620 gaming positions
Raine Center Bar and Spotlight Theatre
V.I.Me.
– The VIP Players’ Lounge
SPA & HOTEL
18 story tower
391 luxury rooms including 37 suites
4-star and
4-diamond standards
MEETING AND CONVENTION SPACE
~ 40,000 square feet
M Centre accommodates up to 1,300
Events range
from banquets to boxing
RESTAURANTS
Fine dining to grab-n-go
Capital Investment No
Competition Scenario
MONTREIGN MINIMUM CAPITAL INVESTMENT $450 Million
ADELAAR MINIMUM CAPITAL INVESTMENT $270 Million
MINIMUM CAPITAL INVESTMENT $720Million
A Project Dream Team
PROJECT TEAM
ROLE TEAM MEMBER YEARS ON PROJECT
ROLE TEAM MEMBER YEARS ON PROJECT
Casino
Owner & Operator 3.0 Resort Developer 3.0
Master Planner, Architect and Landscape Architect 2.5
Montreign Architect 2.5
Golf Course Designer 3.0 Environmental, Planning & Engineering Consultant 2.0
Public Relations 3.0 CAFO Consultant 1.5
Real Estate Counsel 3.0 SEC Counsel 3.0
Accountant 2.0 Local PR 2.5
Gaming,
Labor & IP Counsel 3.0 Land Use Counsel 3.0
Pay & Benefit Consultant 3.0 Gaming Consultant
2.5
Contractor 2.0 Finance Counsel 1.0
Consultant 0.5 Financial Advisor 1.0
Capital Investment No Competition Scenario
MONTREIGN MINIMUM CAPITAL INVESTMENT $450 Million
ADELAAR MINIMUM CAPITAL INVESTMENT $270 Million
MINIMUM CAPITAL INVESTMENT $720Million
New york state $1 Billion
SULLIVAN COUNTY $610
Million
The Gaming acility will gnerate up to $300 Million in new economic benefit within the State in 2019
REGION $882 Million
Revenue to the State
The Gaming Facility will
generate ~ $108 Million in total direct and indirect tax revenues for New York State and Sullivan County in 2017
Growing to -$142 Million in 2021
DIRECT TAX REVENUE INDIRECT TAX REVENUE
($ in
Million) ($ in Million)
$7.4 $8.1 $8.7 $8.9 $9.2 $97.5 $107.2 $115.0 $123.0 $128.7
$1.2 $1.3 $1.4 $1.5 $1.5 $1.9 $2.0 $2.1 $2.2 $2.2
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
New York State Sullivan County New York State Sullivan County
TOTAL TAX REVENUE 2017 2018 2019 2020 2021
$108 Million $119 Million $127 Million $136 Million $142 Million
Montreign Fully Financed
Fully committed
financing with a combination of equity to be obtained through a public rights offering and debt in the form of a senior secured credit facility provided by Credit Suisse
No Competition Scenario
MONTRIGN FINANCING
(1)
$150 Million of equity $478 Million of senior secured financing
EQUITY COMMITMENTS
Empire public rights offering of up to $150 Million Empire’s majority shareholder has agreed to purchase its pro rata shares in the rights offering Majority shareholder has agreed to
purchase any shares not purchased by other shareholders
DEBT COMMITMENTS
Credit Suisse has committed to raise $478 Million
$350 Million first lien senior secured term loan
$128 Million second lien senior secured term loan
(1)Excludes $25 Million of cash to be invested in Montreign through December 31, 2014
Ready Now SEQRA Amendements of Town Zoning Code New Comprehensive Development Plan Local Land Use Approvals(1) Final Site Plan and Minor Site Plan Amendment
Water and Waste Water (1) Approved contitioned upon receipt of other regulatory agency approvals
Montreign Capital Investment
IF a license for a
competing Gaming Facility is awarded elsewhere in the Region, Montreign will proceed with a project, however, the minimum capital investment would be greatly reduced
Gaming Facility Location Montreign’s Minimum Capital Investment Region 1
If no License is awarded for a Gaming Facility located in Duchess or Orange Counties (or elsewhere in the Region):
If a License is awar Facility located in Duchess or Northern Orange County (or elsewhere in the Region other than Southern Orange County):
If a License is awarded for a Gaming Facility locatedin Southern Orange County: $172 Million $277 Million $452 Million
David Brain Founder, President & CEO of EPR Properties
of EPR Properties Return on Insight
EPR Properties
NYSE: EPR
Founded: 1997
$5.0 Billion Total Market Cap
39 States,
D.C. & Canada
Investment Grade Rated
Invested in New York State for Over a Decade
Long Trem Ownership Oriented
Entertainment
Education Recreation
Total Investments
$4,000 $3,000 $2,000 $1,000 $0 1997 1999 2001 2003 2005 2007 2009 2011 2013 2014 projected
Megaplex Theatres/ERC’S Education Metro ski/Other
(in Millions)
10 Year Total Shareholder Return
EPR – 207%
ADELAAR
Overview
1,700 acres
Master Planned Community
Four seasons of indoor fun &
outdoor
adventure
Visitors anticipated
A Plan
That Meets Ready Now
The Vision
The waterpark Lodge
Over 150 acres of hilly
terrain
A 350-room family-style lodge
50 family-style suites
A 120,000 square foot
indoor/outdoor waterpark
A conference center
A banquet facility
Snow tubing and boarding zip lines and mountain coaster
Entertainment Village
Blumenfeld
Development Group
Co-Investor
Project Developer
Construction Manager
Property Manager
Features
Frank CineBowl Grille
Gotham Comedy Club
Catskills Marketplace
Bubby’s Restaurant
Kid’s Quest / Cyber Quest
New Horizons
Academy
Frank CineBowl Grille
Gotham Comedy Club
Catskills Marketplace
Bubby’s Restaurant
Kid’s Quest
Cyber Quest
Monster Golf Course and Culbhouse
Rees Jones
“The Open Doctor “ Golf Course Architect
“Even some of the most timeless golf course designs require remodeling or restoration to inject life into an existing layout”
The Legendary Roes Jones
LEGENDS of Sports GOLF CHALLENGE
Designing Complete Environments
Unpled Community
Design
Laurette J. Pitts
COO, CFO and EVP of Empire
Resorts, Inc.
Before Empire Resortd, Inc.
Regional Vice President of Finance and administration for American Racing and Entertainment , LLC
Chief Financial Officer for Mohegan Sun at Pocono Downs
World-Class Destination Resort
Hospitality
Lodging and conference center
Entertainment
Shopping, movies, bowling, comedy
Food and Beverage
Restaurants, bars, farmers markets
Sports & Leisure
Golf, tubing, snowboarding
Attrasctions
Waterpark, adventure park
Health & wellness
Spa, fitness, swimming
Catskills
Skiing, hiking, biking, hunting, fly fishing
Events
Festivals, Bethel Woods, Monticello Motor Club
Gaming
World-class gaming, dining & entertainment
Joseph A. D’Amato
CEO and Director of empire
Resorts, Inc.
Before Empire Resorts, Inc.
Chief Executive Officer of Mount Airy Casino Resort in Pennsylvania, and Chief Operating Officer and chief Financial
Officer of the Seneca Gaming Corporation in Western New York
Former executive with the Resorts International,
Trump Entertainment, Bally’s Park Place and Golden Nugget organizations
The Experience
A Full Range of Dining Options
A Full Range of Entertainment Options
Spa. Salon. Pool. Fitness Center.
Independent Gaming Market Analysis by Global Gaming & Hospitality
Global Gaming & Hospitality
Respected
and proven Gaming Consultant
Total Gross Gaming Revenue
$271 Million Year One
$359 Million Year Ten
Total Revenue
$319 Million Year One
$422 Million Year Ten
Gaming Revenues expected to
be recaptured from New York residents:
$54 Million Annually
Gross Total Revenues from out-of-state visitors:
$120 Milion Growing to $151 Million Over 5 Years
PAYS
MONTREIGN
ME. ME.
Laurette J. Pitts
COO, CFO and EVP of Empire
Resorts, Inc.
Before Empire Resortd, Inc.
Regional Vice President of Finance and administration for American Racing and Entertainment , LLC
Chief Financial Officer for Mohegan Sun at Pocono Downs
Construction Economic Impact
UNION WORK
CONSTRUCTION HOURS 2.6 Million NUMBER OF JOBS 3029
DIRECT EMPLOYEE COMPENSATION $177 Million DIRECT ECONOMIC
OUTPUT $594 Million
Committed ot use women, minorities and veteran during construction
Goal of 20% combined local, minority, woman, persons with disablilities and veteran workforce participation
Currently, Empire purchases 64% of goods and services from New York state vendors and plans to continue this trend
MWVCE Contractor Outreach Event
Workforce Promote the Development of a skilled and diverse work force:
Provide access to promotion opportunities
Create
opportunites for citixen of Sullivan County
Outreach to local unemployed and under-employed residents
Workforce training and development
Tuition Reimbursement
On-Site Daycare
Employee Assistance Program
Gaming Facility job Creation
FULL & PART
TIME JOBS UP TO 2,400 ESTIMATED
UP TO $76 Million UP TO $340 Million
Direct Employment from Operations
Direct Employment Compensation from Annual Operations Direct Economic Output from Annual Operations
Committed to a diverse workforce
Goal of 30%
combined minority, woman, persons with disablilities and veteran workforce participation
Nanette L. Horner
Chief of the Company’s
Responsible Gaming Committee
Member of the Board of Directors of the National Council on Problem Gambling and
chair of the NCPG’s Membership Committee
Before Empire Resorts, inc.
Pennsylvania Gaming Control Board – Office of Chief Counsel assigned to the Bureau of Licensing
Pennsylvania Gaming Control Board’s first Director of the Office of Compulsive and Problem Gambling
Responsible Gaming
Compulsive and Problem
Gambling Plan:
Employee training – developed by the New York Council on Problem Gambling
TIPs training for responsible alcohol service
On-site information and printed materials
Signage
HOPELine
Charles A. Degliomini
EVP of Governmental
Affairs & Corporate Communications of Empire Resorts, Inc.
Director of the New York Gaming
Association, and is on the Board of the Hudson Valley Economic Development Corporation
Project Labor & Labor Peace Agreements
Project Labor and Labor Peace Agreements with Local Unions affiliated with the Hudson Valley Building and Construction
Trades Council
Labor Peace Agreement with the New York Hotel & Motel Trades Council
Partnerships Monticello Motor Club
North America’s Premier Automotive Resort
Partnerships Impacted Live Entertainment Venues
Upstate Theaters for a Fair Game: coalition that represents live entertainment venues in the State of New York
Bethel Woods Center for the Arts
Bardavon 1869 Opera House
Bethel Woods Center for the Arts
Historic Bardavon 1869 Opera House
A catskills Destination. Reborn. Ready Now
Exhibit 99.2
EMPIRE RESORTS AND EPR PROPERTIES SHOWCASE $1 BILLION
ENTERTAINMENT LIFESTYLE COMPLEX TO THE NEW YORK GAMING
FACILITY LOCATION BOARD
September 10, 2014
MONTICELLO, N.Y — Empire
Resorts, Inc. (NASDAQ-GM:NYNY) (together with its subsidiaries, “Empire”), through a wholly-owned subsidiary, Montreign Operating Company, LLC, in conjunction with its co-developer, EPR Properties (“EPR”) (NYSE:EPR) today
presented their $1 billion entertainment project to the New York Gaming Facility Location Board (“Location Board”), including plans for a resort casino located 90 miles from New York City in the Town of Thompson, Sullivan County.
The Montreign Resort Casino will be located on the site of Adelaar, a four-season destination resort to be developed by EPR. Montreign is a planned 18-story
casino, hotel and entertainment complex featuring an 80,000 sq. ft. casino (with 61 table games and 2,150 state-of-the-art slot machines), 391 luxury rooms designed to meet the 4-star and 4-diamond standards of Forbes® and AAA®, multiple dining and entertainment options, meeting and conference space and other resort amenities. Montreign Resort Casino,
from an architectural, design and use-of-materials perspective, was designed to blend naturally with the pristine and beautiful environment of the Catskills.
Empire directors and officers, along with EPR’s President and CEO, gave a detailed 45-minute presentation to the Location Board in Albany yesterday
afternoon featuring renderings, economic impact statements and videos. The multi-media presentation can be found at www.montreign.com.
Emanuel
Pearlman, Empire’s Chairman of the Board stated, “We were very pleased to have had the opportunity to present our integrated entertainment and lifestyle complex to the Location Board. We presented a compelling case as to why we are the
best choice to drive tourism back to the Catskills by offering something much more than a conventional casino. Adelaar, which is anchored by the Montreign Resort Casino, creates the synergy required for a twelve-month, four-season economic engine
that will drive visitation to the Catskills from out-of-state, downstate and beyond.”
EPR President and CEO David Brain stated, “Today was the
culmination of years of planning and working closely with all stakeholders to reimagine the Catskills as a world-class resort destination for gaming and entertainment. What our team presented is a project that is ready to begin almost immediately,
has no financing contingency and is expected to create thousands of jobs generating millions of dollars in tax revenue for Sullivan County and New York State in the process.”
The Montreign Resort Casino is part of the larger Adelaar resort, a $1 billion four-season destination resort developed by an Empire subsidiary and EPR.
Beautifully situated in the pristine Catskills, Adelaar is poised to become one of the most comprehensive destination gaming resorts in the northeastern United States, and will feature a variety of world-class leisure
and recreational options, including an Indoor Waterpark Lodge and adventure park, a Rees Jones-redesigned “Monster” Golf Course, restaurants and world-class shopping and entertainment.
Located 90 minutes from New York City, Adelaar is expected to create more than 5,000 construction and permanent jobs in an area with one of highest unemployment rates in the state.
Because of the early and comprehensive planning of Adelaar, and the diligent pursuit of needed approvals, the Company is able to commence construction of
Montreign upon award of a gaming license without delay. Many permits and approvals are already secured for Adelaar, generally, and for Montreign, specifically, and additional permits and approvals are being actively processed.
As part of the reimagined Catskills, Empire has entered into an exclusive agreement with Monticello Motor Club (“MMC”), North America’s Premier
Private Racetrack and Country Club, making Montreign the only casino on the East Coast that would offer guests the experience of driving high-performance vehicles on MMC’s private 4.1-mile track.
In addition, Empire has teamed up with award-winning chef, author and TV personality Scott Conant to open his newest restaurant, Bistecca by Scott
Conant, at Montreign. The Italian steakhouse will be a fine dining destination featuring a menu comprised of prime and Angus cut meats, fresh seafood, poultry and classic Italian dishes. The global wine list will be robust to accompany the menu,
and will feature wines from New York, California, France, Italy, Chile and Argentina, among others.
Joining Empire and EPR at the presentation was
renowned golf course architect “The Open Doctor” Rees Jones and award-winning Chef Scott Conant.
About Empire Resorts
Empire Resorts, Inc. owns and operates, through its subsidiary Monticello Raceway Management, Inc., the Monticello Casino and Raceway, a
harness racing track and casino in Monticello, N.Y., and is 90 miles from midtown Manhattan. For additional information, please visit www.empireresorts.com.
Upon the awarding of a casino license from the New York State Gaming Commission, Empire will begin construction on Montreign – an 18-story
casino, hotel and entertainment complex with 61 table games, 2,150 state of the art slot machines and 391 luxury rooms designed to meet 4-star and 4-diamond standards. For additional information, please visit www.montreign.com.
About EPR Properties
EPR Properties is a
specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $3.8
billion and our primary investment segments are Entertainment, Recreation and Education. We adhere to rigorous underwriting and investing criteria centered on key industry and property level cash flow standards. We believe our focused niche
approach provides a competitive advantage, and the
potential for higher growth and better yields. Further information is available at www.eprkc.com. Renderings, tenant information and other details about Adelaar can be found
at www.AdelaarNY.com.
# # #
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 Empire, EPR and our respective management teams, are inherently uncertain.
Factors that may cause actual results to differ materially from current expectations include, among others, levels of spending in business and leisure segments as well as consumer confidence; plans for signing and closing on definitive transaction
documents; the construction commencement date for Montreign Resort Casino; relationships with associates and labor unions and changes in labor law; the financial condition of, and our relationships with, third-party property owners and hospitality
venture partners; changes in the competitive environment in our industry and the markets where we operate; the timing of the receipt of regulatory and governmental approvals for the development project, including the issuance of a gaming facility
license to Empire; changes in federal, state or local tax law; general volatility of the capital markets and our ability to access the capital markets to consummate the necessary financing. A more complete description of these risks and
uncertainties can be found in our filings with the U.S. Securities and Exchange Commission. 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.
Contact:
Charles Degliomini
Empire Resorts, Inc.
845-807-0001
cdegliomini@empireresorts.com
Brian Moriarty
Entertainment Properties Trust
888-EPR-REIT
brianm@eprkc.com
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