Montreign Resort Casino Awards First Major Bid Package
June 25 2015 - 1:15PM
Business Wire
NYS Certified-WBE Firm Cerrone, Inc. and
Sullivan County’s Gary Myers Excavation to Perform Work
Empire Resorts, Inc. (NASDAQ-GM: NYNY) (“Empire”) announced that
its wholly-owned subsidiary, Montreign Operating Company, LLC
(“Montreign”), awarded a mass excavation bid package to Cerrone,
Inc., a New York State-certified woman-owned business enterprise
(“WBE”). This is the first major contract award and will jump start
work on the project that is scheduled to open two years after a
gaming facility license is granted by the New York State Gaming
Commission.
The mass excavation package involves significant preparation
work such as clearing the site, topsoil removal, grading and
leveling. This is a precursor to constructing the resort casino’s
site access roads and building foundations. Cerrone will utilize
Gary Myers Excavation Inc., a Sullivan County local business
located in Swan Lake, as a subcontractor for the project.
“Montreign Resort Casino is proud to award its first major bid
package to a New York State-certified woman-owned business
enterprise,” said Empire Resort’s CEO Joseph D’Amato. “We are
looking forward to awarding more bid packages in the near future as
this project continues to progress. We have made extensive
community outreach efforts to attract minority, woman and
service-disabled veteran-owned businesses and local businesses as
part of the bidding process.”
The Montreign Resort Casino is viewed as a major economic
catalyst for Sullivan County and the Mid-Hudson Region, with
numerous local contractors, vendors and suppliers expected to be
part of the project. Montreign is implementing its plans to ensure
that minority, woman and service-disabled veteran-owned and local
businesses and workforce take part in the work.
“Montreign has clear business diversification goals for this
project and we are taking steps to ensure that MWVBEs and
service-disabled veteran firms are aware of bidding opportunities
during construction,” said Frank Ciminelli, Senior Executive Vice
President for LPCiminelli, the project’s construction manager. “The
fact that the first major contract award went to a WBE firm should
send a strong signal that Montreign is committed to business
diversity and ensuring all segments of the business community
benefit from this tremendous project.”
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 gaming facility 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.
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 and its 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; 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 Montreign Resort Casino, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150625006115/en/
For Montreign Operating Company LLCCharles Degliomini,
845-807-0001cdegliomini@empireresorts.com
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