Empire Resorts Incorporated | World Casino News

Empire Resorts Incorporated refinancing troubles for Genting Malaysia Berhad

March 22, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, New York

Asian casino operator Genting Malaysia Berhad could reportedly be obliged to invest up to $140 million into its embattled Empire Resorts Incorporated subordinate come October should it have failed to refinance ...

Genting Malaysia Berhad bailout for Resorts World Catskills

Adam Morgan

September 14, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, New York

Minority shareholders in Asian casino operator Genting Malaysia Berhad are reportedly unlikely to be pleased with the company’s recent decision to pump another $150 million into its loss-making Empire Resorts I...

Genting Malaysia Berhad records a disappointing fourth quarter

Adam Morgan

February 28, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Taxation, Mergers, Acquisitions & Partnerships, Malaysia

Asian casino operator Genting Malaysia Berhad has reportedly released its unaudited financial results for the final three months of 2019 showing that its net profit had crashed by almost 60% year-on-year to abo...

Empire Resorts Incorporated shareholders endorse disposal deal

Adam Morgan

November 14, 2019

Casino Sales, Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, New York

In New York and shareholders for casino operator Empire Resorts Incorporated have reportedly approved a $128.6 million transaction that is to see the firm merged into giant Asian counterpart Genting Malaysia Be...

Genting Malaysia Berhad initiates Empire Resorts Incorporated purchase

Adam Morgan

November 5, 2019

Casino Sales, Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, New York

Asian casino operator, Genting Malaysia Berhad, has reportedly announced the start of the $128.6 million deal that is due to see it fully acquire smaller American counterpart Empire Resorts Incorporated. Acc...

Empire Resorts Incorporated offloading its remaining Resorts World Catskills stake

Adam Morgan

August 21, 2019

Casino Sales, Latest Casino and Gambling News, Horse Racing, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, New York

In upstate New York and casino operator, Empire Resorts Incorporated, has reportedly agreed to sell its remaining stake in the loss-making Resorts World Catskills property to Genting Malaysia Berhad via the Mal...

Resorts World Catskills parent considering voluntary bankruptcy move

Adam Morgan

August 19, 2019

Casino Sales, Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy, New York

In upstate New York and the firm behind the 332-room Resorts World Catskills has reportedly declared that it is considering the possibility of entering voluntary bankruptcy in order to head off creditors. Ac...

New York gaming regulator approves land-based sportsbetting rules

Adam Morgan

June 12, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Casino News, Online gambling regulation, Technology, Mobile gaming, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Licensing, New York

The New York State Gaming Commission unanimously approved rules and regulations on Monday that are to reportedly permit the eastern state’s eleven upstate commercial and tribal casinos to apply for licenses for...

Debt climbs for Empire Resorts Incorporated

Adam Morgan

August 15, 2018

Latest Casino and Gambling News, Casino News, Economy/Finance, New York

In upstate New York, the firm behind the recently-opened Resorts World Catskills integrated casino resort reportedly racked up debts of $58 million over the course of the five months to the end of June includin...

Resorts World Catskills posts disappointing May figures

Adam Morgan

June 13, 2018

Latest Casino and Gambling News, Casino News, Economy/Finance, New York

In New York, an executive for the firm behind Resorts World Catskills has reportedly stated that the future of the recently-opened integrated casino resort remains optimistic despite the release of figures show...

New York airport hoping to fly Asian gamblers to Resorts World Catskills

Adam Morgan

July 11, 2017

Latest Casino and Gambling News, Casino News, Casino project updates, New York

In upstate New York, Stewart International Airport near the town of Newburgh is reportedly in negotiations with an unnamed firm about the possibility of transforming the 1,552-acre facility into an aviation hub...

Bright future predicted for expanding New York casino industry

Adam Morgan

February 15, 2017

Latest Casino and Gambling News, Tribal Gaming, Casino News, Economy/Finance, Lottery, Horse Racing, New York

After amending its constitution in 2013 in order to permit the building of up to seven Las Vegas-style commercial casinos, the future for the gambling industry in New York looks bright with the sector reportedl...

Empire Resorts Incorporated completes financing for coming Montreign Resort Casino

Adam Morgan

January 25, 2017

Latest Casino and Gambling News, Casino project updates, Economy/Finance, New York

After starting construction on its Montreign Resort Casino in the summer, Empire Resorts Incorporated has closed on the final pieces of financing needed to complete the $1.2 billion development in upstate New Y...

Montreign Resort Casino to be a “game changer” for local jobs

Adam Morgan

January 3, 2017

Latest Casino and Gambling News, Casino project updates, Employment & Careers, New York

1

Although the Montreign Resort Casino isn’t scheduled to open until March of next year, operator Empire Resorts Incorporated has reportedly announced that jobs at the $1.2 billion upstate New York development ar...

Montreign Resort Casino to hold vendor outreach events Wednesday

Adam Morgan

December 5, 2016

Latest Casino and Gambling News, Casino project updates, Employment & Careers, New York

2

Ahead of its planned opening in March to four-star and four-diamond standards, the Montreign Resort Casino is set to host a pair of vendor outreach events for those potentially interested in providing the comin...