Empire Resorts Inc (NYNY) News

What has happened to NYNY?

Who were Cappelli’s downfall they pushed him out. Also, Genting & Co were the funding and push behind Mohegan Sun and Foxwoods casinos. The guys got billions in $$$ cash and will push for a full blown resort casino like in MA and CT

News: $NYNY Empire Resorts to be Acquired by Kien Huat Realty III Limited and Genting Malaysia Berhad

MONTICELLO, N.Y. , Aug. 19, 2019 /PRNewswire/ -- Empire Resorts, Inc. (NasdaqGM: NYNY) ("Empire Resorts" or the "Company") today announced a definitive agreement under which affiliates of Kien Huat Realty III Limited (" Kien Huat ") and Genting Malaysia Berhad ("Genting Malaysia") wi...

Got this from Empire Resorts to be Acquired by Kien Huat Realty III Limited and Genting Malaysia Berhad

Now with Ken 111 wanting all the companies stock means he’s got an inside into putting in a real La Vegas casino

News: $NYNY Empire Resorts Announces Receipt of Letter from Controlling Stockholder

Empire Resorts, Inc. (NasdaqGM: NYNY) (the "Company"), today announced that the special committee of its board of directors (the "Board") has received a letter, dated July 25, 2019 (the "Letter"), from Kien Huat Realty III Limited (“KH”), its controlling stockholder. KH, which c...

Read the whole news Empire Resorts Announces Receipt of Letter from Controlling Stockholder

“Resorts World Catskills in Sullivan County is looking forward to the impact of sports betting after the New York State Gaming Commission voted on regulations this week.

The practice, deemed legal by the Supreme Court a year ago, was approved for four upstate casinos.

Now county officials are hoping that will translate into more business for the facility. It's been operating with large deficits, but Sullivan County Partnership President Marc Baez said he's expecting sports betting to change that.

"We're hoping it's going to attract more people to the casino, different people that might not otherwise come for this particular reason,” said Resorts World Catskills President Marc Baez. “And expose them to other assets of Sullivan County that we certainly want people to come and cherish and participate in."

Each casino will need to obtain a wagering license in order for sports betting to begin.

That is expected to happen later this summer”

https://www.baynews9.com/fl/tampa/business/2019/06/13/resorts-world-catkills-banking-on-sports-betting-to-improve-business

Because they didn't have Cappelli onboard. They got gready with Ken Lu and pushed him out. Back in 2008 it was full steam ahead with Cappeli and a 1 billion casnio resort with raceway. You should of seen the mountains of paper work and plans back then.

The casino in Monticello has been losing money like crazy. They just took a bunch of slots out of the casino. They are hoping the waterpark and golf course will help turn things around. Imo sports gambling is the only thing that can save this casino unfortunately. Imo they built the casino too high class and haven’t attracted the Asian tourists or NYC folks like they were hoping for.

down it goes,,,knew that was coming

hmm tricky

,,,,,......,,,,

correction ..climbing

still clinbing

,,,,,

Got to give credit , I guess they plan on making a lot of money... Maybe holding wordly poker tournaments...stock doubled; hmmm...going to follow the options on this...might hit 35 by next year or when ever they open; BUT I C a monster 'put'maybe like 6-8 pts down...Quickly ,,looking for 2019 though...

we shall c

this to me is such an anomoly

ah huh.

RENTON, N.J. — New Jersey voters have rejected an attempt to allow casinos at two locations in northern New Jersey, and in another Election Day ballot, agreed to require every penny of the state’s gas tax be dedicated to transportation funding.

Casino rejection

The defeat means casino gambling will remain legal only in Atlantic City, where voters approved it in 1976. The question cannot be placed on the ballot again for two years.

The defeat was expected after expansion backers ended a $10 million ad campaign believing that voters were opposed.

what is keeping this stock up
/

NYNY bullish 18.64



normal chart


log chart

NYNY bearish 16.2

Charles D. just sold 1000's of shares, what do insiders know that we don't?

Back down to 5 bucks,,, North Jersey...Getting 2 casino',! ballot vote; November...Empire dragging their feet! What else is new

looks that way

The fight doesn't seem to be over yet

Down goes frazier!

construction is always delayed.

Don't really know who will be selling, but a RS usually send the PPS down until there is great news and it looks like the real news will be in March.

Who is selling?... Insiders?

Oh that. Nothing until March really but great news anyway. PPS will slowly drift down until then with a few bouncing days.

New York Gaming Commission awards gaming facility license to Empire Resorts, Inc's Montreign Resort Casino

What happen besides the 1-5 RS?

Holy cow!!! Has everyone seen what's happening here ??

1/5 R/s == how does that help?

lol, good one

u mean ur not buying and holding

?

not worth my time or money...

this deal is 3 years away from any real events! too long for me.

I've been waiting 8 years so far

Because Cappelli is blocking it as he still has the rights. Last I heard they were ment to go 50/50 that's why he sold the land to them. He needed money but new in the future he work a deal . Not so as it all turns out

Sounds painful. 8^)

keep an eye out

I donhe't getit,i would think, o t

Yes, speaking about new retailers there when there is no gaming license yet. Glad I sold (mostly) out for (maybe) 2 years. This is a very s l o w operation...I need anesthesia, lol.

they hired a co to clear the lot...but still no gaming license!...........that's crazy, and ur looking @ 2 more years , minimum. Who wants to tie up money for 2-3 years? Man they r slow

ok, let me check it out

Yeah, what the heck does that news mean? (WBE?)

?