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Empire Resorts Inc (NYNY.OQ)

NYNY.OQ on NASDAQ Stock Exchange Global Market

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Latest Key Developments (Source: Significant Developments)

Empire resorts says Co and Kien Huat Realty III enter into letter agreement
Wednesday, 8 Jun 2016 04:15pm EDT 

Empire Resorts Inc - : Co and Kien Huat Realty III Limited entered into a letter agreement . Letter agreement concerning additional financing needed to complete construction of Montreign resort casino . Kien Huat committed to provide company with up to $525 million of such financing, in form of debt and/or equity investment . Company agreed to use commercially reasonable efforts to obtain third party financing to complete casino project .Draw down on any financing provided pursuant to June 2016 Kien Huat commitment could occur no earlier than September 2016.  Full Article

Empire Resorts appoints Emanuel Pearlman as executive chairman of board
Monday, 6 Jun 2016 04:15pm EDT 

Empire Resorts Inc :Appointed Emanuel Pearlman as executive chairman of board.  Full Article

Empire Resorts announces commencement of rights offering
Monday, 5 Jan 2015 01:28pm EST 

Empire Resorts:Commences rights offering for approximate gross proceeds of $50,000,000.Entered into a standby purchase agreement with Kien Huat Realty III Limited (Kien Huat), the Company's stockholder.Whereby Kien Huat agreed to exercise in full its basic subscription rights within ten days of its grant with a closing proximate thereto.In addition, Kien Huat agreed it would exercise all rights not otherwise exercised by the other holders in the rights offering.Net proceeds will be used for expenses relating to company's pursuit of a gaming facility license.Pursuant to the recent selection of Montreign Operating Company, LLC, a wholly-owned subsidiary of the Company, by the New York State Gaming Facility Location Board to apply for a gaming facility license for a proposed destination gaming resort in Sullivan County, New York.If company is not awarded a gaming facility license, the remaining portion of the proceeds of the offering will be used in its on-going operations.  Full Article

BRIEF-Empire Resorts' unit enters loan agreement with Kien Huat

* Empire resorts inc - Units, Kien Huat Realty III Limited entered into a loan agreement - SEC filing

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