Key Developments: Empire Resorts Inc (NYNY.W)
1.94USD
12 Mar 2013
$-0.20 (-9.35%)
$2.14
$1.94
$1.94
$1.94
100
10
$2.23
$1.50
Latest Key Developments (Source: Significant Developments)
Empire Resorts Inc Announces Commencement Of Rights Offering
Empire Resorts Inc announced that it has commenced its previously announced $11.4 million rights offering. Under the terms of the rights offering, Empire will grant, at no charge to the holders of record of its common stock and Series B Preferred Stock on April 8, 2013, the record date for the rights offering, one non-transferable subscription right for each five shares of common stock owned, or into which the Series B Preferred Stock is convertible, as more fully described in the prospectus relating to the rights offering. Each subscription right will entitle the holder to purchase one share of common stock at a subscription price of $1.8901 per share. In addition, holders of subscription rights who fully exercise their basic subscription rights are entitled to oversubscribe for additional shares of common stock up to the number of shares purchased pursuant to the exercise of their basic subscription rights. Full Article
Empire Resorts, Inc. Announces Extension Of Exclusivity Agreement With Entertainment Properties Trust And MSEG LLC
Empire Resorts, Inc. announced the extension of the exclusivity agreement with Entertainment Properties Trust (EPR) and MSEG LLC for the joint development of the companies` respective properties located in Sullivan County, New York. Empire owns and operates Monticello Casino and Raceway and EPR is the sole owner of Concord EPT, comprising 1,500 acres located at the site of the former Concord Resort. The previously announced exclusivity agreement, as amended, commits the respective parties to work together exclusively for seven months to explore development opportunities of both properties through November 30, 2011. In light of the substantial progress made on the joint development plan to date, the parties have agreed to extend the term of exclusivity until December 21, 2011 to allow time to complete the definitive agreements. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
