Profile: Empire Resorts Inc (NYNY.O)
17 Jan 2017
Empire Resorts, Inc., incorporated on March 19, 1993, is a holding company for various subsidiaries engaged in the hospitality and gaming industries. The Company, through Monticello Raceway Management, Inc. (MRMI), owns and operates Monticello Casino and Raceway, which is an approximately 40,000 square foot video gaming machine (VGM) and harness horseracing facility located in Monticello, New York, over 90 miles northwest of New York City. Monticello Casino and Raceway operates over 1,110 VGMs, which include approximately 1,070 video lottery terminals (VLTs) and over 40 electronic table game positions (ETGs). The MRMI operates ETGs of the games of blackjack and three-card poker.
Monticello Casino and Raceway
The Company's Monticello Casino and Raceway includes VGM Operations and Raceway Operations, among others. Its Monticello Casino and Raceway's features include year-round live harness horse racing; year-round simulcast pari-mutuel wagering on thoroughbred and harness horse racing from around the world; a 3,000-seat grandstand with retractable windows and a 100-seat clubhouse; parking spaces for over 2,000 cars and approximately 10 buses; a buffet and approximately two outlet food court with seating capacity for approximately 350 patrons; an approximately 3,800 square foot multi-functional space used for events; a casino bar and an additional clubhouse bar, and an entertainment lounge with seating for over 70 patrons. Its Raceway Operations include wagering at Monticello Casino and Raceway on live races run at Monticello Casino and Raceway; fees from wagering at out-of-state locations and internationally on races run at Monticello Casino and Raceway using export simulcasting; wagering at Monticello Casino and Raceway on races broadcast from out-of-state racetracks using import simulcasting, and program and certain other ancillary activities. It offers simulcast wagering from racetracks across the country, including Aqueduct, Belmont, Meadowlands Racetrack, Penn National Race Course, Turfway Park, Santa Anita Racetrack, Gulfstream Park and Saratoga Racecourse. In addition, races of national interest, such as the Kentucky Derby, Preakness Stakes and Breeders' Cup are also included in its regular simulcast programming. It also exports live broadcasts of its own races to race tracks, casinos and off-track betting facilities in the United States, Canada, Germany, Austria, Isle of Man, Mexico, South America and the United Kingdom.
Montreign Resort Casino
The Company, through its subsidiary, Montreign Operating Company, LLC, has a license to operate a resort casino, Montreign Resort Casino. As part of the resort casino, the Company is focused on including approximately 90,000 square foot casino floor featuring over 2,150 slot machines, over 100 table games and a 14-16 table poker room (inclusive of the poker room, and very important person (VIP) and high-limit areas); an approximately 20-story hotel tower containing over 330 luxury rooms (including approximately eight 1,000-1,200-square foot garden suites, over seven 1,800-square foot, over two story townhouse villas, and approximately 10 penthouse-level suites), indoor pools and fitness center; a VIP floor containing over five private VIP gaming salons, a private gaming cage and butler service; approximately 27,000 square feet of multi-purpose meeting and entertainment space with seating capacity for over 1,300 people and a mezzanine level, access to outdoor terraces and approximately 7,000 square feet of meeting room space; an approximately 7,500-square foot spa located on the VIP level, and over seven restaurants and approximately four bars.
The Company competes with Nassau Off-Track Betting Corporation, Suffolk Regional Off-Track Betting Corporation, Stadium Casino, LLC and Mount Airy Casino Resort.
Empire Resorts Inc
204 State Route 17b
PO Box 5013
MONTICELLO NY 12701-5193