Profile: Empire Resorts Inc (NYNY.O)
14 Dec 2017
Empire Resorts, Inc., incorporated on March 19, 1993, is a holding company for various subsidiaries engaged in the hospitality and gaming industries. As of December 31, 2016, the Company, through Monticello Raceway Management, Inc. (MRMI), owned and operated Monticello Casino and Raceway, a 45,000 square foot video gaming machine (VGM) and harness horseracing facility located in Monticello, New York, approximately 90 miles northwest of New York City. As of December 31, 2016, Monticello Casino and Raceway operated 1,110 VGMs, which included 1,070 video lottery terminals (VLTs) and 40 electronic table game positions (ETGs). ETGs include the games of roulette, blackjack and three-card poker.
Monticello Casino and Raceway
The Company's Monticello Casino and Raceway includes VGM Operations and Raceway Operations. As of December 31, 2016, its Monticello Casino and Raceway's features included 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 2,000 cars and 10 buses; an a la carte restaurant and a two-outlet food court with seating capacity for up to 100 patrons; a 1,386-square foot multi-functional space used for events; a 1,525-square foot simulcast room located directly adjacent to the gaming floor; a casino bar and an additional clubhouse bar, and an entertainment lounge with seating for 75 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. 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 and internationally.
Montreign Resort Casino
The Company, through its subsidiary, Montreign Operating Company, LLC, has a license to operate a resort casino (the Casino Project). As of December 31, 2016, the Casino Project is focused on including a 95,200 square foot casino floor featuring 2,150 slot machines and 130 table games, which will include Asian-themed games, and a 16-18 table poker room; designated very important person (VIP)/high-limit areas located within the main gaming floor, which will offer a minimum of 26 slot machines, eight table games, and a player's lounge offering food and beverage; an 18-story hotel tower containing 332 luxury rooms (including at least eight 1,000-1,200-square foot garden suites, seven 2,400-square foot two-story townhouse villas, and 12 penthouse-level suites), indoor pools and two fitness centers; a separate private gaming area containing six private VIP gaming salons, a 10-game pit, a private gaming cage, and butler service; 27,000 square feet of multi-purpose meeting and entertainment space with seating capacity for 2,000 people and a mezzanine level that includes access to outdoor terraces and approximately 7,000 square feet of meeting room space; a 7,500-square foot spa located on the VIP level, and eight restaurants and seven bars.
The Company competes with Mohegan Sun, The Mount Airy Casino Resort and Stadium Casino, LLC.
Empire Resorts Inc
204 State Route 17b
PO Box 5013
MONTICELLO NY 12701-5193