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Press release: Below is a joint statement from Ryan Eller, President & CEO, Empire Resorts, and Edward Farrell, President, Genting Americas, regarding today’s …
Press release: Below is a joint statement from Ryan Eller, President & CEO, Empire Resorts, and Edward Farrell, President, Genting Americas, regarding today’s vote by Empire Resorts shareholders, which was made in favor of an agreement to sell the company to Kien Huat Realty and Genting Malaysia. The vote finalizes the consents needed to acquire Empire Resorts, which operates Resorts World Catskills. Empire Resorts is now on path to officially become a privately held company, and will cease to be listed on any public market. Under the agreement, Kien Huat Realty assumes a 51 percent stake in Empire Resorts, and Genting takes a 49 percent position.
“This marks a new chapter for Resorts World Catskills and is the first step toward fulfilling the promise and potential of New York’s most prized integrated casino resort destination. By leveraging Genting’s extensive market knowledge, coupled with unrivaled play, stay, and dine facilities, Resorts World Catskills is well-positioned to increase performance and generate significant revenue for the region and New York State.”