Inactive Instrument

Empire Resorts, Inc.

US2920523055

Empire Resorts, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019

August 09, 2019 at 06:09 am EDT

Empire Resorts, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was USD 60.074 million compared to USD 49.624 million a year ago. Operating loss was USD 19.868 million compared to USD 22.225 million a year ago. Net loss was USD 36.090 million compared to USD 36.997 million a year ago. Basic loss per share from continuing operations was USD 1.05 compared to USD 1.13 a year ago. For the half year, total revenue was USD 117.688 million compared to USD 83.265 million a year ago. Operating loss was USD 38.498 million compared to USD 46.213 million a year ago. Net loss was USD 73.665 million compared to USD 63.230 million a year ago. Basic loss per share from continuing operations was USD 2.14 compared to USD 1.94 a year ago.

Latest news about Empire Resorts, Inc.

Empire Resorts, Inc. announced that it expects to receive $100 million in funding from Genting Malaysia Berhad	Jan. 09	CI
Empire Resorts, Inc. announced that it expects to receive $150 million in funding from Genting Malaysia Berhad	20-09-10	CI
Empire Resorts, Inc. announced that it expects to receive $40 million in funding from Genting Malaysia Berhad	20-03-18	CI
Empire Resorts, Inc. announced that it expects to receive MYR 174.8 million in funding from Genting Malaysia Berhad	20-03-17	CI
Ryan Eller to Step Down as Chief Executive Officer of Empire Resorts	19-12-16	CI
Empire Resorts, Inc.(NasdaqGM:NYNY) dropped from NASDAQ Composite Index	19-11-15	CI
Kien Huat Realty III Ltd. (‘Kien Huat’) and Genting Malaysia Berhad (‘Genting Malaysia‘) completed the acquisition of remaining 16.04% stake in Empire Resorts, Inc. (‘Empire’).	19-11-14	CI
Southeast Asia Stocks: Slip as China slowdown worsens, Indonesia leads fall	19-11-14	RE
Empire Resorts, Inc.(NasdaqGM:NYNY) dropped from S&P TMI Index	19-11-14	CI
Empire Resorts, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019	19-11-07	CI
Empire Resorts : Genting Malaysia buys stake in U.S.-listed Empire Resorts for about $129 million	19-11-05	RE
Genting Limited completed the acquisition of 38.36% stake in Empire Resorts, Inc. (‘Empire’) from Kien Huat Realty III Limited (‘Kien Huat’).	19-11-03	CI
Empire Resorts, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019	19-08-09	CI
Southeast Asia stocks: Most rise on signs of easing trade tensions; Philippines leads gains	19-08-07	RE
Genting Limited entered into a binding term sheet to acquire a 38.36% stake in Empire Resorts Inc. from Kien Huat Realty III Limited for approximately $130 million.	19-08-05	CI
Kien Huat Realty III Ltd. (‘Kien Huat’) and Genting Malaysia Berhad (‘Genting Malaysia‘) submitted a preliminary non-binding proposal to acquire remaining 16.04% stake in Empire Resorts, Inc. (‘Empire’) for $57.9 million.	19-08-05	CI
Empire Resorts, Inc. Announces Board and Committee Changes	19-07-17	CI
Empire Resorts, Inc. to Operate the New Video Lottery Terminal Facility in Orange County	19-06-24	CI
Empire Resorts Starts Strategic Review	19-06-24	CI
Empire Resorts, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2019	19-05-08	CI
Empire Resorts, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2018	19-03-15	CI
Empire Resorts, Inc. Announces Resignation of Charles Degliomini as Executive Vice President	18-11-21	CI
Empire Resorts, Inc and bet365 Group Limited Announces A Strategic Alliance to Develop A Physical and Online Sportsbook in New York State At Resorts World Catskills	18-11-14	CI
Empire Resorts, Inc. announced that it expects to receive $126 million in funding from Kien Huat Realty III Ltd.	18-11-04	CI
Empire Resorts, Inc. and Kien Huat Realty III Limited Enter into Loan Agreement	18-06-26	CI

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Company Profile

Empire Resorts, Inc. is a holding company for various subsidiaries engaged in the hospitality and gaming industries. Through its wholly owned subsidiary, Montreign Operating Company, LLC, the Company owns and operates Resorts World Catskills, a casino resort, which is located at the approximately1,700-acre site of a four-season destination resort in Sullivan County, New York, approximately 90 miles from New York City. Through its Monticello Raceway Management, Inc. (MRMI), the Company owns and operates Monticello Casino and Raceway, a 45,000 square foot video gaming machine (VGM) and harness horseracing facility located in Monticello, New York. The Company's Monticello Casino and Raceway includes VGM Operations and Raceway Operations. As of December 31, 2018, Monticello Casino and Raceway operated 1,090 VGMs, which included 1,070 video lottery terminals (VLTs) and 20 electronic table game positions (ETGs). ETGs include the games of roulette, blackjack and three-card poker.

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