Empire Resorts is a NASDAQ Global Market company. The Company's stock is traded under the ticker symbol "NYNY." Our subsidiary, Monticello Raceway Management, Inc., owns and operates the Monticello Casino & Raceway in Monticello, NY. The 230-acre property, located approximately 90 miles northwest of New York City, includes a gaming and entertainment complex that features over 1,000 slot machines, electronic table games and one of the nation's largest, all-weather harness horse racing tracks. The Casino features many of the same exciting slot machine names found in the casinos of Atlantic City and Las Vegas, and offers live entertainment and dining.
In August of 2009, the Company entered into an Investment Agreement with Kien Huat Realty III Limited ("Kien Huat") under which $55 million in new equity capital was invested in the Company by Kien Huat in two tranches in exchange for Common Stock, representing just under 50% of the voting power of the Company. Kien Huat affiliates previously financed the startup of the Foxwoods Resort & Casino in Connecticut and the Seneca Niagara Casino in New York.
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