| Market Capitalization (Millions $) |
894 |
| Shares
Outstanding (Millions) |
34 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
385 |
| Net Income (TTM) (Millions $) |
-147 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
77 |
Business Description
Empire Resorts Inc. is a United States-based company that primarily focuses on the hospitality and gaming industry. The company manages and owns resorts, hotels, and casinos in New York, United States. Empire Resorts was founded in 1993 and its headquarters is located in Monticello, New York.
The company's primary revenue generator is its Resorts World Catskills casino, which is a major attraction for tourists and visitors. The casino has over 2,150 slot machines, 150 live table games, and a poker room. It also offers luxury accommodation with 332 well-appointed rooms, upscale restaurants, bars, and retail stores. The property also offers a lavish 18-hole golf course, a spa, and a fitness center.
Empire Resorts has recently expanded its operations and offerings beyond its casino in Monticello. The company opened another casino, Resorts World New York City, located next to JFK International Airport. This casino features over 5,500 electronic gaming machines, a live-table casino, and food and drinks outlets.
Furthermore, Empire Resorts has developed a partnership with bet365, a leading sports betting company. The partnership allows bet365 to operate an online gambling platform, offering its users the opportunity to bet on sports events from anywhere within the state of New York.
In August 2019, Empire Resorts was acquired by Kien Huat Realty III and Genting Malaysia Berhad. The deal aims to expand the company's offerings and position itself as a significant player in the United States' gambling industry.
Overall, Empire Resorts has become a considerable player in the United States' hospitality and gaming industry. With the expansion of its offerings and the acquisition by Kien Huat Realty III and Genting Malaysia Berhad, it is poised to grow further in the coming years.
|
