Added to YB: 2019-08-07
Pitch date: 2019-08-07
NYNY [bullish]
Empire Resorts, Inc.
+2.96%
current return
Author Info
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Company Info
Empire Resorts, Inc. engages in hospitality and gaming businesses in New York. It owns and operates Monticello Casino and Raceway, a video gaming machine (VGM) and harness horseracing facility in Monticello that operates 1,110 VGMs, including 1,090 video lottery terminals and 20 electronic table game positions; Resorts World Catskills, a casino resort located in Sullivan County, New York; The Alder, a 101-room modern lifestyle hotel; and Amenities, a Casino with 332 guest rooms and suites.
Market Cap
$335.8M
Pitch Price
$9.47
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-2.35
EV/Sales
N/A
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Empire Resorts: Going Private Offer, Possible Bump?
NYNY: Genting's KT Lim offers $9.74/share for remaining 14% of Empire Resorts (Resorts World Catskills casino). Currently at $9.25 (5.3% spread). Potential for bump like previous controlled buyouts (TRK, VLTC) as resort just opened, NY sports betting coming, and opportunistic timing. Strange structure better under full Genting control.
Read full article (1 min)