Empire Resorts (NYNY) 6.33 $NYNY
Empire Resorts Announces Closing of Rights Offering and Backstop Purchase
Business Wire - Mon Feb 09, 7:01AM CST
Empire Resorts, Inc. (NASDAQ-GM:NYNY) announced its rights offering (the "Rights Offering"
and standby purchase of shares not sold in the Rights Offering, which generated approximately $50 million in gross proceeds for the Company closed on Friday, February 6, 2015. The Company issued a total of 7,042,254 shares of common stock at $7.10 per share. This includes 53,291 shares issued to holders upon exercise of their basic subscription rights and 4,321,798 shares issued to Kien Huat Realty III Limited ("Kien Huat" , our largest stockholder, upon exercise of its basic subscription rights. Kien Huat also acquired the remaining 2,667,165 shares not sold in the Rights Offering pursuant to the terms of a standby purchase agreement. The Company paid Kien Huat a fee of $250,000 for its commitment pursuant to the standby purchase agreement and reimbursed Kien Huat for its expenses related to the standby purchase agreement in an amount of $40,000. After giving effect to the Rights Offering, Kien Huat will own approximately 67% of the outstanding shares of the Company's common stock.
NYNY: 6.33 (+0.06)
Empire Resorts' Rights Offering Expires on Its Terms
Business Wire - Tue Feb 03, 7:59AM CST
Empire Resorts, Inc. (NASDAQ-GM:NYNY) announced that the Company's rights offering launched on January 5, 2015 expired pursuant to its terms at 5:00 p.m., New York City time, on February 2, 2015. In accordance with a standby purchase agreement executed by the Company and Kien Huat Realty III Limited ("Kien Huat" , the Company's largest stockholder, in relation to the rights offering, Kien Huat has agreed to exercise all rights not otherwise exercised by the other holders in the rights offering in an aggregate amount not to exceed $50 million. The Company will pay Kien Huat a commitment fee of $250,000 pursuant to the standby purchase agreement. In addition, the Company will reimburse Kien Huat for its expenses related to the standby purchase agreement in an amount not to exceed $40,000. The consummation of the transactions contemplated by the standby purchase agreement is anticipated to occur on or before February 9, 2015, subject to customary closing conditions.
NYNY: 6.33 (+0.06)
Weak report on Las Vegas revenue trips up gaming sector
Seeking Alpha - at Seeking Alpha - Fri Jan 30, 10:19AM CST
CACQ: 7.72 (+0.12), ISLE: 10.09 (-0.24), PNK: 25.64 (-0.35), UWN: 1.24 (-0.01), CHDN: 97.35 (+0.89), MCRI: 17.44 (+0.05), WYNN: 159.34 (+4.62), MGM: 21.46 (+0.22), CNTY: 6.04 (+0.01), NYNY: 6.33 (+0.06), CZR: 10.78 (+0.18)
Caesars Entertainment and 10 Other Casino Stocks to Avoid in 2015
at The Street - Wed Jan 21, 7:33AM CST
Are all casino and gaming stocks poor investments? Believe it or not, there are some that are worse than others.
ISLE: 10.09 (-0.24), FLL: 1.47 (-0.03), PENN: 16.62 (-0.21), SGMS: 14.15 (+0.36), LACO: 8.38 (+0.17), DDE: 1.03 (-0.03), IKGH: 1.13 (+0.01), EGT: 0.44 (-0.04), NYNY: 6.33 (+0.06), CZR: 10.78 (+0.18), WBAI: 17.36 (-0.30)
Nasdaq stocks posting largest percentage increases
AP - Fri Jan 16, 5:20PM CST
NEW YORK (AP) — A look at the 10 biggest percentage gainers on Nasdaq at the close of trading:
FLML: 14.15 (+0.15), EOPN: 8.55 (-0.01), DEPO: 18.38 (+0.20), NYNY: 6.33 (+0.06), CRRC: 22.96 (+0.22), AREX: 8.15 (+0.27)
Empire Resorts discloses subscription rights transaction
Seeking Alpha - at Seeking Alpha - Fri Jan 16, 7:20AM CST
NYNY: 6.33 (+0.06)
Empire Resorts' Largest Stockholder Exercises Basic Subscription Rights in Rights Offering
Business Wire - Fri Jan 16, 7:00AM CST
Empire Resorts, Inc. (NASDAQ-GM:NYNY) announced that Kien Huat Realty III Limited ("Kien Huat" , the Company's largest stockholder, exercised the basic subscription rights it was granted in the Company's ongoing rights offering on Thursday, January 15, 2015 at $7.10 per share. Such exercise generated approximately $30.68 million of gross proceeds to the Company.
NYNY: 6.33 (+0.06)
Casino race back on for southern part of New York
Seeking Alpha - at Seeking Alpha - Fri Jan 09, 1:02PM CST
BYD: 14.36 (-0.23), CZR: 10.78 (+0.18), NYNY: 6.33 (+0.06)
A Refreshing Outlook: New Research on eLong, Empire, ENGlobal, Expedia, and Exponent
PR Newswire - Thu Jan 08, 6:50AM CST
Moments ago, Analysts Review released new research updates concerning several important developing situations including eLong (NASDAQ: LONG), Empire (NASDAQ: NYNY), ENGlobal (NASDAQ: ENG), Expedia (NASDAQ: EXPE), and Exponent (NASDAQ: EXPO). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
EXPO: 88.39 (-0.06), EXPE: 89.49 (-0.08), LONG: 16.14 (-0.01), NYNY: 6.33 (+0.06), ENG: 1.85 (-0.06)
Empire Resorts begins right offering of about USD50m gross proceeds
M2 - Tue Jan 06, 6:46AM CST
Empire Resorts Inc (NASDAQ-GM:NYNY) began a rights offering for about gross proceeds of USD50m, it said today.
NYNY: 6.33 (+0.06)
Empire Resorts announces rights offering
Seeking Alpha - at Seeking Alpha - Mon Jan 05, 1:26PM CST
NYNY: 6.33 (+0.06)
Empire Resorts Announces Commencement of Rights Offering
Business Wire - Mon Jan 05, 12:28PM CST
Empire Resorts, Inc. (NASDAQ-GM:NYNY) ("Empire" or the "Company" today announced that it has commenced a rights offering for approximate gross proceeds of $50,000,000. Empire has granted, at no charge to the holders of record of its common stock and Series B Preferred Stock on January 2, 2015, the record date for the rights offering, one non-transferable subscription right for each 5.6 shares of common stock owned, or into which the Series B Preferred Stock is convertible, as more fully described in the prospectus supplement relating to the rights offering. Each subscription right entitles the holder to purchase one share of common stock at a subscription price of $7.10 per share. In addition, holders of subscription rights who fully exercise their basic subscription rights are entitled to oversubscribe for additional shares of common stock up to the number of shares purchased pursuant to the exercise of their basic subscription rights.
NYNY: 6.33 (+0.06)
Atlantic City and new Catskills casino to compete for NYC gamblers
Seeking Alpha - at Seeking Alpha - Wed Dec 31, 11:56AM CST
BYD: 14.36 (-0.23), MGM: 21.46 (+0.22), CZR: 10.78 (+0.18), NYNY: 6.33 (+0.06)
19.9% Return Seen to Date on SmarTrend Empire Resorts Call (NYNY)
Comtex SmarTrend(R) - Wed Dec 31, 11:21AM CST
SmarTrend identified an Uptrend for Empire Resorts (NASDAQ:NYNY) on September 17th, 2014 at $6.58. In approximately 4 months, Empire Resorts has returned 19.91% as of today's recent price of $7.89.
NYNY: 6.33 (+0.06)
Will The Big New Moves Send Ripples Or A Tsunami Through The Northeast Gaming Scene?
Howard Jay Klein - at Seeking Alpha - Wed Dec 31, 8:42AM CST
PENN: 16.62 (-0.21), WYNN: 159.34 (+4.62), LVS: 60.43 (+1.71), MGM: 21.46 (+0.22), CZR: 10.78 (+0.18), NYNY: 6.33 (+0.06)
Empire Resorts Announces Closing of Rights Offering and Backstop Purchase
Business Wire - Mon Feb 09, 7:01AM CST
Empire Resorts, Inc. (NASDAQ-GM:NYNY) announced its rights offering (the "Rights Offering"
and standby purchase of shares not sold in the Rights Offering, which generated approximately $50 million in gross proceeds for the Company closed on Friday, February 6, 2015. The Company issued a total of 7,042,254 shares of common stock at $7.10 per share. This includes 53,291 shares issued to holders upon exercise of their basic subscription rights and 4,321,798 shares issued to Kien Huat Realty III Limited ("Kien Huat" , our largest stockholder, upon exercise of its basic subscription rights. Kien Huat also acquired the remaining 2,667,165 shares not sold in the Rights Offering pursuant to the terms of a standby purchase agreement. The Company paid Kien Huat a fee of $250,000 for its commitment pursuant to the standby purchase agreement and reimbursed Kien Huat for its expenses related to the standby purchase agreement in an amount of $40,000. After giving effect to the Rights Offering, Kien Huat will own approximately 67% of the outstanding shares of the Company's common stock. NYNY: 6.33 (+0.06)
Empire Resorts' Rights Offering Expires on Its Terms
Business Wire - Tue Feb 03, 7:59AM CST
Empire Resorts, Inc. (NASDAQ-GM:NYNY) announced that the Company's rights offering launched on January 5, 2015 expired pursuant to its terms at 5:00 p.m., New York City time, on February 2, 2015. In accordance with a standby purchase agreement executed by the Company and Kien Huat Realty III Limited ("Kien Huat"
, the Company's largest stockholder, in relation to the rights offering, Kien Huat has agreed to exercise all rights not otherwise exercised by the other holders in the rights offering in an aggregate amount not to exceed $50 million. The Company will pay Kien Huat a commitment fee of $250,000 pursuant to the standby purchase agreement. In addition, the Company will reimburse Kien Huat for its expenses related to the standby purchase agreement in an amount not to exceed $40,000. The consummation of the transactions contemplated by the standby purchase agreement is anticipated to occur on or before February 9, 2015, subject to customary closing conditions. NYNY: 6.33 (+0.06)
Weak report on Las Vegas revenue trips up gaming sector
Seeking Alpha - at Seeking Alpha - Fri Jan 30, 10:19AM CST
CACQ: 7.72 (+0.12), ISLE: 10.09 (-0.24), PNK: 25.64 (-0.35), UWN: 1.24 (-0.01), CHDN: 97.35 (+0.89), MCRI: 17.44 (+0.05), WYNN: 159.34 (+4.62), MGM: 21.46 (+0.22), CNTY: 6.04 (+0.01), NYNY: 6.33 (+0.06), CZR: 10.78 (+0.18)
Caesars Entertainment and 10 Other Casino Stocks to Avoid in 2015
at The Street - Wed Jan 21, 7:33AM CST
Are all casino and gaming stocks poor investments? Believe it or not, there are some that are worse than others.
ISLE: 10.09 (-0.24), FLL: 1.47 (-0.03), PENN: 16.62 (-0.21), SGMS: 14.15 (+0.36), LACO: 8.38 (+0.17), DDE: 1.03 (-0.03), IKGH: 1.13 (+0.01), EGT: 0.44 (-0.04), NYNY: 6.33 (+0.06), CZR: 10.78 (+0.18), WBAI: 17.36 (-0.30)
Nasdaq stocks posting largest percentage increases
AP - Fri Jan 16, 5:20PM CST
NEW YORK (AP) — A look at the 10 biggest percentage gainers on Nasdaq at the close of trading:
FLML: 14.15 (+0.15), EOPN: 8.55 (-0.01), DEPO: 18.38 (+0.20), NYNY: 6.33 (+0.06), CRRC: 22.96 (+0.22), AREX: 8.15 (+0.27)
Empire Resorts discloses subscription rights transaction
Seeking Alpha - at Seeking Alpha - Fri Jan 16, 7:20AM CST
NYNY: 6.33 (+0.06)
Empire Resorts' Largest Stockholder Exercises Basic Subscription Rights in Rights Offering
Business Wire - Fri Jan 16, 7:00AM CST
Empire Resorts, Inc. (NASDAQ-GM:NYNY) announced that Kien Huat Realty III Limited ("Kien Huat"
, the Company's largest stockholder, exercised the basic subscription rights it was granted in the Company's ongoing rights offering on Thursday, January 15, 2015 at $7.10 per share. Such exercise generated approximately $30.68 million of gross proceeds to the Company. NYNY: 6.33 (+0.06)
Casino race back on for southern part of New York
Seeking Alpha - at Seeking Alpha - Fri Jan 09, 1:02PM CST
BYD: 14.36 (-0.23), CZR: 10.78 (+0.18), NYNY: 6.33 (+0.06)
A Refreshing Outlook: New Research on eLong, Empire, ENGlobal, Expedia, and Exponent
PR Newswire - Thu Jan 08, 6:50AM CST
Moments ago, Analysts Review released new research updates concerning several important developing situations including eLong (NASDAQ: LONG), Empire (NASDAQ: NYNY), ENGlobal (NASDAQ: ENG), Expedia (NASDAQ: EXPE), and Exponent (NASDAQ: EXPO). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
EXPO: 88.39 (-0.06), EXPE: 89.49 (-0.08), LONG: 16.14 (-0.01), NYNY: 6.33 (+0.06), ENG: 1.85 (-0.06)
Empire Resorts begins right offering of about USD50m gross proceeds
M2 - Tue Jan 06, 6:46AM CST
Empire Resorts Inc (NASDAQ-GM:NYNY) began a rights offering for about gross proceeds of USD50m, it said today.
NYNY: 6.33 (+0.06)
Empire Resorts announces rights offering
Seeking Alpha - at Seeking Alpha - Mon Jan 05, 1:26PM CST
NYNY: 6.33 (+0.06)
Empire Resorts Announces Commencement of Rights Offering
Business Wire - Mon Jan 05, 12:28PM CST
Empire Resorts, Inc. (NASDAQ-GM:NYNY) ("Empire" or the "Company"
today announced that it has commenced a rights offering for approximate gross proceeds of $50,000,000. Empire has granted, at no charge to the holders of record of its common stock and Series B Preferred Stock on January 2, 2015, the record date for the rights offering, one non-transferable subscription right for each 5.6 shares of common stock owned, or into which the Series B Preferred Stock is convertible, as more fully described in the prospectus supplement relating to the rights offering. Each subscription right entitles the holder to purchase one share of common stock at a subscription price of $7.10 per share. In addition, holders of subscription rights who fully exercise their basic subscription rights are entitled to oversubscribe for additional shares of common stock up to the number of shares purchased pursuant to the exercise of their basic subscription rights. NYNY: 6.33 (+0.06)
Atlantic City and new Catskills casino to compete for NYC gamblers
Seeking Alpha - at Seeking Alpha - Wed Dec 31, 11:56AM CST
BYD: 14.36 (-0.23), MGM: 21.46 (+0.22), CZR: 10.78 (+0.18), NYNY: 6.33 (+0.06)
19.9% Return Seen to Date on SmarTrend Empire Resorts Call (NYNY)
Comtex SmarTrend(R) - Wed Dec 31, 11:21AM CST
SmarTrend identified an Uptrend for Empire Resorts (NASDAQ:NYNY) on September 17th, 2014 at $6.58. In approximately 4 months, Empire Resorts has returned 19.91% as of today's recent price of $7.89.
NYNY: 6.33 (+0.06)
Will The Big New Moves Send Ripples Or A Tsunami Through The Northeast Gaming Scene?
Howard Jay Klein - at Seeking Alpha - Wed Dec 31, 8:42AM CST
PENN: 16.62 (-0.21), WYNN: 159.34 (+4.62), LVS: 60.43 (+1.71), MGM: 21.46 (+0.22), CZR: 10.78 (+0.18), NYNY: 6.33 (+0.06)
