Kien Huat is currently the holder of approximately 86% of Empire Resorts’ outstanding shares of common stock, including common stock issuable upon conversion of the Company’s Series F convertible preferred stock.Īmong Genting Malaysia’s holdings include Resorts World New York City in the Jamaica section of Queens.
19 that it had reached a definitive agreement where affiliates of Kien Huat Realty III Limited and Genting Malaysia Berhad will acquire all of the outstanding equity of the company not currently owned by Kien Huat or its affiliates for $9.74 in cash per share of common stock, and with each share of the Company’s Series B preferred stock receiving the same consideration on an as-converted to common stock basis. 15.Įmpire Resorts, after earlier threating possibly filing for bankruptcy, announced on Aug. Due in large part to the grounding of the Boeing 737 Max, the airport will be ending transatlantic flights to Ireland and other European destinations from the airport on Sept. Casino Is Taken Private By Majority ShareholderĮmpire Resorts, Inc, after suffering continued losses at its Resorts World Catskills Casino in Sullivan County, has agreed to be taken private by its majority shareholder.Īnd in Orange County, the success story of low-cost carrier Norwegian Airlines at New York Stewart International Airport in New Windsor, has come to a close.
