Mighty M Gaming Announces the Arrival of Progressive Jackpots to the Catskills; Empire Resorts' Catskill Based Gaming Center Com
14 July 2005 - 9:30PM
Business Wire
Empire Resorts, Inc. (NASDAQ: NYNY), owner and operator of Mighty M
Gaming, located just 90 minutes from New York City, today announced
the installation of its first video gaming progressive jackpot
machines. The arrival of progressive jackpot machines make this
popular Catskill gaming destination the third New York based gaming
facility to offer these exciting games. Eleanor Lederman of
Monticello, a frequent visitor, became the first Mighty M Gaming
patron to play IGT's new Spam progressive machine. The Spam game is
one of the latest additions to the Mighty M Gaming's VGM gaming
floor. "This game offers the customer any wagering combinations
from $0.02 to $2.50 with wagering on twenty-five line combinations
and, of course, an ever increasing top jackpot," said Dave Hanlon,
CEO and president of Empire Resorts, Inc, owner and operator of the
Monticello Raceway and Mighty M Gaming at Monticello Raceway. "The
racino's customers have been asking for progressive machines since
our opening day a year ago and we are thrilled that IGT has
invested into the necessary design and engineering to begin meeting
that demand," Hanlon said. Mighty M Gaming is located in
Monticello, N.Y. In addition to over 1,700 video gaming machines,
the facility also offers a 350-seat buffet, food court and the Lava
Lounge with live entertainment. Mighty M Gaming is open daily from
10 a.m. until 2 a.m. About Empire Resorts, Inc. Empire operates the
Monticello Raceway and is involved in the development of other
legal gaming venues in New York. Empire opened Mighty M Gaming at
the Raceway site on June 30, 2004. This facility features over
1,700 video gaming machines and amenities such as a 350-seat buffet
and live nightly entertainment. Together with the Cayuga Nation of
New York, Empire has also announced plans to develop a $500 million
"Class III" Native American casino and resort on a site adjacent to
the Raceway, and the company is also working to develop other
gaming and non-gaming resort projects in the Catskill's region.
Statements in this press release regarding the company's business
that are not historical facts are "forward-looking statements" that
involve risks and uncertainties, including the need for regulatory
approvals, financing and successful completion of construction. The
company wishes to caution readers not to place undue reliance on
such forward-looking statements, which statements are made pursuant
to the Private Securities Litigation Reform Act of 1994, and as
such, speak only as of the date made. To the extent the content of
this press release includes forward-looking statements, they
involve various risks and uncertainties including (i) the risk that
the various approvals necessary as described herein and other
approvals required to be obtained from the United States Congress,
the Bureau of Indian Affairs, the National Indian Gaming Regulatory
Commission, the Governor of the State of New York and various other
federal, State and local governmental entities are not received,
(ii) the risk that financing necessary for the proposed programs or
projects may not be able to be obtained because of credit factors,
market conditions or other contingencies, (iii) the risk that
sovereign Native American governments may exercise certain broad
rights with regard to termination of its agreements with the
company (iv) the risk of non-compliance by various counterparties
of the related agreements, and (v) general risks affecting the
company as described from time to time in it's reports filed with
the Securities and Exchange Commission. For a full discussion of
such risks and uncertainties, which could cause actual results to
differ from those contained in the forward-looking statements, see
"Risk Factors" in the company's Annual Report or Form 10-K for the
most recently ended fiscal year.
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