Empire Resorts Announces Appointment of Frank Catania to Board; Formerly Led New Jersey Division of Gaming Enforcement
18 November 2005 - 12:00AM
Business Wire
Empire Resorts, Inc. (NASDAQ: NYNY) today announced that, effective
November 16, 2005, Frank Catania has joined its board of directors
to fill one of two vacant seats. Mr. Catania, currently a principal
at Catania Consulting Group, a gaming consulting firm with
expertise in Native American affairs, was previously the director
of New Jersey's Division of Gaming Enforcement, the agency charged
with regulating Atlantic City casinos. He also brings over 30 years
of legal experience with an emphasis on both gaming and litigation.
Mr. Catania will serve on the Empire board as an independent
director. David P. Hanlon, CEO and president of Empire Resorts,
stated, "We are honored to have someone of Frank's caliber join our
board of directors. His regulatory background, gaming expertise,
and work with Native American tribes make him particularly suitable
to Empire. I am certain he will bring a fresh perspective to the
company and make a very substantial and long-lasting contribution.
We welcome him during this exciting time, as we prepare to make
history in the Catskills and explore new growth opportunities."
Frank Catania, Esq. Frank Catania has been a principal at Catania
Consulting Group and a lawyer at Catania & Associates since
January, 1999. Prior to this, he was the assistant attorney general
and director of New Jersey's Division of Gaming Enforcement, a
position he took in 1994. Mr. Catania was a managing partner at the
law offices of Catania & Harrington up until that time and was
engaged in all aspects of civil and criminal litigation, real
estate transactions, and corporate representation. He was also
elected and served as the assemblyman for New Jersey's 35th
Legislative District from 1990 through 1994. Mr. Catania is
currently a member of the International Masters of Gaming Law
association and was chairman of the International Association of
Gaming Regulators from 1998 to 1999. He has a J.D. from Seton Hall
University School of Law and a B.A. from Rutgers College. 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 1,500 video gaming machines and
amenities such as a 350-seat buffet and live entertainment. Empire
is also working to develop a $500 million "Class III" Native
American casino and resort on a site adjacent to the Raceway and
other gaming and non-gaming resort projects in the Catskills region
and other areas. 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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