Empire Resorts Set to Join Russell 3000 Index
25 June 2010 - 5:00AM
Business Wire
Empire Resorts, Inc., (NASDAQ: NYNY) today announced it is set
to join the broad-market Russell 3000® Index on June 25, 2010, as
part of an annual reconstitution of Russell’s U.S. and global
equity indexes according to Russell's preliminary list of additions
published June 11, 2010 at www.russell.com. These changes are
expected to go into effect after the close of trading on Friday,
June 25, 2010 and remain in place for one year.
Empire Resorts expects that inclusion in the Russell 3000® would
also result in inclusion in the Russell 2000, which is a subset of
the Russell 3000® Index and includes approximately 2,000 of the
smaller companies based on their market capitalization. All Russell
indexes are sub-indexes of the Global Index. Initial inclusion in
the Russell indexes will continue to raise the awareness of Empire
Resorts to a wider range of institutions and investors.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for both
passive and active investment strategies. An industry-leading $3.9
trillion in assets are benchmarked to them. Stocks that are added
to Russell indexes are often purchased by index funds. Russell's
investment tools originated from Russell's multi-manager investment
business in the early 1980s when the company saw the need for a
more objective, market-driven set of benchmarks in order to
evaluate outside investment managers.
More information on the reconstitution is available at:
http://www.russell.com/indexes/membership/Reconstitution/Reconstitution_changes.aspx
About Russell
Investments
Russell Investments provides strategic advice, world-class
implementation, state-of-the-art performance benchmarks and a range
of institutional-quality investment products. Russell has $179
billion in assets under management as of March 31, 2010, and serves
individual, institutional and advisor clients in more than 40
countries. Founded in 1936, Russell is a subsidiary of The
Northwestern Mutual Life Insurance Company.
About Empire Resorts
Empire Resorts owns and operates the Monticello Casino &
Raceway, a harness racing track and casino located in Monticello,
New York, and 90 miles from midtown Manhattan. For additional
information, please visit www.empireresorts.com.
Statements in this press release regarding the Company's
business that are not historical facts are "forward-looking
statements" that may involve material risks and uncertainties. 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. For a full discussion of
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, as well as the Form 10-Q for the most
recently ended fiscal quarter.
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