Empire Resorts Announces Workforce Development Plan to Implement Equal Employment Opportunities for Minority, Woman & Veteran...
28 April 2014 - 10:00PM
Business Wire
Empire Resorts, Inc. (together with its subsidiaries, “Empire”)
(NASDAQ-GM:NYNY) today announced that it has retained DACK
Consulting Solutions, Inc. (“DACK”) to assist in establishing a
program for the inclusion of minority, women and veteran-owned
businesses (“MWVBEs”) in the pre-construction and construction
phases of its proposed destination gaming resort development
(“Gaming Facility”) in accordance with the Upstate New York Gaming
and Economic Development Act. Such proposed Gaming Facility will be
located at Adelaar, a four-season, $750 million destination resort
planned for Sullivan County by subsidiaries of EPR Properties
(“EPR”), Empire and other co-developers. The MWVBE program will be
submitted to the New York State Gaming Facility Location Board (the
“Board”) in connection with Empire’s application for a Gaming
Facility license.
“Our association with DACK represents a significant milestone in
addressing the workforce enhancement factors in the Board’s Request
for Applications. Our application will be submitted on or before
June 30, 2014,” said Empire’s CEO Joseph D’Amato. “With less than
65 days left for the applications to be submitted, real and robust
MWVBE plans require substantial preparations to be implemented upon
the awarding of a license. We and LP Ciminelli (“LPC”), our
construction manager, will work closely with DACK to identify and
implement innovative and comprehensive MWBVE programs for
construction of the proposed Gaming Facility. DACK, which will also
assist with implementing a diversity program for operations at the
Gaming Facility, will be a tremendous resource in ensuring that
minority, woman, and veteran-owned businesses are provided a
legitimate opportunity to bid and be awarded contracts, should we
be granted a Gaming Facility license.”
“The commitment being demonstrated by Empire is significant and
will have a positive impact on the MWVBEs and provide for equal
employment opportunities on those construction jobs that will be
created,” stated Aleksandra Chancy, P.E., and Principal of DACK.
“As a minority woman owned business, we fully understand the
importance of utilizing minority, woman, and veteran owned
businesses and hiring a diverse workforce.”
Reaching our goals will require a complete picture of the
available MWVBE businesses in the region as well as a substantive
understanding of the construction project, which will begin
immediately if we are granted a Gaming Facility license. DACK’s
responsibilities will include:
- Outreach to potential contractors and
workforce
- Facilitating bidding and labor
opportunities in the area
- Working with us and LPC to identify
contracting opportunities
- Developing an initial plan to achieve
our participation objectives
- Monitoring compliance concerning the
achievement of MWVBE utilization and workforce diversity goals
and
- Providing mentoring to the selected
MWVBEs during the bidding phase.
DACK will soon begin to hold forums in several localities
surrounding Sullivan and Orange Counties to increase awareness of
the project and the potential opportunities for certified MWVBEs.
These forums will incorporate local churches, civil groups,
not-for-profit organizations, business chambers, veterans groups
and local governments in an effort to help them better understand
the project and how it can be utilized by MWVBEs and those seeking
construction employment.
About DACK Consulting Solutions
DACK Consulting Solutions Inc. is a White Plains, New York based
construction consulting firm that provides Minority Woman Veteran
Business Enterprise (MWVBE) and Workforce Diversity contract
compliance services to developers, governmental agencies,
municipalities, architects, construction managers, and general
contractors. DACK facilitates bidding opportunities for MWVBEs and
increases labor opportunities for local diverse populations for
governmental, educational, institutional, commercial, industrial
and residential construction projects during the pre-development,
pre-construction, construction, and post-construction phases.
About Empire Resorts
Empire Resorts owns and operates, through its subsidiary
Monticello Raceway Management, Inc., the Monticello Casino &
Raceway, a harness racing track and casino located in Monticello,
New York, and is 90 miles from midtown Manhattan. Further
information is available at www.empireresorts.com
Cautionary Statement Regarding Forward Looking
Information
This press release includes "forward-looking statements"
intended to qualify for the safe harbor from liability established
by the Private Securities Litigation Reform Act of 1995. These
statements include statements about our plans, strategies,
financial performance, prospects or future events and involve known
and unknown risks that are difficult to predict. As a result, our
actual results, performance or achievements may differ materially
from those expressed or implied by these forward-looking
statements. In some cases, you can identify forward-looking
statements by the use of words such as "may," "could," "expect,"
"intend," "plan," "seek," "anticipate," "believe," "estimate,"
"predict," "potential," "continue," "likely," "will," "would" and
variations of these terms and similar expressions, or the negative
of these terms or similar expressions. Such forward-looking
statements are necessarily based upon estimates and assumptions
that, while considered reasonable by Empire and our management
team, are inherently uncertain. Factors that may cause actual
results to differ materially from current expectations include,
among others, levels of spending in business and leisure segments
as well as consumer confidence; plans for signing and closing on
definitive transaction documents; the construction commencement
date for the development project; relationships with associates and
labor unions and changes in labor law; the financial condition of,
and our relationships with, third-party property owners and
hospitality venture partners; changes in the competitive
environment in our industry and the markets where we operate; the
timing of the receipt of regulatory and governmental approvals for
the development project, including the issuance of a destination
gaming resort license to us, changes in federal, state or local tax
law; general volatility of the capital markets and our ability to
access the capital markets to secure necessary financing. A more
complete description of these risks and uncertainties can be found
in our filings with the U.S. Securities and Exchange Commission. We
caution you not to place undue reliance on any forward-looking
statements, which are made as of the date of this press release. We
undertake no obligation to update publicly any of these
forward-looking statements to reflect actual results, new
information or future events, changes in assumptions or changes in
other factors affecting forward-looking statements, except to the
extent required by applicable laws. If we update one or more
forward-looking statements, no inference should be drawn that we
will make additional updates with respect to those or other
forward-looking statements.
Empire Resorts, Inc.Charles Degliomini,
845-807-0001cdegliomini@empireresorts.com
Empire Resorts (NASDAQ:NYNY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Empire Resorts (NASDAQ:NYNY)
Historical Stock Chart
From Jul 2023 to Jul 2024