Current Report Filing (8-k)
18 December 2014 - 9:15AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 17, 2014
EMPIRE RESORTS, INC.
(Exact name of registrant as specified in its charter)
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Delaware |
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001-12522 |
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13-3714474 |
(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
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c/o Monticello Casino and Raceway, 204 State
Route 17B, P.O. Box 5013,
Monticello, NY |
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12701 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code: (845) 807-0001
Not Applicable
(Former
name or former address, if changed since last report)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
On December 17, 2014, Empire Resorts, Inc. (together with its
subsidiaries, the Company) issued a press release relating to the recommendations of the New York State Facility Location Board with respect to the gaming facility applicants for licensure by the New York State Gaming Commission. A copy
of such press release is filed as Exhibit 99.1 hereto.
Cautionary Statement Regarding Forward Looking Information
This report 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 gaming facility; 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 gaming facility 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 the reports and other documents filed with the U.S. Securities and Exchange Commission. The Company cautions readers not to rely on these forward-looking
statements. The Company undertakes no obligation to update 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.
Item 9.01. |
Financial Statements and Exhibits. |
99.1 |
Press Release, dated December 17, 2014 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated: December 17, 2014
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EMPIRE RESORTS, INC. |
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By: |
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/s/ Joseph A. DAmato |
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Name: |
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Joseph A. DAmato |
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Title: |
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Chief Executive Officer |
Exhibit Index
99.1 |
Press Release, dated December 17, 2014 |
Exhibit 99.1
EMPIRE RESORTS, INC.S MONTREIGN OPERATING COMPANY
SELECTED BY THE NEW YORK STATE GAMING FACILITY
LOCATION BOARD
TO APPLY
FOR A GAMING FACILITY LICENSE
-Company is the Only Catskill/Hudson Valley Applicant Eligible to Apply -
December 17, 2014
Monticello, NY Empire Resorts,
Inc. (NASDAQ-GM: NYNY) (Empire) today announced that its wholly owned subsidiary, Montreign Operating Company, LLC (Montreign), was selected in a unanimous vote by the New York State Gaming Facility Location Board
(Board) as the sole Catskill/Hudson Valley Region One (Region One) casino applicant eligible to apply to the New York State Gaming Commission (Gaming Commission) for a Gaming Facility License. The Board announced
their selection of Montreign today after having initiated a Request for Applications competitive process on March 31, 2104. The Gaming Commission will award such Gaming Facility Licenses upon confirmation of the applicants suitability and
their respective ability to complete the gaming facility.
Its a great day for Empire Resorts, the resilient residents of Sullivan County, and
our co-developer EPR Properties, said Emanuel Pearlman, Empires Chairman. Todays decision by the Board is an important next step as we finalize our plans to attract tourism to Upstate New York and create thousands of good
paying jobs as well as new revenue for local businesses. We thank the Board for their hard work in vetting these applications, and their decision is very much valued and appreciated. After receiving all final regulatory approvals, we will break
ground as soon as possible on what will truly be a Catskills destination reborn.
# # # #
Contact:
Empire Resorts
Charles Degliomini
Executive Vice President
845-807-0001
cdegliomini@empireresorts.com
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