Empire Resorts and St. Regis Mohawk Tribe to Explore First ''LEED'' Approved Casino in Northeast
April 16 2007 - 7:00AM
Business Wire
Empire Resorts, Inc. (NASDAQ: NYNY) and the St. Regis Mohawk Tribe
today announced that they are exploring ways of making the proposed
St. Regis Mohawk Casino at Monticello Raceway in Sullivan County
the first such facility in the Northeast to be approved by the
Leadership in Energy and Environmental Design (�LEED�)
organization. Empire Resorts is the St. Regis Mohawk Tribe�s
development and management partner in the $600 million project.
Steven Winter Associates will be directing the LEED certification
process. LEED was created to define �green buildings� by
establishing a common standard of measurement; promote integrated
whole-building practices; and recognize environmental leadership in
the building industry. Steven Winter Associates is a pioneer in the
use of the LEED rating system, and has LEED-certified a growing
number of buildings, including the first LEED-certified building in
New York State. �Empire Resorts looks forward to working with the
St. Regis Mohawk Tribe in exploring the possibility of building the
Northeast�s first green casino,� said David Hanlon, CEO of Empire
Resorts. �This is an exciting, innovative and challenging project,
and we take great pride in being part of it.� The company is
currently examining all facets needed to achieve �green� status for
the casino. �The environment has always been our foremost concern
in planning for the casino,� said Mohawk Tribal Chief Lorraine
White. �We are proud to be one of the first casinos in the nation
to consider the implementation of advanced environmentally-friendly
systems.� �The Sullivan County Legislature has made a priority of
enticing green industries to Sullivan County and believes strongly
that green technology should be utilized in new economic
development projects,� said Sullivan County Legislature Chair Chris
Cunningham. �The Legislature supports the St. Regis Mohawk casino
project, and believes the Tribe�s decision to�examine LEED
certification demonstrates the Tribe�s commitment to protecting our
environment while moving forward with this project.� �The St. Regis
Mohawk Tribe has one of the best environmental programs in Indian
country. It was built on a philosophy of respecting, protecting and
enhancing the environment for future generations,� added Tribal
Chief James W. Ransom. �We want to bring this same approach to the
building of this casino and hope it results in a facility that will
be in keeping with the strong environmental character of the
Catskills.� The casino plan was analyzed through a dual
environmental review process which included both an Environmental
Assessment following the National Environmental Protection Act
standards and an Environmental Impact Statement under the State
Environmental Quality Review Act. The sustainability initiative is
derived from the Tribe�s commitment to protect, replenish and
nurture the environment. �The environmental aspects we are
implementing could represent a milestone in casino development,�
said Tribal Chief Barbara Lazore. �We hope our casino will set a
new standard for the development of entertainment facilities in the
years ahead.� About Empire Resorts, Inc. Empire Resorts operates
the Monticello Raceway and is involved in the development of other
legal gaming venues. Empire�s Mighty M Gaming facility now features
over 1,500 video gaming machines and amenities including a 350-seat
buffet and live entertainment. Empire is also working to develop a
"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. Additional information can be
found at www.empireresorts.com. 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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