Empire Resorts Confirms Discussions with St. Regis Mohawk Tribe for Class III Native American Casino at Monticello Raceway
April 14 2009 - 11:58AM
Business Wire
Empire Resorts, Inc. (NASDAQ: NYNY) today confirmed the St.
Regis Mohawk Tribe�s recent announcement that the�Company met on
March 31, 2009 with the Tribe�s Council�to explore the potential
renewal of a business relationship relating to the development of a
Native American casino at the Monticello Raceway. The Company and
the Tribal Council agreed to re-establish business relations
pending approval of any renewed arrangements by tribal members in a
community referendum.
About Empire Resorts, Inc.
Empire Resorts operates the Monticello Gaming & Raceway and
is involved in the development of another gaming resort project in
the Catskills. 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 and contractual 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 Company�s
agreement with Concord Associates is not closed; (ii) the risk that
financing necessary for the proposed project may not be able to be
obtained because of credit factors, market conditions or other
contingencies, (iii) the risk that regulatory or contractual
approvals are not obtained, (iv) the risk of non-compliance by
various counterparties of the related agreements, and (iv) 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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