Empire Resorts CEO Joseph D’Amato added, “The restructuring of our indebtedness is an important milestone for Empire Resorts. As a result of this transaction, the company has over $7 million in working capital. We look forward to focusing on the completion of our rights offering which will further enhance the company’s financial position. We are optimistic that resolving these financing matters will allow Empire Resorts to focus on our ongoing efforts to enhance shareholder value.”This news release shall not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Empire Resorts Announces Receipt Of $35 Million Loan Company Repays All Obligations Under Its Outstanding Convertible Senior Notes
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