This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Empire Resorts, Inc. Announces That Town Of Thompson Board Passes Resolution In Support Of MRMI’s Application For A Destination Gaming Resort License At Adelaar Resort In Sullivan County

Last night the Town of Thompson Board (“Thompson Board”) voted in favor of supporting Monticello Raceway Management, Inc.’s (“MRMI”) application to the New York State Gaming Facility Location Board (“Siting Board”) for a destination gaming resort license (“Gaming Facility License”). MRMI intends to submit an application for a Gaming Facility License at Adelaar, the four-season, $750 million destination resort planned for Sullivan County by subsidiaries of EPR Properties (“EPR”) (NYSE:EPR) and Empire Resorts, Inc. (“Empire”) (NASDAQ-GM:NYNY) and other co-developers.

On Monday the Siting Board issued its Request for Applications to Develop and Operate a Gaming Facility in New York State (“RFA”). Pursuant to the requirements of the Upstate New York Gaming and Economic Development Act (“Gaming Act”) and the RFA, as a condition of filing an RFA, each applicant must submit to the Siting Board a resolution passed by the local legislative body of its “Host Municipality” supporting the Application. The Thompson Board’s resolution fulfills MRMI’s initial requirement of local support.

In its resolution, the Town Board found that by the passage of local laws; the execution of various agreements with the Town of Thompson and other nearby municipalities; public statements and declarations; letters and resolutions from the Town of Thompson, County of Sullivan, nearby local governments, private organizations, community, religious and civic groups, charitable organizations, entertainment venues, chambers of commerce, local businesses, and labor organizations, received on behalf of the Adelaar, including MRMI’s Gaming Facility, MRMI and the EPR subsidiaries, EPR Concord II, LP and EPT Concord II, LLC (collectively, “EPT”), have demonstrated local support from the County of Sullivan, Town of Thompson and nearby municipalities. Citing a host of significant and necessary steps already taken by Adelaar’s developers towards the commencement of construction, the Thompson Board voted in support of MRMI’s application.

The Thompson Board discussed a host of factors that led to their decision, including approvals obtained, an extensive environmental review, opportunity for generation of high quality jobs and support from community groups, as well as the opportunity for economic development that Adelaar, with MRMI’s Gaming Facility, would bring to the Catskills.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,131.86 +47.37 0.28%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,838.6430 +8.1730 0.17%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs