Empire City Casino Evaluates Options to Create Global Gaming & Entertainment Destination
Historic Nearly 100-Acre New York Casino and Raceway, 15 miles from Times Square
The Rooney family, which has owned Empire City Casino and Yonkers Raceway for over 45 years, seeks the right strategic partner to enable the transformation of the iconic, nearly 100-acre property into one of the world’s greatest entertainment destinations.
“Since 1899, Empire City has served its community and customers through its exceptional commitment to the creation of an unparalleled gaming and racing experience,” said Timothy J. Rooney, President and CEO of Empire City. “We believe our prime location and outstanding accessibility will serve as a unique platform to create one of the world’s leading gaming, hospitality, and entertainment venues. We are excited to explore opportunities with potential partners who can build on the strong foundation we have established.”
There can be no assurance that the process will result in a transaction, or on the terms or timing of such a transaction, if undertaken. No definitive schedule to complete the search has been set. To assist in the process, J.P. Morgan Securities LLC has been retained as the financial advisor. Any developments with respect to the review of alternatives will not be disclosed until a definitive agreement has been reached, and all reviews are concluded.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171115005117/en/
Website: http://www.jpmorganchase.com
Contact
All questions regarding the strategic review should be directed to the following at J.P. Morgan:
Bret Yunker
Head of Gaming Investment Banking
+1 212-622-1499
Empire_City@jpmorgan.com
This news is a press release provided by JPMorgan Chase & Co..
-
2024년 10월 23일 13:42
-
2023년 10월 11일 09:20