Resorts World Catskills was struggling long before the current coronavirus situation, and it needs help to stay alive more than ever.
Resorts World Catskills will be taken private once the deal is signed between the property’s owner, Empire Resorts, and Genting Malaysia.
Genting told shareholders they have nothing to fear, and that they would defend their proposed Empire Resorts merger.
The deal for Genting Malaysia to pick up Resorts World Catskills in New York may have just hit a snag.
Resorts World Catskills in upstate New York hasn’t been able to produce the numbers lately and rumblings of a possible bankruptcy.
Genting’s big buyout of Empire Resorts is a plan to enter the Upstate New York market.
Empire Resorts, parent company of the Monticello Raceway in New York, wants to put all its efforts into the Resorts World Catskills.
They might say they are making room for sports betting, but the truth is upstate casinos have been losing money on slots and they need to make a change.
Empire Resorts announces that it will close the Monticello Casino & Raceway's slot machine operations by April 23 to boost Resorts World Catskills revenue.
Bet365 inks 20-year betting and online gaming 'strategic alliance' with New York's Empire Resorts; DraftKings launching sportsbook at Resorts Casino Hotel.