Empire Resorts
Encyclopedia
Monticello Raceway
Monticello Gaming and Raceway is a harness racing track, and home to a relatively new racino, in Monticello, Sullivan County, New York. It is off Exit 104 of Route 17 , on New York State Route 17B....
racino
Racino
A racino is a combined race track and casino. In some cases, the gambling is limited to slot machines, but many locations are beginning to include table games such as blackjack, poker, and roulette....
in the Catskill Mountains
Catskill Mountains
The Catskill Mountains, an area in New York State northwest of New York City and southwest of Albany, are a mature dissected plateau, an uplifted region that was subsequently eroded into sharp relief. They are an eastward continuation, and the highest representation, of the Allegheny Plateau...
90 miles (144.8 km) from New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
.
Headquartered in Monticello, New York
Monticello, New York
Monticello is a village located in the Town of Thompson in Sullivan County, New York, United States. The population was 6,512 at the 2000 census. It is the seat for the Town of Thompson and the county seat of Sullivan County...
, Empire is 78.6% owned by Kien Huat Realty Sdn Bhd of Kuala Lumpur
Kuala Lumpur
Kuala Lumpur is the capital and the second largest city in Malaysia by population. The city proper, making up an area of , has a population of 1.4 million as of 2010. Greater Kuala Lumpur, also known as the Klang Valley, is an urban agglomeration of 7.2 million...
, Malaysia.
History
Empire Resorts is a NASDAQ Global Market company. The company's stock is traded under the ticker symbol "NYNY." Its subsidiary, Monticello Raceway Management, Inc., owns and operates the Monticello Casino & Raceway in Monticello, New York. The 230 acres (93.1 ha) property, located approximately 90 miles northwest of New York City, includes a gaming and entertainment complex that features over 1,000 slot machines, electronic table games, and one of the nation's largest all-weather harness horse racing tracks. The casino features many of the same slot machine names found in the casinos of Atlantic CityAtlantic City, New Jersey
Atlantic City is a city in Atlantic County, New Jersey, United States, and a nationally renowned resort city for gambling, shopping and fine dining. The city also served as the inspiration for the American version of the board game Monopoly. Atlantic City is located on Absecon Island on the coast...
and Las Vegas
Las Vegas, Nevada
Las Vegas is the most populous city in the U.S. state of Nevada and is also the county seat of Clark County, Nevada. Las Vegas is an internationally renowned major resort city for gambling, shopping, and fine dining. The city bills itself as The Entertainment Capital of the World, and is famous...
, and offers live entertainment and dining.
Chronology
- 1958: Monticello Raceway began operations on its lightning-fast half-mile track June 27, 1958.
- 2001: New York State passes legislation allowing race tracks to host electronic slot machines.
- 2003: The company joins Nasdaq via a reverse merger under the Empire Resorts, Inc. name and ticker symbol "NYNY."
- 2004: The company receives regulatory approval to open a casino at the Monticello Raceway site. A $34 million renovation is completed in six months, and the new Monticello Casino & Raceway is opened on June 30.