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April 2, 2014
08:33 EDTNYNYEmpire Resorts announces commencement of rights offering
Empire Resorts announced that it has commenced a rights offering for approximate gross proceeds of $15,390,000. Empire has granted, at no charge to the holders of record of its common stock and Series B Preferred Stock on March 31, the record date for the rights offering, one non-transferable subscription right for each 15 shares of common stock owned, or into which the Series B Preferred Stock is convertible, as more fully described in the prospectus supplement relating to the rights offering. Each subscription right will entitle the holder to purchase one share of common stock at a subscription price of $6.25 per share. In addition, holders of subscription rights who fully exercise their basic subscription rights are entitled to oversubscribe for additional shares of common stock up to the number of shares purchased pursuant to the exercise of their basic subscription rights. The subscription offering is expected to expire on April 30, subject to extension or earlier termination. The company will not issue subscription rights to acquire fractional shares of its common stock but rather will round down the aggregate number of shares for which shareholders may subscribe to the nearest whole share. Shareholders who hold their shares directly will receive a prospectus, together with a letter from the company describing the rights offering, a subscription rights certificate and an IRS Form W-9.
News For NYNY From The Last 14 Days
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December 18, 2014
10:41 EDTNYNYHigh option volume stocks
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December 17, 2014
16:11 EDTNYNYEPR Properties says development partner selected for NY casino
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14:58 EDTNYNYEmpire Resorts confirms selection to apply for NY gaming license
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14:52 EDTNYNYEmpire Resorts among three selected for New York casino projects
New York selected three casino projects to advance in its upstate region: Montreign, which was proposed by Empire Resorts (NYNY), Rivers Casino, which was proposed by an affiliate of Rush Street Gaming, and Lago Resort, which was proposed by Wilmorite. Churchill Downs (CHDN), which proposed The Casino at East Greenbush, and Caesar's (CZR), which proposed Caesars New York in Woodbury, were not selected by the board. Shares of Empire Resorts were volatile in afternoon trading after the New York State Gaming Commission made its announcements during a gaming facility location board meeting.
14:32 EDTNYNYEmpire up 9% after Bloomberg says casino project selected by NY
07:52 EDTNYNYNew York State Gaming Commission to hold a meeting
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December 12, 2014
14:06 EDTNYNYEmpire Resorts says NY Facility Location Board has recommendations on agenda
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December 11, 2014
10:21 EDTNYNYHigh option volume stocks
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