8.20.19 - Empire Resorts to be acquired by Malaysian casino group
'On Monday, Empire announced a definitive agreement under which the Malaysian group will acquire all of the outstanding equity of the company. Kien Huat currently holds some 86 percent of Empire Resorts’ outstanding shares. With the purchase that is expected to close in the fourth quarter of the year, Empire Resorts will become a privately-held company and its common stock will no longer be listed on any public market.'
'“With the resources and support of Kien Huat and Genting Malaysia, Empire Resorts will be better positioned financially and operationally, which will help us advance our mission of delivering a winning combination of luxury facilities, quality entertainment and exceptional customer service,” said Ryan Eller, president and CEO of Empire Resorts.'