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NYNY - Empire Resorts, Inc.

Empire Resorts, Inc. logo Empire Resorts, Inc. competes with other gaming and resort companies, such as Las Vegas Sands Corp, MGM Resorts International, and Wynn Resorts, Ltd. In terms of market share, Empire Resorts, Inc. is a relatively small player compared to these larger competitors.

In 2019, Empire Resorts, Inc. announced that it had entered into a merger agreement with Kien Huat Realty III Limited, a company controlled by Genting Malaysia Berhad, a gaming and resort company based in Malaysia. Under the terms of the agreement, Kien Huat Realty III Limited would acquire all outstanding shares of Empire Resorts, Inc. for $9.74 per share. The merger was completed in December 2019, and Empire Resorts, Inc. became a privately held company.

In 2020, Empire Resorts, Inc. was affected by the COVID-19 pandemic, which led to the closure of its casino and resort for several months. The company implemented cost-cutting measures to mitigate the impact of the pandemic on its financial performance.

Overall, Empire Resorts, Inc. has faced challenges in the highly competitive gaming and resort industry. The company's merger with Genting Malaysia Berhad may provide new opportunities for growth, but the impact of the COVID-19 pandemic on the gaming industry remains a challenge for the company and its c




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