Category: General NewsLogo
Posted Nov 16, 2017 13:04 (GMT +7)

Empire City Casino Evaluates Options to Create Global Gaming & Entertainment Destination

Historic Nearly 100-Acre New York Casino and Raceway, 15 miles from Times Square

YONKERS, N.Y.--(BUSINESS WIRE)--Nov. 15, 2017

Empire City Casino at Yonkers Raceway, one of the largest casinos in the U.S. and one of only two casinos licensed to serve the New York City metropolitan area, today announced that it has initiated a process to explore alternatives, including strategic partnerships, to best position this leading gaming and entertainment facility for the future. Empire City serves more than 16 million eligible gaming customers in southern New York and is located only fifteen miles from Times Square in Manhattan.

The Rooney family, which has owned Empire City Casino and Yonkers Raceway for over 45 years, seeks the right strategic partner to enable the transformation of the iconic, nearly 100-acre property into one of the world’s greatest entertainment destinations.

“Since 1899, Empire City has served its community and customers through its exceptional commitment to the creation of an unparalleled gaming and racing experience,” said Timothy J. Rooney, President and CEO of Empire City. “We believe our prime location and outstanding accessibility will serve as a unique platform to create one of the world’s leading gaming, hospitality, and entertainment venues. We are excited to explore opportunities with potential partners who can build on the strong foundation we have established.”

There can be no assurance that the process will result in a transaction, or on the terms or timing of such a transaction, if undertaken. No definitive schedule to complete the search has been set. To assist in the process, J.P. Morgan Securities LLC has been retained as the financial advisor. Any developments with respect to the review of alternatives will not be disclosed until a definitive agreement has been reached, and all reviews are concluded.

View source version on

All questions regarding the strategic review should be directed to the following at J.P. Morgan:
Bret Yunker, 212-622-1499
Head of Gaming Investment Banking

Distribute your news release with us

  • Print

    unique advertising solution

    Our media lists include news desks at all leading Thai and English-language dailies.

  • Radio & TV

    reliable platform

    We deliver your news to leading Thai radio stations and TV channels.

  • Internet Sites

    cloud computing

    All releases are submitted to Internet news sites, including several with guaranteed pickup.

Our Self-Serve News Release Couldn't Be Simpler

Our streamlined online process makes it simple and fast to submit your news to the Thai media. Once registered, just enter or copy your text into our submission form and you'll see an instant preview with our fee based on the word count, translation, and any attached image. To confirm submission, hit Enter to be taken to our payment processor. Once payment is approved, your release passes automatically to our news desk for translation and dissemination by our skilled and experienced team. You'll be kept informed at each step of the process.