🤑 Resorts World Catskills - Wikipedia

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The Company was awarded a gaming facility license by the New York State Gaming Commission to develop and operate a resort casino located.


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The property was originally to be named Montreign Resort Casino but announced in April that it would instead license the Resorts World name from.


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The Resorts World Catskills casino is roughly 85 miles northwest of New successfully petitioned the New York State Gaming Commission to.


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Additionally, it included the Resorts World Catskills Casino in the Catskill Mountains. Plus, a fourth commercial casino license was awarded later in


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We also export live broadcasts of our own races to race tracks, casinos and off-track betting facilities in the United States and internationally. We will leverage the Resorts World and Genting brands, which are well-known hospitality brands in the Asian markets, to target the large regional Asian gaming market and high-end Asian players. Identification No. Number of Guest Rooms and Suites 2. Generally, the annual license renewal process requires the NYSGC to review the financial responsibility, experience, character and general fitness of MRMI and its management. The penthouse-level suites, and several rooms beneath the penthouse level, are expected to be completed in late Monticello Casino and Raceway. Title of class. Gaming at the Casino is permitted 24 hours a day and is limited to persons over the age of Smoking is not permitted in the Casino. ITEM 9B. ITEM 8. In addition to competition from traditional gaming facilities, which is discussed in more detail below, the Casino and Monticello Casino and Raceway face competition from existing and prospective Internet gaming operations and sports wagering. Our more targeted marketing efforts are conducted through direct mail and email. ITEM 2. ITEM 5. The law contains a safe harbor provision for wagers placed within a single state disregarding intermediate routing of the transmission where the method of placing the bet and receiving the bet is authorized by that state's law, provided the underlying regulations establish appropriate age and location verification.{/INSERTKEYS}{/PARAGRAPH} {PARAGRAPH}{INSERTKEYS}Washington, D. Resorts World Casino 1. ITEM 3. Title of each class. Under UIGEA, severe criminal and civil sanctions may be imposed on the owners and operators of such systems and on financial institutions that process wagering transactions in violation of UIGEA. ITEM 9A. The Casino is integrated into the master-planned Destination Resort, which will feature a range of year-round amenities. Monticello Casino and Raceway's mid-range offerings include gaming and dining options designed to appeal to locals and patrons interested in a more intimate and comfortable setting. The industry is comprised of a diverse group of competitors that vary considerably in size and geographic diversity, quality of facilities and amenities available, marketing and growth strategies, and financial condition. We introduced a patron loyalty program to encourage patron relationships with Resorts World Catskills and increase loyalty to the Resorts World brand through unique benefits and rewards, while promoting our brand. Our marketing efforts are conducted through various channels. Box , Monticello, NY. Approximate Casino Square Footage 3. Non-accelerated filer. Raceway operations, which include live harness horseracing, simulcasting and pari-mutuel wagering activities in New York State, are overseen by the NYSGC. State or other jurisdiction of. Video lottery gaming is permitted for no more than 20 consecutive hours per day and on no day can such operation be conducted past a. Monticello Casino and Raceway currently features a video gaming machine "VGM" and harness horseracing facility. Information from the loyalty and rewards programs will be used to analyze patron usage and preferences by segment and individual player profile. Although we believe that our expectations are based upon reasonable assumptions, there can be no assurance that our financial goals will be realized. Empire Resorts, Inc. ITEM 4. PART I. Our Players' Club enables patrons to earn points that can be used for free slot play, complimentary food, merchandise, special offers, promotions, VIP invitations, discounts and coupons. Our pari-mutuel commission rates are fixed as a percentage of the total handle or amounts wagered. Further, our direct marketing efforts utilize advanced analytic techniques that identify patron preferences to allow us to make more relevant offers to patrons, influence incremental visits, and help build lasting patron relationships. We assume no obligation to update the forward-looking statements to reflect actual results or changes in the factors affecting such forward-looking statements. Due to the geographic proximity, the Casino and Monticello Casino and Raceway may compete, in part, with each other for gaming patrons. When expanded, the patron loyalty program will include a rewards program that will allow patrons to qualify for benefits at participating Resorts World-branded resorts and in both gaming and non-gaming areas. The Casino has an overall drive-time advantage relative to other full-scale gaming facilities from the northern and northwestern suburbs of New York City and the Company will focus on servicing what we believe is an unmet demand in the New York metropolitan market. These channels include radio, television, print, outdoor and digital throughout the Hudson-Valley Catskill region and the larger New York City metropolitan area. ITEM 7. Monticello Casino and Raceway is approximately three miles away from the Destination Resort, is directly adjacent to New York State Route 17 and has highly visible signage and convenient access from Exit of New York State Route VGM Operations. With the exception of a few holidays, we offer year-round simulcast wagering from racetracks across the country. ITEM Examples of such forward-looking statements include discussions of the expected results of various strategies. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. FORM K. Gaming operations. Monticello Casino and Raceway receives patronage from adults residing within the surrounding counties of New York, New Jersey and Pennsylvania. The casino entertainment industry is highly competitive. We also generate racing revenues through pari-mutuel wagering on the running of live harness horse races, the import simulcasting of harness and thoroughbred horse races from racetracks across the country and internationally, and the export simulcasting of our races to offsite pari-mutuel wagering facilities. The gaming market in the northeastern United States is seasonal in nature, with winter weather affecting patrons' ability to reach our facilities. The Casino is also convenient to recreational offerings in the Catskill Mountains. In the United States, the Unlawful Internet Gambling Enforcement Act of "UIGEA" prohibits, among other things, the acceptance by a business of a wager by means of the Internet where such wager is prohibited by any applicable law where initiated, received or otherwise made. ITEM 7A. ITEM 6. Portions of the Casino opened to the public on February 5, When complete, the Casino is expected to include:. The Casino will offer various Asian-themed amenities, including table games and slot machines, an Asian gaming pit, high-end gaming and private gaming salons, and various authentic Asian food options. Any statements that are not statements of historical fact may be forward-looking statements. Our forward-looking statements concern matters that involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from the future results, performance or achievements described or implied by such forward-looking statements. Monticello Casino and Raceway also has three dining options which include a food court, restaurant and sports bar. The Players' Club also enables patrons to earn points when wagering on racing at Monticello Casino and Raceway. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule of the Securities Act. We derive our racing, simulcasting and pari-mutuel wagering revenue principally from the following:. Members may earn points for their gaming play which can be redeemed at participating properties. However, because of the overnight accommodations at the Casino, we expect the adverse affects of winter weather to decline. The Casino is located in the Catskill region of New York State, which has historically been a resort area. The average drive-time of our current patrons is up to 60 minutes and therefore we focus on a convenience gaming market. ITEM 1. The Casino will compete with other gaming and non-gaming resorts and vacation areas, various other entertainment businesses, and will also compete with other retail facilities, amusement attractions, food and beverage offerings, and entertainment venues. Zip Code. Address of principal executive offices. Through our wholly-owned subsidiary, Monticello Raceway Management, Inc. Generally, we compete directly with casino and VGM facilities operating in the immediate and surrounding areas. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this filing. ETGs include the games of roulette, blackjack and 3-card poker. Gaming Tables. ITEM 1B. Resorts World Catskills. ITEM 9. VGMs are similar to slot machines, but they are connected to a central system and report financial information to the central system. In pari-mutuel wagering, patrons bet against each other rather than against the operator of the facility or with pre-set odds. Name of each exchange on which registered. Numerous factors may affect our actual results and may cause results to differ materially from those expressed in the forward-looking statements made by us or on our behalf. We maintain websites to inform individuals about Resorts World Catskills and Monticello Casino and Raceway and utilize several social media sites to promote our brands, unique events, and special deals. The amounts wagered form a pool of funds from which winnings are paid based on odds determined by the wagering activity. Check one :. Commission file number Exact name of registrant as specified in its charter.