Empire Resorts

Empire Resorts is a publicly traded gaming and entertainment company whose common stock is traded on the NASDAQ Global Market under the symbol “NYNY.”

Our subsidiary, Monticello Raceway Management, Inc., owns and operates the Monticello Casino & Raceway in Monticello, NY. The facility includes over 1,000 slot machines and electronic table games, as well as dining and live entertainment. Monticello Raceway has been conducting harness racing since 1958 and Monticello Casino and Raceway opened its doors to slot machine gaming in July 2004 and has already hosted over 5.5 million visitors.

Empire, through its wholly owned subsidiary, Montreign Operating Company, LLC, has begun construction of Montreign Resort Casino - an 18 - story casino, hotel and entertainment complex with approximately 102 table games, 2,150 state of the art slot machines and 332 luxury rooms which includes 12 penthouse suites, 8 garden suites and 7 two story villas, designed to meet 5 - star and 5 - diamond standards.

Company Growth (employees)
Type
Public
HQ
Monticello, US
Founded
1958
Size (employees)
277 (est)
Empire Resorts was founded in 1958 and is headquartered in Monticello, US

Empire Resorts Office Locations

Empire Resorts has an office in Monticello

Empire Resorts Data and Metrics

Empire Resorts Financial Metrics

Empire Resorts's revenue was reported to be $14.8 m in Q1, 2017
USD

Revenue (Q1, 2017)

14.8 m

Net income (Q1, 2017)

(11.5 m)

EBIT (Q1, 2017)

(6.4 m)

Market capitalization (22-Aug-2017)

681.1 m

Cash (31-Mar-2017)

7.8 m
Empire Resorts's current market capitalization is $681.1 m.
USDFY, 2016

Revenue

67.5 m

General and administrative expense

19.7 m

Operating expense total

19.7 m

EBIT

(23.7 m)

EBIT margin, %

(35%)

Interest expense

419 k

Interest income

10 k

Pre tax profit

(24.2 m)

Net Income

(24.2 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

16.2 m18.8 m14.5 m17.9 m19.5 m16.2 m17.4 m18.5 m14.8 m

General and administrative expense

2.9 m2.7 m2.8 m3 m3 m3.6 m6.5 m5.2 m3.7 m

Operating expense total

2.9 m2.7 m2.8 m3 m3 m3.6 m6.5 m5.2 m3.7 m

EBIT

(7.3 m)(2.3 m)(3.4 m)(7 m)(12.5 m)(4.8 m)(7 m)(5.4 m)(6.4 m)

EBIT margin, %

(45%)(12%)(23%)(39%)(64%)(29%)(40%)(29%)(43%)

Interest expense

2.9 m2.5 m679 k644 k647 k411 k4.3 m

Net Income

(10.3 m)(4.8 m)(4 m)(11.7 m)(24.8 m)(5.2 m)(12.2 m)(17.6 m)(11.5 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

7.5 m6.4 m6.4 m11 m

Accounts Receivable

1.2 m1 m1.2 m921 k

Inventories

3 m4.3 m4.8 m4.3 m

Current Assets

12.8 m13.5 m13.8 m17.3 m

PP&E

26.2 m26.4 m25.8 m26.4 m

Total Assets

39 m39.9 m65.4 m339.8 m

Accounts Payable

2.6 m2.2 m1.2 m2.3 m

Current Liabilities

8.6 m10.3 m20.5 m51.5 m

Total Liabilities

60.2 m

Common Stock

395 k96 k312 k

Additional Paid-in Capital

159 m175.8 m228.5 m533.8 m

Retained Earnings

(169.2 m)(193.3 m)(230.1 m)(254.6 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

14.9 m9.2 m4.6 m6.4 m6 m12.9 m11.8 m9.1 m7.8 m

Accounts Receivable

413 k837 k1.1 m1.1 m1 m967 k758 k822 k763 k

Current Assets

20.4 m16.6 m11.2 m13.2 m13.4 m21 m18.1 m15.9 m13.6 m

PP&E

25.6 m25.8 m26.2 m26 m25.9 m25.5 m25.4 m25.6 m27.3 m

Total Assets

46.1 m42.4 m84.1 m81.7 m73.4 m334.7 m341.4 m341.2 m755.2 m

Accounts Payable

2.7 m1.8 m2.3 m2.4 m2.1 m2.2 m2.5 m2.3 m3.1 m

Current Liabilities

27.6 m26.5 m26 m29.8 m34.7 m36.1 m48.1 m50.1 m57.3 m

Common Stock

466 k471 k471 k310 k311 k311 k312 k

Additional Paid-in Capital

175.1 m175.2 m225.6 m228.2 m227.8 m532.2 m532.6 m533.3 m534.7 m

Retained Earnings

(185 m)(189.9 m)(197.5 m)(205.2 m)(218.3 m)(235.4 m)(242.5 m)(247.9 m)(266 m)

Total Equity

(9.5 m)(14.3 m)268.9 m

Financial Leverage

-4.8 x-3 x2.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(21.5 m)(23.9 m)(36.6 m)(24.2 m)

Depreciation and Amortization

1.4 m1.3 m1.4 m1.3 m

Accounts Receivable

(136 k)135 k(117 k)235 k

Inventories

(184 k)(1.3 m)(544 k)506 k

Accounts Payable

(251 k)(350 k)(962 k)1 m

Cash From Operating Activities

(31.4 m)(12.9 m)

Purchases of PP&E

(1 m)(1.5 m)(767 k)(2 m)

Cash From Investing Activities

(6.6 m)(1.5 m)(20.3 m)(236.2 m)

Cash From Financing Activities

9.4 m16 m51.7 m253.7 m

Interest Paid

1.3 m1.3 m1.4 m407 k

Income Taxes Paid

17 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(10.3 m)(4.8 m)(4 m)(11.7 m)(24.8 m)(5.2 m)(12.2 m)(17.6 m)(11.5 m)

Depreciation and Amortization

335 k321 k333 k674 k1 m336 k671 k1 m336 k

Accounts Receivable

413 k837 k(23 k)(17 k)47 k188 k398 k334 k158 k

Accounts Payable

2.7 m1.8 m112 k232 k(103 k)912 k1.3 m1 m855 k

Cash From Operating Activities

(9.3 m)(17.4 m)(12.2 m)(15.3 m)(19.6 m)(4.7 m)

Purchases of PP&E

(138 k)(318 k)(521 k)(28 k)(241 k)(802 k)(1.2 m)

Cash From Investing Activities

(46.8 m)(42.8 m)(34.6 m)(236.5 m)(234.4 m)(232.7 m)(416.4 m)

Cash From Financing Activities

49.6 m52.1 m51.6 m255.2 m255.1 m255 m417.9 m

Interest Paid

321 k706 k1 m231 k231 k231 k
USDY, 2017

Revenue/Employee

53.3 k

Financial Leverage

2.8 x

Empire Resorts Market Value History

Traffic Overview of Empire Resorts

Empire Resorts Company Life and Culture

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