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.

Empire Resorts was founded in 1958 and is headquartered in Monticello, US

Empire Resorts has an office in Monticello

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.

USD | FY, 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) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 16.2 m | 18.8 m | 14.5 m | 17.9 m | 19.5 m | 16.2 m | 17.4 m | 18.5 m | 14.8 m |

## General and administrative expense | 2.9 m | 2.7 m | 2.8 m | 3 m | 3 m | 3.6 m | 6.5 m | 5.2 m | 3.7 m |

## Operating expense total | 2.9 m | 2.7 m | 2.8 m | 3 m | 3 m | 3.6 m | 6.5 m | 5.2 m | 3.7 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 m | 2.5 m | 679 k | 644 k | 647 k | 411 k | 4.3 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) |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 7.5 m | 6.4 m | 6.4 m | 11 m |

## Accounts Receivable | 1.2 m | 1 m | 1.2 m | 921 k |

## Inventories | 3 m | 4.3 m | 4.8 m | 4.3 m |

## Current Assets | 12.8 m | 13.5 m | 13.8 m | 17.3 m |

## PP&E | 26.2 m | 26.4 m | 25.8 m | 26.4 m |

## Total Assets | 39 m | 39.9 m | 65.4 m | 339.8 m |

## Accounts Payable | 2.6 m | 2.2 m | 1.2 m | 2.3 m |

## Current Liabilities | 8.6 m | 10.3 m | 20.5 m | 51.5 m |

## Total Liabilities | 60.2 m | |||

## Common Stock | 395 k | 96 k | 312 k | |

## Additional Paid-in Capital | 159 m | 175.8 m | 228.5 m | 533.8 m |

## Retained Earnings | (169.2 m) | (193.3 m) | (230.1 m) | (254.6 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 14.9 m | 9.2 m | 4.6 m | 6.4 m | 6 m | 12.9 m | 11.8 m | 9.1 m | 7.8 m |

## Accounts Receivable | 413 k | 837 k | 1.1 m | 1.1 m | 1 m | 967 k | 758 k | 822 k | 763 k |

## Current Assets | 20.4 m | 16.6 m | 11.2 m | 13.2 m | 13.4 m | 21 m | 18.1 m | 15.9 m | 13.6 m |

## PP&E | 25.6 m | 25.8 m | 26.2 m | 26 m | 25.9 m | 25.5 m | 25.4 m | 25.6 m | 27.3 m |

## Total Assets | 46.1 m | 42.4 m | 84.1 m | 81.7 m | 73.4 m | 334.7 m | 341.4 m | 341.2 m | 755.2 m |

## Accounts Payable | 2.7 m | 1.8 m | 2.3 m | 2.4 m | 2.1 m | 2.2 m | 2.5 m | 2.3 m | 3.1 m |

## Current Liabilities | 27.6 m | 26.5 m | 26 m | 29.8 m | 34.7 m | 36.1 m | 48.1 m | 50.1 m | 57.3 m |

## Common Stock | 466 k | 471 k | 471 k | 310 k | 311 k | 311 k | 312 k | ||

## Additional Paid-in Capital | 175.1 m | 175.2 m | 225.6 m | 228.2 m | 227.8 m | 532.2 m | 532.6 m | 533.3 m | 534.7 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 x | 2.8 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (21.5 m) | (23.9 m) | (36.6 m) | (24.2 m) |

## Depreciation and Amortization | 1.4 m | 1.3 m | 1.4 m | 1.3 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 m | 16 m | 51.7 m | 253.7 m |

## Interest Paid | 1.3 m | 1.3 m | 1.4 m | 407 k |

## Income Taxes Paid | 17 k |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 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 k | 321 k | 333 k | 674 k | 1 m | 336 k | 671 k | 1 m | 336 k |

## Accounts Receivable | 413 k | 837 k | (23 k) | (17 k) | 47 k | 188 k | 398 k | 334 k | 158 k |

## Accounts Payable | 2.7 m | 1.8 m | 112 k | 232 k | (103 k) | 912 k | 1.3 m | 1 m | 855 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 m | 52.1 m | 51.6 m | 255.2 m | 255.1 m | 255 m | 417.9 m | ||

## Interest Paid | 321 k | 706 k | 1 m | 231 k | 231 k | 231 k |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 53.3 k |

## Financial Leverage | 2.8 x |