NEW YORK, NY / ACCESSWIRE / September 25, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in ...

Casino and resorts operator Genting Malaysia said on Tuesday its U.S. unit bought about 13.2 million shares in Empire Resorts Inc from its largest shareholder, Kien Huat Realty III Ltd, for about $128.6 million. Genting said the Empire shares were bought at $9.74 a share, sthe same as what it had offered to pay for a 46% stake held by Kien Huat in August. Genting had proposed to acquire and privatize Empire at the time.

NEW YORK, Aug. 21, 2019 -- Levi & Korsinsky announces it has commenced an investigation of Empire Resorts, Inc. (NASDAQ: NYNY) concerning possible breaches of fiduciary.

Moody's Investors Service has placed on review for downgrade the Baa1 issuer rating of Genting Berhad (GENB) and the A3 issuer rating of Genting Singapore Limited (GENS). At the same time, Moody's has placed on review for downgrade the Baa1 issuer rating of Genting Overseas Holdings Limited (GOHL), a wholly-owned subsidiary of GENB.

MONTICELLO, N.Y., Aug. 19, 2019 /PRNewswire/ -- Empire Resorts, Inc. (NYNY) ("Empire Resorts" or the "Company") today announced a definitive agreement under which affiliates of Kien Huat Realty III Limited ("Kien Huat") and Genting Malaysia Berhad ("Genting Malaysia") will acquire all of the outstanding equity of the Company not currently owned by Kien Huat or its affiliates for $9.74 in cash per share of common stock, and with each share of the Company's Series B preferred stock receiving the same consideration on an as-converted to common stock basis. Kien Huat is currently the holder of approximately 86% of Empire Resorts' outstanding shares of common stock, including common stock issuable upon conversion of the Company's Series F convertible preferred stock.

NEW YORK , Aug. 21, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Empire Resorts, Inc. (NASDAQ: NYNY) on behalf of Empire shareholders ...

NEW YORK , Aug. 20, 2019 /PRNewswire/ --  WeissLaw LLP   is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Empire Resorts, Inc. ("Empire ...

Moody's Investors Service has downgraded the issuer rating of Genting Berhad (GENB) to Baa2 from Baa1. Moody's has also downgraded the issuer rating of Genting Overseas Holdings Limited (GOHL), a wholly-owned subsidiary of GENB, to Baa2 from Baa1.

Kien Huat Realty III Limited and Genting Malaysia Berhad is acquiring the remaining shares of  Empire Resorts, Inc. (NASDAQ: NYNY ) for $9.74 in cash per share of common stock,  The purchase price represents ...

Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com. For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. Please refer to Moody's Policy for Designating and Assigning Unsolicited Credit Ratings available on its website www.moodys.com.

MONTICELLO, N.Y., Aug. 6, 2019 /PRNewswire/ -- Empire Resorts, Inc. (NYNY) (the "Company"), today confirmed that the special committee of its board of directors (the "Board") has received an unsolicited proposal from Kien Huat Realty III Limited ("KH"), the holder of approximately 86% of Empire Resorts' outstanding shares of common stock. KH is proposing to acquire all of the outstanding equity of the Company not currently owned by KH or its affiliates for $9.74 per share of common stock, and with each share of the Company's series B preferred stock receiving the same consideration on an as-converted to common stock basis, in cash in a joint-venture with Genting Malaysia, an affiliate of KH.

BALA CYNWYD, PA / ACCESSWIRE / September 10, 2019 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Empire Resorts, Inc. (“Empire ...