New Yorker operator looks for allies
Operators of New York State’s casino Empire City are looking for new partners to increase the investment.
US.- Empire City Casino operators have announced future plans of investments in order to increase the current gaming services in the State of New York. The company is looking for new partners to increase the fundings and be able to invest in the gaming salon, which is facing competition with new rivals.
According to the company’s official statement, the operators had enlisted J.P. Morgan Securities to help explore “alternatives, including strategic partnerships” and be able to increase current services in the traditional venue. As New York State’s casino industry is getting bigger, the operators are searching for new ways of maintaining and increasing the profits.
Empire City CEO Timothy Rooney said the casino’s “prime location and outstanding accessibility will serve as a unique platform to create one of the world’s leading gaming, hospitality, and entertainment venues”. The Empire City casino operates in the Yonkers Raceway since 2006, and “underwent a US$50 million expansion in 2013 that added 66k-square-feet of amenities to the property, including new restaurants and an expanded gaming floor that now encompasses over 5k slots and electronic table games.”
