in the next few weeks, appears there is nothing but good newa coming up.
but there is one hitch, they still need to resolve their debt with senior bondholders.
new management team, new stock options to create large incentive to avoid
filing for bankruptcy.
it will all de decided in the coming weeks.
many positive signs there will be an equity offering to cover some of the outstanding debt.
perhaps a combination of new lending at better terms to pay off the old
debt at less attractive terms.
new electronic gaming laws in ny state will benefit empire resorts.
good possibility they will finally
receive the go ahead to build an indian casino at the monticello raceway, but they also have a relationship with another project owned by one of their major owners
and chair of the board, louis cappelli, a major new york area
real estate developer with eyes on the greater catskills economic renewal through tourism, recreation and especially new gaming and casino
strong buy signals on june 24-25.
but this is a news driven stock.
ny state is about to pass a law locking up favorable financing terms for the concord and monticello investments undertaken by cappelli and empire resorts, whose interests of brought together the bernstein brothers as the other heavy hitters
in the executive leadership.
politics will determine empire resorts short term future. if they receive the policy changes they need to move their projects forward, this stock could become a five or six bagger in the next one to two years.