who owns empire city casino

Table of Contents

1. Introduction

2. Empire City Casino Overview

3. The History of Empire City Casino

4. Ownership Structure of Empire City Casino

5. Key Ownership Stakeholders

6. Impact of Ownership on the Casino

7. Conclusion

1. Introduction

Empire City Casino, a prominent casino located in Yonkers, New York, has been a significant part of the gaming industry for over three decades. In this article, we will explore the ownership of Empire City Casino, its key stakeholders, and the impact of ownership on the casino's operations and reputation.

2. Empire City Casino Overview

Empire City Casino, also known as the Casino at Yonkers Raceway, is a destination that offers a variety of gaming, dining, and entertainment options. Opened in 1988, the casino has become a favorite among gamblers and visitors looking for a thrilling experience. With over 2,200 slot machines, 90 table games, and numerous dining options, Empire City Casino has something for everyone.

3. The History of Empire City Casino

Empire City Casino was founded in 1988, making it one of the first casinos to open in New York. The casino was developed by a group of investors, including the Yonkers Racing Corporation. Over the years, the casino has undergone several expansions and renovations, making it one of the largest gaming facilities in the state.

4. Ownership Structure of Empire City Casino

Empire City Casino's ownership structure has changed several times since its inception. Initially, the casino was owned by the Yonkers Racing Corporation. However, in 2002, the casino was sold to a group of investors led by the Connecticut-based real estate developer, Stephen J. Wynn. In 2014, the casino was acquired by the Genting Group, a Malaysian-based conglomerate with a significant presence in the gaming industry.

5. Key Ownership Stakeholders

The current ownership of Empire City Casino is held by the Genting Group. The Genting Group is a multinational corporation with a diverse portfolio of businesses, including gaming, leisure, and hospitality. Some of the key stakeholders in the Genting Group include:

a. Lim Kok Thay - Chairman and CEO of Genting Berhad

b. Tan Sri Lim Kok Thay - Non-Executive Chairman of Genting Hong Kong Limited

c. Tan Sri Lim Wee Chai - Non-Executive Chairman of Genting Malaysia Berhad

6. Impact of Ownership on the Casino

The ownership of Empire City Casino by the Genting Group has had a significant impact on the casino's operations and reputation. Some of the key impacts include:

a. Investment in Expansion and Renovations: The Genting Group has invested heavily in expanding and renovating the casino, improving its facilities and amenities.

b. Increased Market Share: The Genting Group's acquisition of Empire City Casino has helped the casino increase its market share in the competitive New York gaming market.

c. Enhanced Brand Image: The Genting Group's reputation in the gaming industry has helped enhance the brand image of Empire City Casino.

7. Conclusion

Empire City Casino, owned by the Genting Group, has become a significant player in the New York gaming industry. The casino's ownership structure and key stakeholders have played a crucial role in its growth and success. As the gaming industry continues to evolve, it will be interesting to see how Empire City Casino adapts to new challenges and opportunities.

Questions and Answers

1. Q: How many slot machines are there at Empire City Casino?

A: Empire City Casino has over 2,200 slot machines.

2. Q: When was Empire City Casino first opened?

A: Empire City Casino was first opened in 1988.

3. Q: Who was the original owner of Empire City Casino?

A: The original owner of Empire City Casino was the Yonkers Racing Corporation.

4. Q: How many table games are available at Empire City Casino?

A: Empire City Casino offers 90 table games.

5. Q: Who is the current CEO of the Genting Group?

A: The current CEO of the Genting Group is Lim Kok Thay.

6. Q: How has the ownership of Empire City Casino changed over the years?

A: The ownership of Empire City Casino has changed several times, from the Yonkers Racing Corporation to Stephen J. Wynn's group, and finally to the Genting Group.

7. Q: What kind of entertainment options does Empire City Casino offer?

A: Empire City Casino offers a variety of gaming, dining, and entertainment options, including slot machines, table games, dining, and live performances.

8. Q: How has the Genting Group's acquisition of Empire City Casino impacted the casino's reputation?

A: The Genting Group's acquisition of Empire City Casino has helped enhance the casino's reputation, leveraging the group's experience in the gaming industry.

9. Q: Has Empire City Casino undergone any expansions or renovations?

A: Yes, Empire City Casino has undergone several expansions and renovations, most notably under the ownership of the Genting Group.

10. Q: What is the total investment made by the Genting Group in Empire City Casino?

A: The total investment made by the Genting Group in Empire City Casino is not publicly disclosed, but it is known that they have invested heavily in expanding and renovating the casino.