Posted by Aero1 > Aug 7, 2019 5:39 PM | Report Abuse

Thank for sharing

Posted by Kt Lim > Aug 7, 2019 6:00 PM | Report Abuse

Just another thought. Logically speaking, if a business man has invested so much money, effort and time in his personal business (Empire Resort) for 10-20 years, there is no reason why he does not want to keep all the future profits to himself if he sees the business will turn around soon.
Unless there is higher risk - much more money required to be thrown in and thus this is shared with the public-investors.

Posted by Alex™ > Aug 7, 2019 7:03 PM | Report Abuse

Buy first, publish later.

Posted by Blaze > Aug 7, 2019 7:05 PM | Report Abuse

Clear indications share shoot up again to 3.60

Posted by PHconman > Aug 7, 2019 7:15 PM | Report Abuse

tmr will rebound..typical jittery msian investor when see little bad news will selloff...

Posted by Airline Bobby > Aug 7, 2019 7:16 PM | Report Abuse

Another wild sifu has appeared ~

Posted by SteadyT > Aug 7, 2019 7:43 PM | Report Abuse

Why the deal can proceed without minority shareholders’ approval despite being a RPT? I dont really get that part

Posted by lizi > Aug 7, 2019 7:49 PM | Report Abuse

empire not only losing money, but they every year also bleeding in cash outflow, big time.......

Posted by jellyfish > Aug 7, 2019 7:55 PM | Report Abuse

Genting casino in malaysia is a monopoly, in America, there are thousand of casinos, not easy to be profitable.

Posted by newbie5354_ > Aug 7, 2019 8:51 PM | Report Abuse

Today is bottom?

Posted by Agjl > Aug 7, 2019 11:42 PM | Report Abuse

Junx.....reason the RPT dont need minorities approval becos its not deem material under listing rules. When a RPT deems material means the amount has to be 5% of either its profit or its revenue. Looking at genm large base so the acquisition is unlikely to be 5% of either.

Posted by boostmy > Aug 8, 2019 9:02 AM | Report Abuse

Look out for part 2 today. Stay tuned ladies and gentlemen.

Posted by Tim2812 > Aug 8, 2019 11:40 AM | Report Abuse

Stay tuned? Now already tiny toon.lol

Posted by patient_invest > Aug 8, 2019 1:24 PM | Report Abuse

boost nicely written
Please argue that Catskill will create synergy with upcoming Legoland at Goshen, New York. It's also within 45 min away from Woodbury Premier outlet, which is a super popular tourist attraction for Asian

Posted by patient_invest > Aug 8, 2019 1:26 PM | Report Abuse

Empire's Catskill provide a good stop over, for tourist enroute from JFK airport to Niagara waterfall, at Buffalo.

It will greatly improve the overall travel experience for tourist, who need 7 hours by car to travel from JFK to Niagara.

Posted by patient_invest > Aug 8, 2019 1:30 PM | Report Abuse

New York city has very run-down hotel, limited mix of tourist offering. Despite having huge amount of tourist, NY did not have the budget to develop it.

GenM's investment in NYC raceno (RWNY) will improve that.
Now, when they buy over Empire. It will link up the RWNY with Empire's Catskill. So it's gambling all the way from Airport to Niagara fall

Posted by Jonathan Keung > Aug 9, 2019 8:22 AM | Report Abuse

the casinos business in downtown New York is different from Malaysian or HK set up. casino business is bad and tough in U.S.. do not expect the scenario to change

Posted by boostmy > Aug 9, 2019 9:33 AM | Report Abuse

Part 2:

https://klse.i3investor.com/blogs/boostmy/218784.jsp

Posted by patient_invest > Aug 9, 2019 11:07 AM | Report Abuse

Jonathan Las Vegas is not profitable because they are too many operators. There's less competition in NY, which is the world's Top financial hub. GenM is betting to attract the rich people. If you check on NY, it doesn't have many entertainment, unlike California.

Posted by smalltimer > Aug 12, 2019 12:51 AM |

Post removed. Why?