Empire Asks KPMG Corporate Finance to Secure Additional Capital
JUNE 8, 2009 - Empire Resorts, Inc. (NASDAQ: NYNY) announced today that the Company has retained KPMG Corporate Finance LLC to assist the Company to secure additional capital to execute its business plan and to evaluate its strategic alternatives. The Company recently entered into an extension with the Bank of Scotland on a $10 million credit facility and is in continuing discussions with the holders of the Company's $65 million Convertible Bond Issue.
KPMG's Corporate Finance practice has more than 2,200 investment banking professionals worldwide focused on corporate finance and strategic alternatives, with offices in 62 countries, including nine in the United States. KPMG's Corporate Finance practice has been an industry leader in the number of transactions completed annually, averaging 400 transactions a year over the past five years, and in 2008 completed 390 transactions aggregating over $50 billion. The engagement is led on behalf of KPMG Corporate Finance LLC by Lorie Beers, Managing Director with the Special Situations Advisory Group, in New York City.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
