Nasdaq warns it might delist Empire Resorts
By Victor Whitman
MONTICELLO — Empire Resorts has been put on notice by Nasdaq that it has to get its stock price up or it might be delisted from the stock exchange.
The owner of the Monticello Casino & Raceway was informed on Feb. 14 that the company doesn’t comply with Nasdaq’s minimum price, as its common stock had fallen below $1 per share for 30 consecutive days.
The company must meet or exceed the $1 per share price for a minimum of 10 consecutive business days prior to Aug. 15 to avoid delisting. Empire closed Friday at 79 cents a share.
The company, which announced recently it has no further plans to chase Indian casinos, has been shopping a proposal in Albany to obtain a bigger slice of its video lottery terminal monies to finance a 200-room hotel and other projects on its property in Monticello.
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