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Yup. I tripled my position today at 1.20. Ready to rock. cost averaged from being down 90 percent to down 57 percent. I want to at least get up to 5 dollars and sell. hopefully, get to 20 dollars.
Great news today. Finally something to look forward to.
I bought in NYNY at around 10 dollars, a few months before spitz approved the Casino.
Almost sold in december for the tax write off. But, now I'm glad I didn't.
When you are down 90 percent, you can only go up, right? LOL
Hoping for good things this year.
Does Empire have anything to do with the proposed indian casino in the catskills? or are they just on board with capelli now?
Obama chose a new secretary of the interior, right? Can the off the reservation casino get appoved still? or is that done?
I am liking Verizon as a quick play for the rest of this week. Down 10 percent at one point today, very close to it's lows, gained back to be down around 7 percent.
Figuring on a dow pop tomorrow, and Verizon has been gaining and losing nicely with the Dow. Verizon is one of these days this week away from a nice 5 percent pop, maybe more
Apple was one of the up stocks today. Even though it did give back a some, in the last 15 minutes of the day it gained back strong to the close.
Everything was down today. The fact that Apple didn't go down is a good sign that if we get a nice pop tomorrow, Apple should move up nicely. At that point, would probably be a good time to sell though in my opinion.
wonder how long a lawsuit can take
Can't believe how well VZ is performing the last few months. 46 bucks a share now.
What do you guys think this stock will do over the next year? The street is really backing VZ now and sees the potential of the Video Fios rollout.
What is causing this massive drop in price? Is it a combination of the waiting game and all the trouble that Spitzer is in lately?
What do you guys think will happen here? Any upside in the short term?
Is the casino a sure thing, just not sure how long it will take? If I just wanted to hold, even for a year from now, do you guys think we are set here?
thanks
Can't believe we hit 41 today. Why such a big move up?
how high can we go in the short term?
Great statement from the annual report. Land into trust in the Near Future
"This year was one of significant progress for Empire Resorts," commented David Hanlon, CEO and president. "In the past twelve months, we saw our Monticello operations post record revenue even as we took the final steps towards building a world-class casino in the Catskills with our partners, the St. Regis Mohawks. At the end of 2006, the Department of the Interior finally issued a Finding of No Significant Impact, or FONSI, regarding this monumental endeavor, and, more recently, Governor Spitzer gave his concurrence to move forward while also approving the Tribal-State Compact Amendment, authorizing gaming at Monticello. We now await a decision regarding putting our land into trust, and we are optimistic that this will take place in the near future.
"Empire Resorts looks forward to the day when we can announce the groundbreaking for the St. Regis Mohawk casino, a premier resort that will create 11,000 jobs and bring a competitive level of gaming to New York state. We appreciate the ongoing efforts of Governor Spitzer and other elected officials in supporting this economic growth engine for the Catskills. While we prepare for the casino development, we continue to work to improve our current Monticello operations and have undertaken new marketing initiatives to retain our standing in the region; at the same time, we look towards potential gaming opportunities outside of New York - all of which positions us for sustained growth in the years ahead."
ah, that site is great, I'm posting there for now on, thanks
1:00 PM, about to push a new 52 week high
can't believe with a day like today, nobody is posting on this
Huge article in daily news, and cover story. People are reading now and wondering if there are any public stocks attached to the story. How high can we climb today?
Governor Spitzer Grants Concurrence for St. Regis Mohawk Casino
Tuesday February 20, 8:00 am ET
Also Signs Compact with Tribe Authorizing Gaming at Raceway Site
LAS VEGAS--(BUSINESS WIRE)--Empire Resorts, Inc. (NASDAQ: NYNY - News) today announced that Governor Eliot Spitzer issued his concurrence with regard to the April 2000 Secretarial Determination which found that gaming in Sullivan County by the St. Regis Mohawk Tribe would be in the Tribe's and its members' best interest and would not be detrimental to the surrounding communities. A concurrence by the governor of a state where gaming is to occur is required by the Indian Gaming Regulatory Act of 1988 (IGRA.) In addition to the concurrence, Governor Spitzer also signed the Tribal-State Compact Amendment, authorizing gaming in Sullivan County and, specifically, at the Monticello site where the Tribe intends to build a Class III casino.
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"We thank Governor Spitzer for his quick action and applaud his vision for bringing jobs and development to the upstate New York economy and Sullivan County," declared David P. Hanlon, Empire's President and CEO. "With this monumental achievement behind us, we look forward to having the land put into trust for our partners, the St. Regis Mohawks, after which we will lay out a timeframe for construction of a world-class casino. We appreciate the patience of our customers, our investors, and the community and are excited about the prospect of bringing prosperity to the Catskills - where a St. Regis Mohawk Casino will mean thousands of new jobs and a new beginning for years to come."
Both the concurrence and the Compact Amendment will be forwarded to the U.S. Department of the Interior for review and further action. The concurrence is the final step in the IGRA Section 20 process. The Department can now begin its final administrative review so that the Secretary can determine whether to accept title to the Monticello site in trust for the benefit of the Tribe and development of a Class III gaming facility. Under current policy, the Department will have 45 days to approve or disapprove of the Compact Amendment after the Monticello land is put in trust.
About Empire Resorts, Inc.
Empire operates the Monticello Raceway and is involved in the development of other legal gaming venues in New York. Empire opened Mighty M Gaming at the Raceway site on June 30, 2004. This facility features over 1,500 video gaming machines and amenities such as a 350-seat buffet and live entertainment. Empire is also working to develop a $500 million "Class III" Native American casino and resort on a site adjacent to the Raceway and other gaming and non-gaming resort projects in the Catskills region and other areas.
Statements in this press release regarding the company's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties, including the need for regulatory approvals, financing and successful completion of construction. The company wishes to caution readers not to place undue reliance on such forward-looking statements, which statements are made pursuant to the Private Securities Litigation Reform Act of 1994, and as such, speak only as of the date made. To the extent the content of this press release includes forward-looking statements, they involve various risks and uncertainties including (i) the risk that the various approvals necessary as described herein and other approvals required to be obtained from the United States Congress, the Bureau of Indian Affairs, the National Indian Gaming Regulatory Commission, the Governor of the State of New York and various other federal, State and local governmental entities are not received, (ii) the risk that financing necessary for the proposed programs or projects may not be able to be obtained because of credit factors, market conditions or other contingencies, (iii) the risk that sovereign Native American governments may exercise certain broad rights with regard to termination of its agreements with the company (iv) the risk of non-compliance by various counterparties of the related agreements, and (v) general risks affecting the company as described from time to time in it's reports filed with the Securities and Exchange Commission. For a full discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the company's Annual Report or Form 10-K for the most recently ended fiscal year.
holy sh*t. 25 percent in pre market at 8am. today might be interesting
Heard Spitzer approved the casino on NPR today. Are we flying today?
I can't believe how this stock is performing. Too bad I transferred my shares in Verizon stock after the ipo. oh well
great, thanks for the quck summary
would you say we are one big announcement from this stock taking off?
What would be the best thing and the worst thing that can happen here?
17 would be very nice, I wouldn't mind sticking around for more if possible though. this stock has potential
I'm we will be sitting tight for a long time. Looking for at least a 2 bagger, hopefully more.
huge swings yesterday, we were up 64 cents at one point, and ended up down a bit
great day today, until the end. Oh well, I'm long anyway
why is everybody so quiet? huge gains today
Up 22 cents in pre market? news?
lower today, but almost made it all back aftermarket. any reason why the upswing after the bell?
Ok, I loaded up, ready for the ride.
any idea on time from for the casino to be open? Is it really a done deal already?
Hello everybody. Was tipped off to this stock when it was 7 bucks, and didn't act. Now I'm pissed and buying tommorrow. IMO, sky is the limit with this one. Just wish I got in earlier.
What is the good word?
Great day today, pushing to that 40 mark really soon
Very nice find
we will be blowing past 40 dollars in the upcoming months
can't wait to see how the year plays out
what do you think are the chances of seeing 5 or 6 dollar this year?
Is this good or bad? ha
Plus digital is super easy to share, where tape is not
back in the day, the copy you made wasn't as good as the original. now, with everything digital, it is a perfect copy and it is too easy to share it.
the way I see it, the record companies have been raping us for years with 17 dollar CD's, now it's time for payback
Great news. What a crazy week we are having.....
http://www.thestreet.com/_yahoo/newsanalysis/techgames/10333347.html?cm_ven=YAHOO&cm_cat=FRE...
FCC Flip Stokes Sirius
By Scott Moritz
Senior Writer
1/18/2007 4:02 PM EST
Click here for more stories by Scott Moritz
On Wednesday it was no. On Thursday it was maybe.
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One day after a top regulator pointed out that rules prohibit a merger of Sirius (SIRI - commentary - Cramer's Take - Rating) and XM (XMSR - commentary - Cramer's Take - Rating), Federal Communications Commission chief Kevin Martin says those rules could be rewritten, according to Reuters.
Both satellite radio shops jumped Thursday afternoon on word of the FCC's newly malleable stance on a potential tie-up between the only two pay radio services.
The news comes after Martin was quoted Wednesday by Bloomberg saying that existing licensing regulations prohibit a single owner's controlling the two satellite radio operations. That pronouncement crushed speculation that Sirius and XM could soon combine, and the shares fell 7%.
Interviewed Thursday by Reuters, Martin said he wasn't aware of any request to change the rules.
Subscriber growth has cooled for the sector, and controlling costs has become a critical issue among investors. Sirius CEO Mel Karmazin has said he believes consolidation, in general, creates value. He has not ruled out a deal with rival XM and said last month that he believes a merger is a "possibility" from a regulatory standpoint.
Industry observers say that politically, the deal has a better chance of getting done sooner rather than later. The FCC, which is currently made up of three Republicans and two Democrats, has been friendly to mergers. If a Democrat wins the 2008 presidential election, observers say the composition of the FCC could change and deals could face higher hurdles.
Something positive after the selloff.....
Ahead of the Bell: Sirius, XM Satellite
Thursday January 18, 9:03 am ET
Sirius, XM Satellite Merger Still Possible Despite FCC Chairman Comments, Analysts Say
NEW YORK (AP) -- Analysts on Thursday said investors overreacted to comments from a regulatory official on the possibility of a merger between satellite radio operators Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc.
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Ahead of the bell, shares of Sirius added a penny at $3.87 in premarket trading, and XM Satellite was unchanged from Wednesday's close of $15.45.
On Wednesday, shares of both rivals fell after the chairman of the Federal Communications Commission noted rules forbid a merger between two holders of broadcast licenses. Shares of both companies recently rallied on rumors of a potential merger, which could result in significant cost savings.
Bear Stearns analyst Robert S. Peck in a client note lifted his rating on Sirius to "Peer Perform" from "Underperform," saying he thinks merger speculation will likely continue to boost shares.
Peck said the sell-off was overdone, since Chairman Kevin Martin was simply acknowledging already existing information, not sharing an opinion on a potential merger. Citigroup analyst Eileen Furukawa had similar comments in a separate client note.
"In our view, Chairman Martin was simply reiterating a widely known fact, and not necessarily indicating which way he would lean should a merger ever be attempted," wrote Furukawa. She has Furukawa has a "Buy" ratings on both XM Satellite and Sirius.
However, both analysts acknowledged that regulatory issues would need to be overcome if there is merger.
"We underscore there are significant hurdles for Sirius and XM to overcome should they pursue a merger," wrote Peck. "However, we believe the short term movement of Sirius' stock price will be more impacted by the mere pursuit of a merger, should they attempt one."
Today was a real bad day. Hope we get some new buyers in at the lower price