Empire Resorts (NYNY)

[246246]

You aguys are missing the point here! You dont buy it after the law changes...you buy it way ahead of the law change!

If you are wondering whether or not to buy, you have to do your dd and decide how likely it is that NYS will push second passage of the bill after elections in November. If that happens the stock will be ALOT higher than it is now. Look at the chart from last year leading up to 1st passage....$1.50 to $3.00 very quickly in advance of the vote. What do you think 2nd passage is worth? These are the relevant questions. There are also wild cards that could move the stock like environmental approvals for concord casino, financing, mster developemnt agreement etc...

All I know is it cant go lower than liquidation value (which is close) given they have zero debt now...and sky is the limit if the publci gets to vote on it next november. Stock was $30 pre-split when they had $65 million in debt and no casino bill on the table....

good luck!