![]() According to an SEC filing by the publicly-traded company, the $1 billion casino in Monticello suffered operating losses of $73.5 million through the end of June. The casino’s largest shareholder, the Genting Group, has put forward a proposal to buy out the remaining shares of the company from the parent company Empire Resorts. The company is seriously considering claiming bankruptcy in an effort to square away its debts. According to the report, the Resorts World Catskills was hit with a $36 million loss in the last quarter. The largest upstate casino in New York is reportedly on the verge of bankruptcy following a couple of years in which it was unable to generate profits. Resorts World Catskills On Verge Of Bankruptcy ![]() Can the Resorts World Catskills still be saved? ![]() This week’s casino news starts us of in upstate New York where one of the most lavish, innovative casinos is on the verge of bankruptcy.
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