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Empire Resorts Announces Departure of Vice Chairman |
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Empire Resorts, Inc. (NASDAQ: NYNY) announced that effective immediately Robert A. Berman, the company's vice chairman and director, has resigned in order to spend more time on family affairs due to the untimely death of his brother Philip Berman, a former Empire executive who recently passed away at the age of 49. |
While no replacement has yet been announced, the board will retain its current composition of eight seats.
David P. Hanlon, CEO and president of Empire Resorts, stated, "Robert Berman has been a member of Empire's board since 2002, and we sincerely regret his decision to step down at this time, while understanding his reason for doing so. During his years with Empire, including his tenure as CEO, he has been a resourceful and prudent leader who was instrumental in transforming the company into the New York gaming destination it is today. Robert was personally responsible for bringing the concept of trust land Native American gaming to New York and establishing the Mighty M Gaming complex that has proven so successful since its introduction in 2004. We will miss him and wish him well. The board joins me in thanking Robert for his dedicated service these many years on behalf of the company and its shareholders."
Robert A. Berman, vice chairman, added, "My years at Empire have been extremely satisfying and this decision is not one easily made, but I must attend to important family business. I see this company growing into a leader in gaming and resort entertainment. I believe that the management team that is now in place can take Empire to the next level, and I remain steadfast in my support for the company's vision."
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