Edmund Marinucci - Empire Resorts Director

Director

Mr. Edmund Marinucci is Independent Director of the company. Mr. Marinucci was a partner at PCH Hotels, LLC, a boutique hotel and resort operator based in San Francisco that is an operating division of Pacific Union Company since 1983. From October 1983 to December 2008, Mr. Marinucci served as President of PCH Hotels, LLC. During his tenure as President, PCH Hotels owned and managed properties in the U.S. and the Caribbean. Such properties included Meadowood Resort, Windermere Island Club, Divi Resorts, Downtown Athletic Club, Frangipani Resort and Marriott Resort . During his presidency of PCH Hotels, he oversaw the groundup development of The Hotel Griffon and the renovation and repositioning of the Drisco Hotel . Prior to PCH Hotels, Mr. Marinucci served as Director of Development for HCP HotelsAston Resorts in Hawaii. In such position, Mr. Marinucci oversaw all development aspects of the hotel group and grew inventory from 15 to 20 hotel resorts. From 1978 to 1981, Mr. Marinucci served as Director of Resort Operations for Kapalua Resort Maui in Hawaii. While at Kapalua Resort Maui, Mr. Marinucci was responsible for the daily operations of the resort, including the Kapalua Bay Hotel, 150 rental villas, two golf courses, The Bay and The Village. He currently serves on the Board of Directors of The Dominick, a fivestar boutique hotel located in Soho in New York City. Mr. Marinucci previously served on the Board of Directors of Jameson InnsColony Capital, a private hotel and resort company, and from November 2009 to January 2018, he served on the Board of Directors of Miami JV Member LLC, an investor in a private hotel and resort company known as the Fountainbleu. Mr. Marinucci is a member of The Cornell Hotel Society since 2014.
Age 68
Tenure 10 years
Phone845 807-0001
Webwww.empireresorts.com
Marinucci received a BS in Hotel Administration from the Cornell University School of Hotel Administration.

Empire Resorts Management Efficiency

The company has return on total asset (ROA) of (0.205) % which means that it has lost $0.205 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.5575) %, meaning that it created substantial loss on money invested by shareholders. Empire Resorts' management efficiency ratios could be used to measure how well Empire Resorts manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 635.66 M in liabilities with Debt to Equity (D/E) ratio of 350.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Empire Resorts has a current ratio of 0.54, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Empire Resorts until it has trouble settling it off, either with new capital or with free cash flow. So, Empire Resorts' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Empire Resorts sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Empire to invest in growth at high rates of return. When we think about Empire Resorts' use of debt, we should always consider it together with cash and equity.

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Empire Resorts, Inc. engages in hospitality and gaming businesses in New York. Empire Resorts, Inc. is a former subsidiary of Kien Huat Realty III Limited. Empire Resorts operates under Resorts Casinos classification in USA and is traded on NASDAQ General Markets. It employs 1756 people. Empire Resorts (NYNY) is traded on NASDAQ Exchange in USA and employs 1,756 people.

Management Performance

Empire Resorts Leadership Team

Elected by the shareholders, the Empire Resorts' board of directors comprises two types of representatives: Empire Resorts inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Empire. The board's role is to monitor Empire Resorts' management team and ensure that shareholders' interests are well served. Empire Resorts' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Empire Resorts' outside directors are responsible for providing unbiased perspectives on the board's policies.
Joseph DAmato, CEO and Director
Jamie Sanko, Chief Accounting Officer
Ewe Gerard, Independent Director
Nanette Horner, Chief Counsel, Chief Compliance Officer, Executive VP and Secretary
James Simon, Lead Independent Director
Keith Horn, Director
Gregg Polle, Independent Director
Charles Degliomini, Executive VP of Gov.al Affairs and Corporate Communications
Nancy Palumbo, Independent Director
Emanuel Pearlman, Independent Chairman of the Board
Edmund Marinucci, Director
Kevin Kline, COO
Ryan Eller, President CEO
Laurette Pitts, COO, CFO and Executive VP

Empire Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Empire Resorts a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Consideration for investing in Empire Stock

If you are still planning to invest in Empire Resorts check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Empire Resorts' history and understand the potential risks before investing.
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