Laurette Pitts - Empire Resorts COO, CFO and Executive VP

COO

Ms. Laurette J. Pitts is no longer a Chief Financial Officer, Executive Vice President of Empire Resorts Inc., effective December 4, 2017. Laurette J. Pitts has served as the Chief Financial Officer of the Company since December 2010. In August 2011, Ms. Pitts was promoted to Senior Vice President and Chief Financial Officer and in August 2012, she was promoted to Senior Vice President, Chief Operating Officer and Chief Financial Officer and, effective July 1, 2014, she was promoted to Executive Vice President, Chief Operating Officer and Chief Financial Officer
Age 47
Phone845 807-0001
Webwww.empireresorts.com
Pitts has served in various capacities in the gaming industry since 1992. Prior to her employment with the Company, Ms. Pitts most recently served from December 2008 until December 2010 as regional vice president of finance and administration for American Racing and Entertainment, LLC, a private company that owns and operates horseracing, resort, and gaming facilities, including Tioga Downs and Vernon Downs. She previously served as chief financial officer for Mohegan Sun at Pocono Downs, a gaming and entertainment facility owned by the Mohegan Tribe of Indians of Connecticut, from April 2005 until November 2008.

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.

Similar Executives

Found 1 records

COO Age

Thomas HandleyEcolab Inc
62
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Empire Resorts in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Empire Resorts' short interest history, or implied volatility extrapolated from Empire Resorts options trading.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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.
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Commodity Directory
Find actively traded commodities issued by global exchanges
Equity Valuation
Check real value of public entities based on technical and fundamental data
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years