International edition
June 22, 2021

And relocates Las Vegas headquarters

Empire Resorts implements cost cutting program

(US).- Empire Resorts announced that it continues to implement its cost cutting program and is relocating its Las Vegas, NV headquarters to New York. The company also announced its Board of Directors has accepted the resignation of its President, CEO and Director David P. Hanlon, effective immediately.

&

nbsp;      
Chief Financial Officer Ronald Radcliffe has also tendered his resignation, effective June 30, 2009. With the relocation of its Las Vegas headquarters, Hanlon and Radcliffe’s resignations, and the implementation of other cost-cutting measures the company expects to realize several million dollars a year as a result of significant savings in corporate payroll and other operational overhead.

The Empire Resorts Board of Directors thanked Hanlon and Radcliffe for their tenures as CEO and CFO and wished them well in their future endeavors. The company will be led by a special committee of the Board and Eric Reehl, its Chief Restructuring Officer, as it implements changes to maximize revenue and stakeholder value.

The Board plans to explore a full range of options as it considers Hanlon’s and Radcliff’s successors.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook