Empire Resorts up 12% after approval for $1B gaming resort

Empire Resorts, Inc. (Nasdaq:NYNY) shares rose 12% after the company announced early Wednesday that New York state had approved the development of a $1 billion gaming resort in Sullivan County, NY. The Henderson, Nev.-based hospitality and gaming company plans to open the new resort in the next two years, with construction beginning in July.

Empire shares were trading at $3.68 just after the bell.

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