Empire Resorts and Montreign close on $500 million construction loan

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Montreign construction camera – Tuesday

TOWN OF THOMPSON – Montreign Operating Company, a subsidiary of Empire Resorts, announced that it closed on a $500 million construction loan.
Work continues to build the Hudson Valley and Catskills only state-approved casino-resort in the Town of Thompson, which is expected to be completed in a little over a year.
“This marks a very major milestone after decades of dashed hopes,” said Charles Degliomini, executive vice president of Empire Resorts. “There’s no stopping us now and already our 1.5 million square foot resort casino and 18-story hotel tower is rising above the tree line.”
He said that, “Given we will be a luxury resort destination, when international travelers, as well as US guests come visit us when open in March of 2018, they are going to be totally awestruck.”
Degliomini said to borrow a phrase “from my favorite philosopher – Frank Sinatra, ‘The best is yet to come’,”  




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