Business Wire -- Empire Resorts, Inc (NASDAQ: NYNY) announced today that the Company had appointed Mr. Eric Reehl as Chief Restructuring Officer. Mr. Reehl’s primary function will be to negotiate a restructuring of the Company’s outstanding secured debt obligations with representatives of the Company’s note holders, who hold $65 million in convertible notes, and Bank of Scotland, which holds approximately $7.5 million in a revolving first mortgage credit facility.
