Empire Resorts Casino Player Points Program to Benefit Local Businesses

  Empire Resorts Casino Player Points Program to Benefit Local Businesses

Business Wire

MONTICELLO, N.Y. -- May 7, 2014

Empire Resorts, Inc. and its subsidiaries, (together with its subsidiaries,
“Empire”) (NASDAQ-GM:NYNY) today announced its intention to launch a casino
player points reward program, if granted a gaming facility license (“Gaming
Facility License”), that can be utilized by Empire’s guests at eligible local
community businesses in Sullivan County and the Catskills region of upstate
New York. Player points will be earned by guests at Empire’s casino --- to be
located at Adelaar -- the four-season, $750 million destination resort planned
for Sullivan County – and will be able to be redeemed at our player points
reward program partner businesses.

The Empire player points reward program will provide guests with the
opportunity to earn points for slot and table play, and if permitted by the
New York State Gaming Commission, guests will be rewarded for enjoying hotel,
dining, entertainment, and spa experiences at Empire’s Gaming Facility as
well. Empire intends for the player points to be redeemable at local
businesses throughout the county and region. If permitted, this program would
provide Empire’s valued guests the opportunity to experience the wide variety
of excellent and diverse entertainment, retail and hospitality options in
Sullivan County and the Catskills, while fostering economic growth for local
businesses.

“After decades operating in the Catskills and three years planning our Gaming
Facility development in Sullivan County, our commitment to the region is
unquestionable. This program will allow us to connect our guests to our
community in a measureable way,” said Empire’s CEO Joseph D’Amato. “Our casino
and the entire Adelaar destination resort will be part of the fabric of
Sullivan County and the region. We are looking forward to working with many
local business, and we are pleased to have this opportunity to externalize our
future success into our community. This program represents the first of
several significant steps we will take to maximize our positive impact in
Sullivan County and beyond.”

“Empire continues to show its unwavering support for the community of Sullivan
County” said Sullivan County Chamber of Commerce President Cathy Paty. “This
player points reward program that can benefit our local businesses is just
another example of their level of engagement. This program will be impactful
for local businesses, and is a great chance to showcase much of what our
County has to offer.”

Empire will be conducting an information seminar in the near future for local
community businesses in Sullivan County and the Catskills region of upstate
New York to explain how the program operates and how those businesses can
become a part of the Empire player points reward program.

Local business interested in being an Empire player points reward program
partner business should register their interest by sending an email to
communityoutreach@empireresorts.com.

Adelaar has in place essentially all of its approvals and permits to enable
Empire to commence construction immediately upon the awarding of a Gaming
Facility License to Empire. Such approvals and permits include zoning, master
development and environmental approvals for the destination resort, as well as
site plan, infrastructure and permits to commence and complete the
state-of-the-art casino and resort core, indoor waterpark hotel, and
renovation of the 18-hole Monster golf course.

In addition, the Town of Thompson Board (“Thompson Board”) recently voted in
favor of supporting Monticello Raceway Management, Inc.’s (“MRMI”) application
to the New York State Facility Location Board for a Gaming Facility License.
MRMI – which is a wholly-owned subsidiary of Empire – has signed a Labor Peace
Agreement with the New York Hotel and Motel Trades Council, and MRMI’s
construction manager has signed a Project Labor Agreement with the Hudson
Valley Building and Construction Trades Council.

About Empire Resorts

Empire Resorts owns and operates, through its subsidiary Monticello Raceway
Management, Inc., the Monticello Casino & Raceway, a harness racing track and
casino located in Monticello, New York, and is 90 miles from midtown
Manhattan. Further information is available atwww.empireresorts.com.

Cautionary Statement Regarding Forward Looking Information

This press release includes "forward-looking statements" intended to qualify
for the safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995.These statements include statements about our
plans, strategies, financial performance, prospects or future events and
involve known and unknown risks that are difficult to predict. As a result,
our actual results, performance or achievements may differ materially from
those expressed or implied by these forward-looking statements. In some cases,
you can identify forward-looking statements by the use of words such as "may,"
"could," "expect," "intend," "plan," "seek," "anticipate," "believe,"
"estimate," "predict," "potential," "continue," "likely," "will," "would" and
variations of these terms and similar expressions, or the negative of these
terms or similar expressions. Such forward-looking statements are necessarily
based upon estimates and assumptions that, while considered reasonable by
Empire and our management team, are inherently uncertain. Factors that may
cause actual results to differ materially from current expectations include,
among others, levels of spending in business and leisure segments as well as
consumer confidence; plans for signing and closing on definitive transaction
documents; the construction commencement date for the gaming facility;
relationships with associates and labor unions and changes in labor law; the
financial condition of, and our relationships with, third-party property
owners and hospitality venture partners; changes in the competitive
environment in our industry and the markets where we operate; the timing of
the receipt of regulatory and governmental approvals for the development
project, including the issuance of a Gaming Facility License to us; changes in
federal, state or local tax law; general volatility of the capital markets and
our ability to access the capital markets to secure necessary financing. A
more complete description of these risks and uncertainties can be found in our
filings with the U.S. Securities and Exchange Commission. We caution you not
to place undue reliance on any forward-looking statements, which are made as
of the date of this press release. We undertake no obligation to update
publicly any of these forward-looking statements to reflect actual results,
new information or future events, changes in assumptions or changes in other
factors affecting forward-looking statements, except to the extent required by
applicable laws. If we update one or more forward-looking statements, no
inference should be drawn that we will make additional updates with respect to
those or other forward-looking statements.

Contact:

Empire Resorts, Inc.
Charles Degliomini 845-807-0001
cdegliomini@empireresorts.com
 
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