Empire Resorts Revenue and Competitors

Empire Resorts, Inc (Nasdaq: NYNY) is involved in the operations and development of gaming activities authorized by federal or state law to be operated in New York. It currently operates Monticello Raceway, a harness track in the Catskills area of New York, and is working to develop it into a multi-dimensional gaming resort, including horse racing, video gaming machines and a Native American-owned casino called the Cayuga Catskill Resort. The New York State Lottery has approved the Racetrack, to be named Mighty M Gaming at Monticello Raceway, as a site for the installation of 1,800 video gaming machines (VGM). Construction is underway for the VGM facilities, which are expected to open in the summer of 2004. The Cayuga Nation, our partner in the development of the Cayuga Catskill Resort – a major Las Vegas style gaming complex is currently awaiting approval of its application by the Bureau of Indian Affairs (BIA), for its request to obtain a site adjacent to the Raceway for the Cayuga Catskill Resort.