Empire Resorts Teams with Delaware North Companies to Boost Revenue at The Monticello Casino & Raceway

MONTICELLO, N.Y.--(Business Wire)--
Empire Resorts, Inc. (NASDAQ: NYNY) and Delaware North Companies announced today
that the Company is teaming up with Delaware North Companies under a multi-year
management agreement that will provide strategic advisory, marketing, and
management services for the Company`s gaming and racing operations at Monticello
Casino & Raceway. This alliance with Delaware North is the latest move by Empire
Resorts to restructure operations, improve profitability, and determine the
maximum potential for its existing operations and assets at the 230-acre Raceway
property. As part of the agreement, Delaware North may provide capital for
strategic growth and capital investment opportunities.

"Delaware North is the `gold standard` in racino operations," said Empire
Resorts Senior Vice President Charles Degliomini. "All of their facilities have
been spectacular successes. We are confident that they will help Monticello
Casino & Raceway move to the next level in terms of both customer appeal and
overall profitability."

William Bissett, President of Delaware North`s Gaming and Entertainment Group,
added, "Monticello Casino & Raceway faces some unique competitive challenges,
but has tremendous promise. We look forward to implementing changes that will
help the Company realize its full potential as a premier gaming and
entertainment destination in the Catskills."

The two companies have executed a Letter of Intent under which Delaware North
executives will conduct a comprehensive review of the Company`s operations, with
the goal of increasing visitation, enhancing customer services, and increasing
play at the facility. Monticello Raceway Management, Inc. is the Company`s
gaming subsidiary and owner of the 230 acres that make up the Monticello Casino
& Raceway property.

About Delaware North Companies

Delaware North Companies is one of the world`s leading hospitality and food
service providers. The company is one of the largest and most admired privately
held companies in the United States with revenues exceeding $2 billion annually
and 50,000 associates serving half a billion customers in the United States,
Canada, the United Kingdom, Australia and New Zealand. Delaware North`s Gaming
and Entertainment Group is regarded as the leading operator of gaming operations
of racing facilities in the Northeast. Delaware North oversees gaming and racing
destinations around the country, including locations in New York, Arizona,
Florida, West Virginia and Arkansas. The Company`s New York racing operations
include Finger Lakes Raceway in Farmington, N.Y., and Fairgrounds Raceway in
Hamburg, N.Y. In 2004, the Company became the first operator of video lottery
terminals (VLTs) in New York, at Saratoga Gaming and Raceway in Saratoga, N.Y.
For additional information on Delaware North Companies, please visit
www.delawarenorth.com.

About Empire Resorts

Empire Resorts owns and operates Monticello Casino & Raceway, a harness racing
facility in Sullivan County with over 1,500 video gaming machines, as well as
dining and other amenities. It is involved with Concord Associates, LLC in the
proposed Concord Hotel & Resort, planned as a major gaming and destination
resort in the Catskills. www.empireresorts.com.

Statements in this press release regarding the company's business that are not
historical facts are "forward-looking statements" that involve risks and
uncertainties, including the need for regulatory and contractual approvals,
financing and successful completion of construction. The company wishes to
caution readers not to place undue reliance on such forward-looking statements,
which statements are made pursuant to the Private Securities Litigation Reform
Act of 1994, and as such, speak only as of the date made. To the extent the
content of this press release includes forward-looking statements, they involve
various risks and uncertainties including (i) the risk that the Company`s
agreement with Concord Associates is not closed; (ii) the risk that financing
necessary for the proposed project may not be able to be obtained because of
credit factors, market conditions or other contingencies, (iii) the risk that
regulatory or contractual approvals are not obtained, (iv) the risk of
non-compliance by various counterparties of the related agreements, and (iv)
general risks affecting the company as described from time to time in it's
reports filed with the Securities and Exchange Commission. For a full discussion
of such risks and uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see "Risk Factors" in the
company's Annual Report or Form 10-K for the most recently ended fiscal year.

Empire Resorts
Charles A. Degliomini, 845-807-0001
Senior V.P.
or
Investor:
Lippert/Heilshorn & Associates, Inc
Jody Burfening, 212-838-3777
jburfening@lhai.com

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