NYNY Empire Resorts Inc

Empire Resorts, Inc. (NASDAQ: NYNY), owner and operator of Mighty M Gaming, located just 90 minutes from New York City, today announced the installation of its first video gaming progressive jackpot machines. The arrival of progressive jackpot machines make this popular Catskill gaming destination the third New York based gaming facility to offer these exciting games. Eleanor Lederman of Monticello, a frequent visitor, became the first Mighty M Gaming patron to play IGT's new Spam progressive machine. The Spam game is one of the latest additions to the Mighty M Gaming's VGM gaming floor. "This game offers the customer any wagering combinations from $0.02 to $2.50 with wagering on twenty-five line combinations and, of course, an ever increasing top jackpot," said Dave Hanlon, CEO and president of Empire Resorts, Inc, owner and operator of the Monticello Raceway and Mighty M Gaming at Monticello Raceway. "The racino's customers have been asking for progressive machines since our opening day a year ago and we are thrilled that IGT has invested into the necessary design and engineering to begin meeting that demand," Hanlon said. Mighty M Gaming is located in Monticello, N.Y. In addition to over 1,700 video gaming machines, the facility also offers a 350-seat buffet, food court and the Lava Lounge with live entertainment. Mighty M Gaming is open daily from 10 a.m. until 2 a.m. About Empire Resorts, Inc. Empire operates the Monticello Raceway and is involved in the development of other legal gaming venues in New York. Empire opened Mighty M Gaming at the Raceway site on June 30, 2004. This facility features over 1,700 video gaming machines and amenities such as a 350-seat buffet and live nightly entertainment. Together with the Cayuga Nation of New York, Empire has also announced plans to develop a $500 million "Class III" Native American casino and resort on a site adjacent to the Raceway, and the company is also working to develop other gaming and non-gaming resort projects in the Catskill's region. 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 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 various approvals necessary as described herein and other approvals required to be obtained from the United States Congress, the Bureau of Indian Affairs, the National Indian Gaming Regulatory Commission, the Governor of the State of New York and various other federal, State and local governmental entities are not received, (ii) the risk that financing necessary for the proposed programs or projects may not be able to be obtained because of credit factors, market conditions or other contingencies, (iii) the risk that sovereign Native American governments may exercise certain broad rights with regard to termination of its agreements with the company (iv) the risk of non-compliance by various counterparties of the related agreements, and (v) 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.