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Empire Resorts Strengthens Board Of Directors With The Appointment Of Gregg Polle

Empire Resorts, Inc., (NASDAQ: NYNY) today announced that Gregg Polle has joined its board of directors. From 1983 until November 2008 Mr. Polle served as an investment banker with Citigroup Inc. and its predecessors Salomon Brothers and Salomon Smith Barney. He most recently was the head of the global industrial group at Citigroup and previously was the co-head of Citigroup’s global mergers and acquisitions group.

“We are very fortunate and excited to have someone of Gregg’s caliber join our board of directors,” said Empire Resorts chairman of the board Emanuel Pearlman. “Given his distinguished career as an investment banker, and his continued involvement in capital markets, the appointment of Gregg Polle as a director will add a new dimension to our already actively engaged board.”

A private investor since 2008, Mr. Polle’s investment banking experience spans 25 years, during which time he helped advise numerous companies on a diverse and in-depth variety of corporate finance issues, performed complex financial advisory activities, including mergers and acquisitions, capital raising and valuation assignments.

Mr. Polle was elected to a three year term at the Company’s December 28, 2010 annual meeting of shareholders and is a Class I independent director. He will serve as Chairman of the Company’s Audit Committee.

Empire Resorts’ CEO Joseph D’Amato concluded, “Gregg Polle brings a new level of financial expertise to the Company. We look forward to benefitting from the insight that he will provide to help us achieve our long-term strategic objectives.”

Mr. Polle holds a B.S. in Economics from the Wharton School of the University of Pennsylvania.

About Empire Resorts

Empire Resorts owns and operates the Monticello Casino & Raceway, a harness racing track and casino located in Monticello, New York, and 90 miles from midtown Manhattan. For additional information, please visit www.empireresorts.com.

Cautionary Statement Regarding Forward Looking Information

Statements in this press release regarding the Company’s business that are not historical facts are “forward-looking statements” that may involve material risks and uncertainties. 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. For a full discussion of 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 on Form 10-K for the most recently ended fiscal year, as amended, as well as the Company’s Quarterly Report on Form 10-Q for the most recently ended fiscal quarter.



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