sec document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 19, 2007
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EMPIRE RESORTS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 001-12522 13-3714474
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(State or other (Commission (IRS Employer
jurisdiction File Number) Identification No.)
of incorporation)
701 N. Green Valley Parkway, Suite 200, Henderson, NV 89074
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (702) 990-3355
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N/A
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (SEE General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. OTHER EVENTS.
On February 19, 2007, New York Governor Eliot Spitzer issued his
concurrence with regard to the April 2000 Secretarial Determination which found
that gaming in Sullivan County by Empire Resorts, Inc.'s partner, the St. Regis
Mohawk Tribe (the "Tribe") would be in the Tribe's and its members' best
interest and would not be detrimental to the surrounding communities. In
addition to the concurrence, Governor Spitzer also signed an amendment to the
gaming compact between the Tribe and New York State pursuant to which New York
State would receive 20 percent of slot-machine revenues for the first two years
after the Tribe's Class III casino to be located at Monticello Raceway opens, 23
percent for the next two years and 25 percent thereafter. The U.S. Department of
the Interior can now begin its final administrative review so that the Secretary
of the Interior can determine whether to approve the request of the Tribe to
take 29.31 acres into trust for the purpose of building a Class III gaming
facility to be located at Monticello Raceway, in accordance with the Indian
Gaming Regulatory Act of 1988
On February 20, 2007, Empire Resorts, Inc. issued a press release, a copy
of which is attached hereto as EXHIBIT 99.1, with respect to the announcement by
New York Governor Eliot Spitzer.
Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit No. Exhibits
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99.1 Press Release of Empire Resorts, Inc. dated February 20, 2007.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EMPIRE RESORTS, INC.
Dated: February 20, 2007 By: /s/ Ronald J. Radcliffe
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Name: Ronald J. Radcliffe
Title: Chief Financial Officer