UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Rule 13d-1(a)
Under the Securities Exchange Act of 1934
(Amendment No.1)*
Empire Resorts, Inc.
-------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value per share
--------------------------------------
(Title of Class of Securities)
292052-10-7
--------------------------------------
(CUSIP Number)
Maurice Dabbah
4, Rue du Mont Blanc
1201 Geneva-Switzerland
4122-732-3501
-------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Maureen W. McCarthy, Esq.
Patterson, Belknap, Webb & Tyler LLP
1133 Avenue of the Americas
New York, New York 10036
(212) 336-2000
May 28, 2004
-------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
Schedule because of section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the Schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 7
----------------------------------------------
CUSIP No. 292052-10-7
----------------------------------------------------------------------------
1. NAMES OF REPORTING PERSON:
Maurice Dabbah
----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
----------------------------------------------------------------------------
3. SEC USE ONLY
----------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Switzerland
-----------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF -0-
SHARES --------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 2,006,292
EACH --------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH -0-
--------------------------------------------------------
10. SHARED DISPOSITIVE POWER
2,006,292
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON*
2,006,292
-----------------------------------------------------------------------------
12. CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7%
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
-----------------------------------------------------------------------------
* The Reporting Person disclaims beneficial ownership of shares not held in his
name except to the extent of his pecuniary interest therein.
Page 2 of 7
----------------------------------------------
CUSIP No. 292052-10-7
----------------------------------------------------------------------------
1. NAMES OF REPORTING PERSON:
Monticello Realty L.L.C.
----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
----------------------------------------------------------------------------
3. SEC USE ONLY
----------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF -0-
SHARES --------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 2,006,292
EACH --------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH -0-
--------------------------------------------------------
10. SHARED DISPOSITIVE POWER
2,006,292
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON*
2,006,292
-----------------------------------------------------------------------------
12. CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7%
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
-----------------------------------------------------------------------------
Page 3 of 7
----------------------------------------------
CUSIP No. 292052-10-7
----------------------------------------------------------------------------
1. NAMES OF REPORTING PERSON:
Manhattan Development Corporation
----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
----------------------------------------------------------------------------
3. SEC USE ONLY
----------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
-----------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF -0-
SHARES --------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 2,006,292
EACH --------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH -0-
--------------------------------------------------------
10. SHARED DISPOSITIVE POWER
2,006,292
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON*
2,006,292
-----------------------------------------------------------------------------
12. CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7%
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
-----------------------------------------------------------------------------
* The Reporting Person disclaims beneficial ownership of shares not held in his
name except to the extent of his pecuniary interest therein.
Page 4 of 7
AMENDMENT NO.1
TO
SCHEDULE 13D
This Amendment No. 1 is filed in accordance with Rule 13d-2 of the
Securities Exchange Act of 1934, as amended, by the Reporting Persons and refers
only to information which has materially changed since the filing of the
original Schedule 13D by the Reporting Persons on January 21, 2004. The items
identified below, or the particular paragraphs of such items which are
identified below, are amended as set forth below. Capitalized terms not
otherwise defined herein have the meanings ascribed to them in the original
Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the original Schedule 13D is hereby amended in its entirety, as
follows:
(a) The foregoing is based upon 26,037,968 shares of the Common
Stock outstanding on May 14, 2004, as set forth in the Company's Form 10-QSB
filed on May 17, 2004. As discussed more fully in Item 5(b) below, the LLC, MDC
and Maurice Dabbah beneficially own 2,006,292 shares of Common Stock,
representing 7.7% of the class.
(b) On April 12, 2004, the LLC transferred 220,000 shares of the
Common Stock held by the LLC to certain of its members. On May 28, 2004, the LLC
transferred 3,505,969 shares of the Common Stock held by the LLC to certain of
its members. The LLC holds 2,006,292 shares of the Common Stock. MDC is the
Manager of the LLC and Maurice Dabbah is the President and sole stockholder of
MDC. As a result, each of the Reporting Persons has shared power to vote and
shared power to dispose or to direct the disposition of all 2,006,292 shares of
the Common Stock held by the LLC.
(c) Except for the transactions described in this Amendment No.1 to
Schedule 13D, no transactions were effected by the Reporting Persons in the
Common Stock during the 60 days preceding the date hereof.
(d) NA
(e) NA
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1. Contribution Agreement, dated as of December 12, 2003.
(Incorporated by reference--filed as an exhibit to Form S-4/A filed
by Empire Resorts, Inc. on December 12, 2003.)
Exhibit 2. Agreement of Joint Filing.
Page 5 of 7
Signature
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Date: May 28, 2004 /s/ Maurice Dabbah
-------------------------------------
Maurice Dabbah
MONTICELLO REALTY L.L.C.
By: MANHATTAN DEVELOPMENT
CORPORATION, Its Manager
Date: May 28, 2004 By: /s/ Maurice Dabbah
----------------------------------
Name: Maurice Dabbah
Title: President
MANHATTAN DEVELOPMENT CORPORATION
Date: May 28, 2004 By: /s/ Maurice Dabbah
----------------------------------
Name: Maurice Dabbah
Title: President
Page 6 of 7