Monticello Raceway, Horsemen Sign Agreement

Empire Resorts, Inc. today announced that the company has come to an agreement with its horsemen to have the New York Racing and Wagering Board arbitrate terms of a new contract. As a result, out-of-state simulcasting will resume early next week, and purses will double. The horsemen will also receive 7.5% of net revenue received from the company's video gaming machine (VGM) operations during the arbitration process.

David P. Hanlon, Empire's President and CEO, commented, "We are very pleased with these developments and look forward to working through arbitration with our horsemen - some of the best in the business. Empire Resorts has already set up racing dates through June, which should be a welcome relief to our fans and patrons. We are grateful to New York State Racing and Wagering Chairwoman Cheryl Ritchko-Buley and Commissioner Michael Hoblock for their leadership in helping to bring this matter to a successful conclusion."

Separately, Empire Resorts also announced that it has launched new websites for its raceway and VGM operations. Information on Monticello Raceway and Mighty M Gaming can now be found at the company's portal web site, EmpireResorts.com.