Empire Resorts (NYNY)

[CashMoneyMillions]

Great statement from the annual report. Land into trust in the Near Future

"This year was one of significant progress for Empire Resorts," commented David Hanlon, CEO and president. "In the past twelve months, we saw our Monticello operations post record revenue even as we took the final steps towards building a world-class casino in the Catskills with our partners, the St. Regis Mohawks. At the end of 2006, the Department of the Interior finally issued a Finding of No Significant Impact, or FONSI, regarding this monumental endeavor, and, more recently, Governor Spitzer gave his concurrence to move forward while also approving the Tribal-State Compact Amendment, authorizing gaming at Monticello. We now await a decision regarding putting our land into trust, and we are optimistic that this will take place in the near future.

"Empire Resorts looks forward to the day when we can announce the groundbreaking for the St. Regis Mohawk casino, a premier resort that will create 11,000 jobs and bring a competitive level of gaming to New York state. We appreciate the ongoing efforts of Governor Spitzer and other elected officials in supporting this economic growth engine for the Catskills. While we prepare for the casino development, we continue to work to improve our current Monticello operations and have undertaken new marketing initiatives to retain our standing in the region; at the same time, we look towards potential gaming opportunities outside of New York - all of which positions us for sustained growth in the years ahead."