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Empire Resorts to Extend Contract by Cayuga Nation of New York

MONTICELLO, New York -- (PRESS RELEASE) -- Today Empire Resorts Inc. {NASDAQ: NYNY} announced that it has received a letter agreement from the Cayuga Nation of New York stating its intention to extend its existing agreements through June 30th, 2005. At the same time as it received statement of intent, the company has become aware of a press statement that was issued by a purported spokesperson for the Cayuga Nation asserting that the contract has been allowed to expire. However, an actual representative of the Cayuga Nation of New York has stated in a letter to the Governor of New York that the above referenced press statement was unauthorized and of no force and effect.

Empire operates the Monticello Raceway and is involved in the development of other legal gaming venues in New York. Empire opened Mighty M Gaming at the Raceway site on June 30, 2004. The new facility features 1,743 video gaming machines and amenities such as a 350 seat buffet and live nightly entertainment. Together with the Cayuga Nation, Empire has announced plans to develop a $500 million "Class III" Native American casino and resort on a site adjacent to the Raceway. In addition, Empire has recently announced plans to develop a second casino and resort in the Catskills with the Seneca Cayuga Tribe of Oklahoma.

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