Empire Resorts, Inc., through its subsidiaries, operates in the hospitality and gaming industries in New York. It owns and operates Monticello Gaming and Raceway, a video gaming machine and harness horseracing facility that conducts pari-mutuel wagering through the running of live harness horse races, the import simulcasting of harness and thoroughbred horse races, and the export simulcasting of its races to offsite pari-mutuel wagering facilities. As of December 31, 2008, the company operated approximately 1,587 video gaming machines at the grandstand of Monticello Gaming and Raceway. Empire Resorts, Inc. has a joint venture agreement with Concord Associates, L.P. to develop, finance, and construct a hotel, convention center, gaming facility, and harness horseracing track.

-Empire Resorts, Inc. continues to implement its cost cutting program and has entered into an amended and restated agreement with Nima Asset Management LLC.

-Bank of Scotland has agreed to an extension of the Company`s $10 million secured credit facility that matures immediately. As part of the extension agreement, the Company reduced the outstanding balance of the credit facility to $6.4 million.
 
-NYNY closed at 1.82, up 0.09% today. Over the last 52 weeks NYNY has ranged from a low of $0.40 to a high of $4.25. The stock has near-term technical support in the $1.32 price area. If the shares can continue the recent rebound, we see overhead resistance around the $2.11 price levels. MACD is BULLISH in short-term; and BULLISH in mid-long term. Technical indicator for the stock is strong buy. Here is the chart: