KPMG Corporate Finance LLC has been retained by Empire Resorts, Inc. to assist in securing additional capital

June 4, 2009

MONTICELLO, N.Y.-- (BUSINESS WIRE) -- Empire Resorts, Inc. (NASDAQ: NYNY) announced today that the Company has retained KPMG Corporate Finance LLC to assist the Company to secure additional capital to execute its business plan and to evaluate its strategic alternatives. The Company recently entered into an extension with the Bank of Scotland on a $10 million credit facility and is in continuing discussions with the holders of the Company's $65 million Convertible Bond Issue.

Empire Resorts, Inc. Press Release

KPMG’s Corporate Finance practice has more than 2,200 investment banking professionals worldwide focused on corporate finance and strategic alternatives, with offices in 62 countries, including nine in the United States. KPMG’s Corporate Finance practice has been an industry leader in the number of transactions completed annually, averaging 400 transactions a year over the past five years, and in 2008 completed 390 transactions aggregating over $50 billion. The engagement is led on behalf of KPMG Corporate Finance LLC by Lorie Beers, Managing Director with the Special Situations Advisory Group, in New York City.

About KPMG Corporate Finance LLC

KPMG Corporate Finance provides a full suite of investment banking and advisory services to its domestic and international clients. Our professionals have the experience and depth of knowledge in global M&A and project finance to advise clients on mergers and acquisitions, sales and divestitures, buy-outs, financings, debt restructurings, equity recapitalizations, fairness opinions, infrastructure project finance, and other advisory initiatives. In addition, we remain independent of financing sources, helping to ensure that our efforts are objective and aligned with the goals of KPMG’s firms’ clients.

Operating in 62 countries, KPMG’s Corporate Finance practice comprises more than 2,200 professionals who are able to meet the needs of KPMG’s firms’ clients across the globe. In 2008, as a leading financial adviser, KPMG’s Corporate Finance practice completed 390 deals totaling US$51.5 billion, according to Thomson Financial’s global M&A league tables.