FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0104
Expires: February 28, 2011
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

CAPPELLI LOUIS

2. Date of Event Requiring Statement (MM/DD/YYYY)
6/30/2008 

3. Issuer Name and Ticker or Trading Symbol

EMPIRE RESORTS INC [NYNY]

(Last)        (First)        (Middle)

C/O CAPPELLI ENTERPRISES, INC., 115 STEVENS AVENUE

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                            _____ 10% Owner
_____ Officer (give title below)          ___ X ___ Other (specify below)
/ See footnote (1)

(Street)

VALHALLA, NY 10595       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

7/3/2008 

6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $1.00   3607602   (1) (2) I   By LRC Acquisition LLC   (1) (2)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Louis R. Cappelli ("Cappelli") serves as the managing member and majority owner of LRC Acquisition LLC ("LRC"), and indirectly owned the shares of Empire Resorts, Inc. ("Empire") common stock reported on the original Form 3. The original Form 3 mistakenly reported that LRC directly owned 2,433,090 of the shares reported on the original Form 3, and that Cappelli Resorts, LLC ("Resorts") directly owned 1,174,512 of the shares reported on the original Form 3. This amendment to the original Form 3 is being filed to report that LRC directly owned all of the shares reported on the original Form 3, and that Resorts owned none of the shares reported on the original Form 3. The six Form 4's filed by the reporting persons subsequent to the filing original Form 3 also mistakenly reported that Resorts, instead of LRC, directly owned 1,174,512 shares of common stock of Empire.
( 2)  Neither LRC nor Cappelli beneficially owns ten percent (10%) of the outstanding shares of Empire. Each of LRC and Cappelli disclaims beneficial ownership of the shares reported on the original Form 3 other than the shares directly by such person.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
CAPPELLI LOUIS
C/O CAPPELLI ENTERPRISES, INC.
115 STEVENS AVENUE
VALHALLA, NY 10595
X

See footnote (1)
LRC Acquisition LLC
C/O CAPPELLI ENTERPRISES, INC.
115 STEVENS AVENUE
VALHALLA, NY 10595
X

See footnote (1)

Signatures
/s/ LOUIS R. CAPPELLI 12/6/2010
** Signature of Reporting Person Date

LRC ACQUISITION LLC /s/ LOUIS R. CAPPELLI, Managing Member 12/6/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Empire Resorts (NASDAQ:NYNY)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Empire Resorts Charts.
Empire Resorts (NASDAQ:NYNY)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Empire Resorts Charts.