SEC FORM 4/A

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Catskill Resort Group, LLC

(Last)

(First)

(Middle)

C/O CAPPELLI ENTERPRISES, INC.

115 STEVENS AVENUE

(Street)

VALHALLA

10595

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
EMPIRE RESORTS INC [ NYNY ]

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

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/28/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)
01/03/2007

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share	12/28/2006		C		2,500,000	A	$7.5	2,500,000	I	See Footnote⁽¹⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options	$7.5	12/28/2006		X			2,500,000	08/20/2005	12/29/2006	Common Stock	2,500,000	⁽¹⁾	1,000,000	I	See Footnote⁽¹⁾
Stock Options	$7.5	12/28/2006		E			1,688,913	08/20/2005	12/29/2006	Common Stock	1,688,913	⁽¹⁾	1,000,000	I	See Footnote⁽¹⁾
Stock Options	$7.5	12/28/2006		J		1,000,000		12/28/2006	12/27/2007	Common Stock	1,000,000	⁽¹⁾	1,000,000	I	See Footnote⁽¹⁾

Explanation of Responses:

1. This amendment is being made to reflect that effective as of September 12, 2006, Convention Hotels LLC, a Delaware limited liability company, became the general partner of Concord Associates, L.P., in place of Convention Hotels, Inc. Accordingly, all references in the Form 4 filed by Catskill Resort Group LLC on January 3, 2007 to "Convention Hotels, Inc." should refer to "Convention Hotels LLC". The reported securities are owned directly by Concord Associates, L.P. The general partner of Concord Associates, L.P. is Convention Hotels LLC. The sole member of Convention Hotels LLC is Catskill Resort Group LLC. Convention Hotels LLC and Catskill Resort Group LLC are indirect beneficial owners of the reported securities. Concord Associates, L.P. and Convention Hotels LLC have each filed a separate Form 4 with respect to the reported securities.

Remarks:

	Catskill Resort Group LLC By: Cappelli Resorts, LLC, as Managing Member, By: /s/ Louis R. Cappelli, President	05/21/2007
	Melville-Catskill, LLC, as Managing Member By: Reckson Strategic Venture Partners, LLC, as Managing Member By: /s/ Frank Adipietro, Authorized Person	05/21/2007
	** 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 4 (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).
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