Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 7, 2012, Empire Resorts, Inc. (the "Company") entered into an employment agreement with Charles A. Degliomini (the "Degliomini Employment Agreement"), pursuant to which Mr. Degliomini will continue to serve as the Company's Executive Vice President. The Degliomini Employment Agreement supersedes Mr. Degliomini's existing employment agreement with the Company, which was entered into on June 29, 2012 (the "June Agreement"). The terms and conditions of the Degliomini Employment Agreement are substantially similar to the June Agreement, except that: (i) the term of employment was extended from June 28, 2013 to December 31, 2014; (ii) the amount of base salary that Mr. Degliomini would be entitled to receive if his employment were terminated without Cause (as defined in the Degliomini Employment Agreement) or with Good Reason (as defined in the Degliomini Employment Agreement) before a Change in Control (as defined in the Degliomini Employment Agreement) was increased from twelve months to 18 months and (iii) the amount of base salary that Mr. Degliomini would be entitled to receive if his employment were terminated without Cause or with Good Reason after a Change in Control was increased from twelve months to 24 months.

This summary description is qualified in its entirety by reference to the actual Degliomini Employment Agreement, which is filed as 10.1 to this Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

10.1 Employment Agreement, dated as of December 7, 2012, by and between Empire Resorts, Inc. and Charles A. Degliomini.

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