On February 28, 2014, Mr. Au Fook Yew resigned from his positions as a member of the Board of Directors of Empire Resorts Inc. and its subsidiaries, effective immediately. On March 1, 2014, Kien Huat Realty III Limited exercised its nomination right pursuant to the Investment Agreement and identified Edmund Marinucci as its nominee to stand for election as a director of the company to fill the vacancy created by Mr. Au's resignation. The Nominating Committee reviewed Mr. Marinucci's qualifications and the needs of the company and has determined to recommend to the Board that Mr. Marinucci be appointed to the board of directors of the company and each subsidiary to fill the vacancies resulting from the resignation of Mr. Au.

The company anticipates that the Board will consider this recommendation by the Nominating Committee at its upcoming regularly-scheduled meeting.