Effective June 1, 2016, the Board of Directors Empire Resorts Inc. appointed Emanuel R. Pearlman as Executive Chairman of the Board. Mr. Pearlman has served as a director of the Company since May 2010 and Chairman of the Board since September 2010. As a result of Mr. Pearlman's employment by the Company, Mr. Pearlman has stepped down from his positions on the Audit Committee, the Compensation Committee, the Corporate Governance and Nominations Committee and the Regulatory Compliance Committee effective immediately. He will continue to serve on the Strategic Development Committee.