Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Rule 13d-1(a) Under the Securities Exchange Act of 1934 (Amendment No.1)* Empire Resorts, Inc. ------------------------------------------------------- (Name of Issuer) Common Stock, $.01 par value per share -------------------------------------- (Title of Class of Securities) 292052-10-7 -------------------------------------- (CUSIP Number) Maurice Dabbah 4, Rue du Mont Blanc 1201 Geneva-Switzerland 4122-732-3501 ------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Copy to: Maureen W. McCarthy, Esq. Patterson, Belknap, Webb & Tyler LLP 1133 Avenue of the Americas New York, New York 10036 (212) 336-2000 May 28, 2004 ------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this Schedule because of section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] Note: Schedules filed in paper format shall include a signed original and five copies of the Schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 7 - ---------------------------------------------- CUSIP No. 292052-10-7 ---------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSON: Maurice Dabbah ---------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] ---------------------------------------------------------------------------- 3. SEC USE ONLY ---------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO ---------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ---------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Switzerland ----------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF -0- SHARES -------------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 2,006,292 EACH -------------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH -0- -------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 2,006,292 ----------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON* 2,006,292 ----------------------------------------------------------------------------- 12. CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ----------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.7% ----------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ----------------------------------------------------------------------------- * The Reporting Person disclaims beneficial ownership of shares not held in his name except to the extent of his pecuniary interest therein. Page 2 of 7 - ---------------------------------------------- CUSIP No. 292052-10-7 ---------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSON: Monticello Realty L.L.C. ---------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] ---------------------------------------------------------------------------- 3. SEC USE ONLY ---------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO ---------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ---------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF -0- SHARES -------------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 2,006,292 EACH -------------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH -0- -------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 2,006,292 ----------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON* 2,006,292 ----------------------------------------------------------------------------- 12. CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ----------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.7% ----------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO ----------------------------------------------------------------------------- Page 3 of 7 - ---------------------------------------------- CUSIP No. 292052-10-7 ---------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSON: Manhattan Development Corporation ---------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] ---------------------------------------------------------------------------- 3. SEC USE ONLY ---------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO ---------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ---------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION New York ----------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF -0- SHARES -------------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 2,006,292 EACH -------------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH -0- -------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 2,006,292 ----------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON* 2,006,292 ----------------------------------------------------------------------------- 12. CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ----------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.7% ----------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO ----------------------------------------------------------------------------- * The Reporting Person disclaims beneficial ownership of shares not held in his name except to the extent of his pecuniary interest therein. Page 4 of 7 AMENDMENT NO.1 TO SCHEDULE 13D This Amendment No. 1 is filed in accordance with Rule 13d-2 of the Securities Exchange Act of 1934, as amended, by the Reporting Persons and refers only to information which has materially changed since the filing of the original Schedule 13D by the Reporting Persons on January 21, 2004. The items identified below, or the particular paragraphs of such items which are identified below, are amended as set forth below. Capitalized terms not otherwise defined herein have the meanings ascribed to them in the original Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 of the original Schedule 13D is hereby amended in its entirety, as follows: (a) The foregoing is based upon 26,037,968 shares of the Common Stock outstanding on May 14, 2004, as set forth in the Company's Form 10-QSB filed on May 17, 2004. As discussed more fully in Item 5(b) below, the LLC, MDC and Maurice Dabbah beneficially own 2,006,292 shares of Common Stock, representing 7.7% of the class. (b) On April 12, 2004, the LLC transferred 220,000 shares of the Common Stock held by the LLC to certain of its members. On May 28, 2004, the LLC transferred 3,505,969 shares of the Common Stock held by the LLC to certain of its members. The LLC holds 2,006,292 shares of the Common Stock. MDC is the Manager of the LLC and Maurice Dabbah is the President and sole stockholder of MDC. As a result, each of the Reporting Persons has shared power to vote and shared power to dispose or to direct the disposition of all 2,006,292 shares of the Common Stock held by the LLC. (c) Except for the transactions described in this Amendment No.1 to Schedule 13D, no transactions were effected by the Reporting Persons in the Common Stock during the 60 days preceding the date hereof. (d) NA (e) NA ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit 1. Contribution Agreement, dated as of December 12, 2003. (Incorporated by reference--filed as an exhibit to Form S-4/A filed by Empire Resorts, Inc. on December 12, 2003.) Exhibit 2. Agreement of Joint Filing. Page 5 of 7 Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: May 28, 2004 /s/ Maurice Dabbah ------------------------------------- Maurice Dabbah MONTICELLO REALTY L.L.C. By: MANHATTAN DEVELOPMENT CORPORATION, Its Manager Date: May 28, 2004 By: /s/ Maurice Dabbah ---------------------------------- Name: Maurice Dabbah Title: President MANHATTAN DEVELOPMENT CORPORATION Date: May 28, 2004 By: /s/ Maurice Dabbah ---------------------------------- Name: Maurice Dabbah Title: President Page 6 of 7