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
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
Empire Resorts, Inc.
-----------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
-----------------------------------------------------------
(Title of Class of Securities)
292052 10 7
-----------------------------------------------------------
(CUSIP Number)
Concord Associates, L.P.
c/o Cappelli Enterprises, Inc.
115 Stevens Avenue
Valhalla, NY 10595
Attention: Louis R. Cappelli
With a copy to:
Herrick, Feinstein LLP
2 Park Avenue
New York, NY 10016
Attention: Louis Goldberg, Esq.
-----------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
May 1, 2008
-----------------------------------------------------------
(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 that is the subject of this Schedule
13D, and is filing this schedule because of ss.ss.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 ss.240.13d-7 for other parties to whom copies are to be 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).
Persons who respond to the collection of information contained in
this form are not required to respond unless the form displays a
currently valid OMB control number.
CUSIP No. 292052 10 7
- --------------------------------------------------------------------------------
1. Name of Reporting Persons: Concord Associates, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds: OO
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
New York
- --------------------------------------------------------------------------------
Number of 7. Sole Voting Power: 0
Shares --------------------------------------------------------
Beneficially 8. Shared Voting Power: 0
by --------------------------------------------------------
Owned by Each 9. Sole Dispositive Power: 0
Reporting --------------------------------------------------------
Person With 10. Shared Dispositive Power: 0
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 0
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions): [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 0%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions): PN
- --------------------------------------------------------------------------------
2
CUSIP No. 292052 10 7
- --------------------------------------------------------------------------------
1. Name of Reporting Persons: Convention Hotels LLC
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds: OO
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
Number of 7. Sole Voting Power: 0
Shares --------------------------------------------------------
Beneficially 8. Shared Voting Power: 0
by --------------------------------------------------------
Owned by Each 9. Sole Dispositive Power: 0
Reporting --------------------------------------------------------
Person With 10. Shared Dispositive Power: 0
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 0
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions): [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 0%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions): OO, HC
- --------------------------------------------------------------------------------
3
CUSIP No. 292052 10 7
- --------------------------------------------------------------------------------
1. Name of Reporting Persons: Catskill Resort Group LLC
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds: OO
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
New York
- --------------------------------------------------------------------------------
Number of 7. Sole Voting Power: 0
Shares --------------------------------------------------------
Beneficially 8. Shared Voting Power: 0
by --------------------------------------------------------
Owned by Each 9. Sole Dispositive Power: 0
Reporting --------------------------------------------------------
Person With 10. Shared Dispositive Power: 0
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 0
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions): [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 0%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions): OO, HC
- --------------------------------------------------------------------------------
4
This Amendment No. 7 amends the Statement on Schedule 13D filed with the
Securities and Exchange Commission on August 30, 2005 by Concord Associates,
L.P., a New York limited partnership ("Concord Associates"), Convention Hotels,
Inc., a New York corporation ("Convention Hotels") and Catskill Resort Group
LLC, a New York limited liability company ("Catskill Resort Group") (the
"Original Schedule 13D"), as amended by Amendment No. 1 to Schedule 13D on
December 30, 2005 by Concord Associates, Convention Hotels and Catskill Resort
Group, as further amended by Amendment No. 2 to Schedule 13D on January 3, 2007
by Concord Associates, Convention Hotels and Catskill Resort Group, as further
amended by Amendment No. 3 to Schedule 13D on March 22, 2007 by Concord
Associates, Convention Hotels and Catskill Resort Group, as further amended by
Amendment No. 4 on May 21, 2007 by Concord Associates, Convention Hotels and
Catskill Resort Group, as further amended by Amendment No. 5 on January 11, 2008
by Concord Associates, Convention Hotels and Catskill Resort Group, as further
amended by Amendment No. 6 on February 15, 2008 by Concord Associates,
Convention Hotels and Catskill Resort Group (the Original Schedule 13D, as
amended, the "Schedule 13D"). Unless otherwise defined herein, all capitalized
terms shall have the meanings ascribed to them in the Schedule 13D.
Item 4. Purpose of Transaction
Item 4 of the Schedule 13D is hereby supplemented by inserting the
following as a new paragraph immediately prior to the existing paragraph
beginning with the words "The Reporting Persons intend continuously to review
their rights and options with respect to the shares of Common Stock and other
debt and equity securities of Empire...":
Effective as of May 1, 2008, Concord distributed to its indirect owners
their respective pro rata share of the 2,500,000 shares of Common Stock Concord
had purchased on December 28, 2006 pursuant to the Option Agreement. Following
such distribution, the Reporting Persons no longer own any shares of Empire's
Common Stock.
Item 5. Interest in Securities of the Issuer
Subsections (a), (b) and (e) of Item 5 are restated in their entirety
to read as follows:
(a) As of May 1, 2008, the Reporting Persons no longer own any shares of
Empire's Common Stock.
(b) The Reporting Persons no longer have any power to dispose or direct the
disposition of any shares of Empire's Common Stock.
(e) Each Reporting Person ceased to be the beneficial owner of more than 5%
of Empire's Common Stock as of May 1, 2008.
5
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: May 23, 2008
CONCORD ASSOCIATES, L.P.
By: Convention Hotels LLC, as General
Partner
By: /s/ LOUIS R. CAPPELLI
-------------------------------------
Louis R. Cappelli
Authorized Person
CONVENTION HOTELS LLC
By: /s/ LOUIS R. CAPPELLI
-------------------------------------
Louis R. Cappelli
Authorized Person
CATSKILL RESORT GROUP LLC
By: Cappelli Resorts, LLC, as Managing
Member
By: /s/ LOUIS R. CAPPELLI
---------------------------------
Louis R. Cappelli
President
6