Empire Appoints Joseph D'Amato CFO
New CFO brings extensive Northeast and Native American gaming expertise to the Company
SEPTEMBER 14, 2009 - Empire Resorts, Inc. (NASDAQ: NYNY) today announced the appointment of Joseph A. D'Amato as the Company's Chief Financial Officer, effective immediately. Mr. D'Amato's appointment is the latest in a series of strategic moves by the Company to enhance its gaming operations. The Company most recently announced a $55 million investment by Kien Huat Realty III Ltd., an affiliate of Asia's largest gaming operator.
"Mr. D'Amato brings over three decades of financial management, senior accounting, and gaming operations experience to Empire Resorts. Joe will provide the Company with his broad industry experience and his particularly intimate knowledge of the Northeast gaming market," said Joseph Bernstein, CEO of the Company. "We welcome Joe as part of the new Empire team, and look forward to a long term affiliation."
Mr. D'Amato most recently served as the Chief Executive Officer of Mount Airy Casino Resort in Pennsylvania, from 2007 to 2009, and as Chief Financial Officer of the Seneca Gaming Corporation in Western New York from 2002 to 2005 and as its Chief Operating Officer from 2005 to 2007. During his earlier career in the gaming industry, Mr. D'Amato served in various executive capacities with the Trump Entertainment, Park Place and Golden Nugget organizations. From 1970-1975, Mr. D'Amato was a Senior Auditor at Ernst & Young. Mr. D'Amato has participated in raising over $2 billion in the public and bank finance markets, and has extensive experience with Sarbanes Oxley and the filing requirements and regulations of the Securities & Exchange Commission. He has been a CPA in New Jersey and Pennsylvania and received an MS in Taxation from Widener University in 1985, an MBA (Finance) from LaSalle University in 1978, and a BS in Business Administration from LaSalle University in 1970.
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