Empire Resorts, Inc. (Empire) is a holding company for various subsidiaries engaged in the hospitality and gaming industries. Through its wholly owned subsidiary, Monticello Raceway Management, Inc. (MRMI), it owns and operates Monticello Casino and Raceway, a 45,000 square foot video gaming machine (VGM) and harness horseracing facility located in Monticello, New York. As of December 31, 2012, Monticello Casino and Raceway operates 1,110 VGMs, which includes 20 electronic table game positions (ETGs). VGMs are similar to slot machines, but they are connected to a central system and report financial information to the central system. The Company also generates racing revenues through pari-mutuel wagering on the running of live harness horse races, the import simulcasting of harness and thoroughbred horse races from racetracks across the country and internationally, and the export simulcasting of its races to offsite pari-mutuel wagering facilities.