Empire Resorts : SC 13D/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 30)*

Empire Resorts, Inc.

(Name of Issuer)

Common Stock, $.01 Par Value Per Share

(Title of Class of Securities)

292052305

(CUSIP Number)

Steven L. Wilner

Matthew P. Salerno

James E. Langston

Cleary Gottlieb Steen & Hamilton LLP

One Liberty Plaza

New York, NY 10006

212-225-2000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

October 30, 2019

(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 §§ 240.13d-1(e),240.13d-1(f) or 140.13d-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 § 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 the disclosures provided in a prior cover page.

The information required in 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).

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CUSIP No. 292052305

1. Names of Reporting Persons.
   I.R.S. Identification Nos. of above persons (entities only).
   Kien Huat Realty III Limited
2. Check the Appropriate Box if a Member of a Group (See Instructions)
   (a)

(b)
	☒

3. SEC Use Only

4.	Source of Funds (See Instructions)			AF
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)	____
6.	Citizenship or Place of Organization		Isle of Man
Number of		7.	Sole Voting Power	0
Shares		8.	Shared Voting Power	34,114,606 (1)
Beneficially
	9.	Sole Dispositive Power	0
Owned by
Each Reporting	10.	Shared Dispositive Power	34,114,606 (1)
Person With
11.	Aggregate Amount Beneficially Owned by Each Reporting Person	34,114,606 (1)
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)			☒
13.	Percent of Class Represented by Amount in Row (11)	86.06% (2)
14.	Type of Reporting Person (See Instructions)			CO

• This includes 28,914,606 shares of common stock, par value $.01 per share (the "Common Stock"), of Empire Resorts, Inc. (the "Issuer") and 5,200,000 shares of Common Stock into which the Series F Preferred Stock (the "Preferred Stock") beneficially owned by the reporting person can currently be converted.

• Calculated on the basis of a total of 34,435,907 shares of Common Stock outstanding as of August 9, 2019, as reported by the Issuer in its Quarterly Report on Form 10-Q filed on August 9, 2019 (the "10-Q"), 2,390 shares of Common Stock into which the Series B Preferred Stock can be converted, and 5,200,000 shares of Common Stock into which the Preferred Stock beneficially owned by the reporting persons can currently be converted.

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CUSIP No. 292052305

1. Names of Reporting Persons.
   I.R.S. Identification Nos. of above persons (entities only).
   Lim Kok Thay
2. Check the Appropriate Box if a Member of a Group (See Instructions)
   (a)

(b)		☒

3. SEC Use Only

4.	Source of Funds (See Instructions)			AF
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)	____
6.	Citizenship or Place of Organization		Malaysia
Number of		7.	Sole Voting Power	0
Shares		8.	Shared Voting Power	34,114,606 (3)
Beneficially
	9.	Sole Dispositive Power	0
Owned by
Each Reporting	10.	Shared Dispositive Power 34,114,606 (3)
Person With
11.	Aggregate Amount Beneficially Owned by Each Reporting Person	34,114,606 (3)
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)			☒
13.	Percent of Class Represented by Amount in Row (11)	86.06% (4)
14.	Type of Reporting Person (See Instructions)		IN

• This includes 28,914,606 shares of the Common Stock and 5,200,000 shares of Common Stock into which the Preferred Stock beneficially owned by the reporting person can currently be converted.

• Calculated on the basis of a total of 34,435,907 shares of Common Stock outstanding as of August 9, 2019, as reported by the Issuer in the Form 10-Q, 2,390 shares of Common Stock into which the Series B Preferred Stock can be converted, and 5,200,000 shares of Common Stock into which the Preferred Stock beneficially owned by the reporting persons can currently be converted.

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This Amendment No. 30 (this "Amendment No. 30") amends and supplements the Schedule 13D filed by Kien Huat Realty III Limited ("Kien Huat") and Lim Kok Thay (together with Kien Huat, the "Reporting Persons") with the Securities and Exchange Commission on August 27, 2009, as previously amended (the "Schedule 13D"), relating to the Common Stock of the Issuer. All capitalized terms used in this Amendment No. 30 and not otherwise defined herein have the meanings ascribed to such terms in the Schedule 13D.

Items 4, 5, 6 and 7 are hereby amended and supplemented to add the following:

Item 4. Purpose of Transaction.

On October 24, 2019, pursuant to the Existing Preferred Stock Commitment Letter and the Preferred Stock Commitment Letter Amendment, the Issuer requested that Kien Huat subscribe for 75 shares of the Preferred Stock for consideration of $100,000 per share, in the aggregate amount of $7,500,000 (the "Issuance"). On October 30, 2019, the Issuer and Kien Huat entered into a subscription agreement in connection with the Issuance.

Item 5. Interest in Securities of the Issuer

The disclosure set forth under Item 4 of this Amendment No. 30 is incorporated herein by reference.

(a-b) As of the date hereof, the Reporting Persons, as a result of the Issuance, may be deemed to share beneficial ownership of 34,114,606 shares of Common Stock, representing approximately 86.06% of the outstanding Common Stock (calculated on the basis of a total of 34,435,907 shares of Common Stock outstanding as of August 9, 2019, as reported by the Issuer in its Quarterly Report on Form 10-Q filed on August 9, 2019, 2,390 shares of Common Stock into which the Series B Preferred Stock can be converted, and 5,200,000 shares of Common Stock into which the Preferred Stock beneficially owned by the reporting persons can currently be converted.)

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

The disclosure set forth under Item 4 of this Amendment No. 30 is incorporated herein by reference.

Item 7. Material to be Filed as Exhibits

Exhibit 31	Subscription Agreement, dated as of October 30, 2019, by and between Kien Huat Realty III Limited and Empire Resorts, Inc.
	(incorporated by reference to Exhibit 10.1 of the Current Report on Form 8-K filed by the Issuer on October 30, 2019)
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SIGNATURES

After reasonable inquiry and to the best of my knowledge, I certify that the information set forth in this statement is true, complete and correct.

Dated: October 30, 2019

Kien Huat Realty III Limited

By: /s/ Yap Chong Chew

Name: Yap Chong Chew

Title: Authorized Signatory

Lim Kok Thay

By: /s/ Yap Chong Chew

Name: Lim Kok Thay

By: Yap Chong Chew

• The Letter of Authorization given by Kien Huat Realty III Limited is filed as Exhibit 21 hereto. **The Letter of Authorization given by Lim Kok Thay is filed as Exhibit 22 hereto.

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