 Empire Resorts is currently developing the five-star Resorts World Catskills, a US$1.5 billion 1700 acre resort currently under construction on the site of the former Concord Resort Hotel in New York State’s Catskill Mountains.Empire Resorts was founded in 2003 through a consolidation of Alpha Hospitality and Catskill Development LLC, a company that had purchased the Monticello Raceway in 1996.The consolidation was carried out by Robert A. Berman, who in the previous year had been offered control as CEO of Alpha Hospitality by Stanley Tollman.