SECURITIES AND EXCHANGE COMMISSION


WASHINGTON,
D.C. 20549




FORM
10-Q/A




x Quarterly Report
Pursuant to Section 13 or 15(d) Securities


Exchange
Act of 1934 for Quarterly Period Ended June 30, 2010


-OR-


 ̈ Transition Report
Pursuant to Section 13 or 15(d) of the


Securities
And Exchange Act of 1934 for the transaction period from


_________
to________




Commission
File Number 333-150462




THE
EMPIRE SPORTS & ENTERTAINMENT HOLDINGS CO.


(Exact
Name of Registrant As Specified In Its Charter)





Nevada
                                          
                                          
                                          
                                          26-0657736(State
      or other jurisdiction
                                          
                                          (Primary
      Standard
                                          
                                          (I.R.S.
      Employerof
      incorporation or
                                          
                                          Industrial
      Classification
                                          
                                          Identificationorganization)
                                          
                                          Code
      Number)
                                          
                                          Number)110
      Greene Street, Suite 403New
      York, New York 10012(Address
      of principal executive offices, Zip
      Code)





(212)
208-4472


(Registrant's
telephone number, including area code)




Indicate
by check mark whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days. Yes x No
 ̈




Indicate
by check mark whether the registrant has submitted electronically and posted on
its corporate Web site, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T (section 232.405 of
this chapter) during the preceding 12 months (or for such shorter period that
the registrant was required to submit and post such files). Yes x No  ̈




Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerate filer, or a small reporting company as
defined by Rule 12b-2 of the Exchange Act):




Large
accelerated filer  ̈
Non-accelerated filer  ̈ Accelerated filer  ̈ Smaller reporting
company x





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). Yes x No  ̈




The
number of outstanding shares of the registrant's common stock, August 15,
2010




Common
Stock - 8,051,000










EXPLANATORY NOTE: We are
filing this Amendment to our Form 10-Q for the quarterly period ended June 30,
2010 (“Original Quarterly Report”), in order to identify the Company as a shell
company (as defined in Rule 12b-2 of the Exchange Act) on the cover
page.  Except as described above, the remainder of the Original
Quarterly Report is unchanged and does not reflect events occurring after the
filing of the Original Quarterly Report with the SEC on August 20,
2010.  Accordingly, this Amendment should be read in conjunction with
the Original Quarterly Report.




THE
EMPIRE SPORTS & ENTERTAINMENT HOLDINGS CO.


FORM
10-Q/A


For
the quarterly period ended June 30, 2010


INDEX





PagePART
      I - FINANCIAL INFORMATIONItem
      1.  Financial Statements (Unaudited)
                  
                  3Item
      2.  Management's Discussion and Analysis of Financial Condition
      and Results of Operations
                  
                  10Item
      3.  Quantitative and Qualitative Disclosure About Market
      Risk
                  
                  11Item
      4T. Controls and Procedures
                  
                  11PART
      II - OTHER INFORMATIONItem
      1.  Legal Proceedings
                  
                  12Item
      1A. Risk Factors
                  
                  12Item
      2.  Unregistered Sales of Equity Securities and Use of
      Proceeds
                  
                  12Item
      3.  Defaults upon Senior Securities
                  
                  12Item
      4.  (Removed and Reserved)
                  
                  12Item
      5.  Other Information
                  
                  12Item
      6.  Exhibits
                  
                  12SIGNATURES
                  
                  13


2


PART
I




Item
I - FINANCIAL STATEMENTS




EXCEL
GLOBAL, INC.


BALANCE
SHEETS (Unaudited)





June
      30,
                          
                          
                          December
      31,2010
                          
                          
                          2009ASSETSCurrent
      assets:Cash
                          
                          $
                          -
                          
                          
                          $
                          111Total
      current assets
                          
                          
                          -
                          
                          
                          
                          111Property
      and equipment, net of  accumulated depreciation of $474 at
      December 31, 2009
                          
                          
                          -
                          
                          
                          
                          1,558Other
      assets
                          
                          
                          -
                          
                          
                          
                          1,000TOTAL
      ASSETS
                          
                          $
                          -
                          
                          
                          $
                          2,669LIABILITIES
      AND STOCKHOLDERS' DEFICITCurrent
      liabilities:Accrued
      expenses
                          
                          $
                          20,580
                          
                          
                          $
                          17,280Advances
      from officer, including accrued interest of $2,064 for 2010, and $1,543
      for 2009
                          
                          
                          19,072
                          
                          
                          
                          13,227Total
      current liabilities
                          
                          
                          39,652
                          
                          
                          
                          30,507Stockholders'
      deficit:Common
      stock, $0.001 par value; 25,000,000 shares authorized; 8,051,000 shares
      issued and outstanding
                          
                          
                          8,051
                          
                          
                          
                          8,051Additional
      paid-in capital
                          
                          
                          354,199
                          
                          
                          
                          354,199Accumulated
      deficit
                          
                          
                          (401,902
                          )
                          
                          
                          (390,088
                          )Total
      stockholders' deficit
                          
                          
                          (39,652
                          )
                          
                          
                          (27,838
                          )TOTAL
      LIABILITIES AND STOCKHOLDERS' DEFICIT
                          
                          $
                          -
                          
                          
                          $
                          2,669




The
accompanying notes are an integral part of these interim unaudited financial
statements





3





EXCEL
GLOBAL, INC.


STATEMENTS
OF OPERATIONS (Unaudited)





For the three months ended
                            
                            
                            For the six months endedJune
      30,
                            
                            
                            June
      30,2010
                            
                            
                            2009
                            
                            
                            2010
                            
                            
                            2009Revenue
                            
                            $
                            (2,500
                            )
                            
                            $
                            -
                            
                            
                            $
                            -
                            
                            
                            $
                            -Operating
      expenses:Selling,
      general and administrative
                            
                            
                            7,644
                            
                            
                            
                            5,759
                            
                            
                            $
                            10,494
                            
                            
                            $
                            14,543Operating
      loss
                            
                            
                            (10,144
                            )
                            
                            
                            (5,759
                            )
                            
                            
                            (10,494
                            )
                            
                            
                            (14,543
                            )Interest
      and other expenses
                            
                            
                            (288
                            )
                            
                            
                            (24
                            )
                            
                            
                            (520
                            )
                            
                            
                            (289
                            )Net
      loss before income taxes
                            
                            
                            (10,432
                            )
                            
                            
                            (5,783
                            )
                            
                            
                            (11,014
                            )
                            
                            
                            (14,832
                            )Provision
      for income taxes
                            
                            
                            800
                            
                            
                            
                            -
                            
                            
                            
                            800
                            
                            
                            
                            800Net
      loss
                            
                            $
                            (11,232
                            )
                            
                            $
                            (5,783
                            )
                            
                            $
                            (11,814
                            )
                            
                            $
                            (15,632
                            )Net
      loss per share,Basic
      and Diluted
                            
                            $
                            (0.00
                            )
                            
                            $
                            (0.00
                            )
                            
                            $
                            (0.00
                            )
                            
                            $
                            (0.00
                            )Weighted
      Average Number of Shares
                            
                            
                            8,051,000
                            
                            
                            
                            8,241,000
                            
                            
                            
                            8,051,000
                            
                            
                            
                            8,241,000




The
accompanying notes are an integral part of these interim unaudited financial
statements





4





EXCEL
GLOBAL, INC.


STATEMENTS
OF CASH FLOWS (Unaudited)





For
      the six months ended June 30,
                
                2010
                
                
                2009CASH
      FLOWS FROM OPERATING ACTIVITIES:Net
      loss
                
                $
                (11,814
                )
                
                $
                (15,632
                )Adjustments
      to reconcile net loss to net cash used in operating
      activities:Depreciation
                
                
                102
                
                
                
                68Loss
      on abandonment of assets
                
                
                2,156
                
                
                
                -Changes
      in assets and liabilities:Accounts
      payable and accrued expenses
                
                
                3,300
                
                
                
                2,539Net
      cash used in operating activities
                
                
                (6,256
                )
                
                
                (13,025
                )CASH
      FLOWS FROM INVESTING ACTIVITIES:Cash
      received from sale of property and equipment
                
                
                300
                
                
                
                -CASH
      FLOWS FROM FINANCING ACTIVITIES:Proceeds
      from officer advances
                
                
                6,145
                
                
                
                -Repayments
      of officer advances
                
                
                (300
                )
                
                
                (11,700
                )Net
      cash provided by (used in) financing activities
                
                
                5,845
                
                
                
                (11,700
                )NET
      CHANGE IN CASH
                
                
                (111
                )
                
                
                (24,725
                )CASH
      - BEGINNING OF PERIOD
                
                
                111
                
                
                
                24,836CASH
      - END OF PERIOD
                
                $
                -
                
                
                $
                111




The
accompanying notes are an integral part of these interim unaudited financial
statements





5





EXCEL
GLOBAL, INC.




NOTES
TO INTERIM UNAUDITED FINANCIAL STATEMENTS (Unaudited) NOTE 1 - NATURE OF
OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES




Nature of
Operations


Excel
Global, Inc. (the "Company") was incorporated under the laws of the state of
Nevada on August 2, 2007. The Company is a web-based service provider and
consulting company.





Summary of Significant
Accounting Policies


Presentation
of Interim Information: The financial information at June 30, 2010 and for the
three and six months ended June 30, 2010 and 2009 are unaudited, but includes
all adjustments (consisting only of normal recurring adjustments) that the
Company considers necessary for a fair presentation of the financial information
set forth herein, in accordance with accounting principles generally accepted in
the United States of America ("U.S. GAAP") for interim financial information,
and with the instructions to Form 10-Q. Accordingly, such information does not
include all of the information and footnotes required by U.S. GAAP for annual
financial statements. For further information, refer to the Financial Statements
and footnotes thereto included in the Company's Annual Report on Form 10-K for
the year ended December 31, 2009.




The
balance sheet as of December 31, 2009 has been derived from the audited
financial statements at that date but does not include all of the information
and footnotes required by U.S. GAAP for complete financial
statements.




The
results for the three and six months ended June 30, 2010 may not be indicative
of results for the year ending December 31, 2010 or any future
periods.




Use of
Estimates: The preparation of the accompanying financial statements in
conformity with accounting principles generally accepted in the United States
requires management to make certain estimates and assumptions that directly
affect the results of reported assets, liabilities, revenue, and expenses.
Actual results may differ from these estimates.




Revenue
Recognition: The Company recognizes revenue when service is rendered, providing
that collectibility is reasonably assured. Amounts received prior to providing
the service date are classified as deferred revenue.





6





NOTE
1 - NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING


POLICIES
(continued)




Property
and Equipment: Property and equipment are valued at cost. Maintenance and repair
costs are charged to expense as incurred. Depreciation is computed on the
straight-line method based on the estimated useful lives of the assets,
generally 5 to 7 years. Depreciation expense for the three months ended June 30,
2010 and 2009 was zero and $34, respectively. Depreciation expense for the six
months ended June 30, 2010 and 2009 was $102 and $68, respectively.




Fair
value of financial instruments: Management measures the financial assets and
liabilities in accordance with the requirements of Financial Accounting
Standards Board Accounting Standards Codification ("FASB ASC") 825 "Financial
Instruments". The carrying values of accounts receivable, accounts payable,
accrued expenses, and advances from officer approximate fair value due to the
short-term maturities of these instruments.




Income
Taxes: Income tax expense is based on pretax financial accounting income.
Deferred tax assets and liabilities are recognized for the expected tax
consequences of temporary differences between the tax bases of assets and
liabilities and their reported amounts.




Impairment
of Long-Lived Assets: Long-lived assets and certain identifiable intangible
assets to be held and used are reviewed for impairment whenever events or
changes in circumstance indicate that the carrying amount of such assets may not
be recoverable. Determination of recoverability is based on an estimate of
undiscounted future cash flows resulting from the use of the asset and its
eventual disposition. Measurement of an impairment loss for long-lived assets
and certain identifiable intangible assets that management expects to hold and
use is based on the fair value of the asset. Long-lived assets and certain
identifiable intangible assets to be disposed of are reported at the lower of
carrying amount or fair value costs to sell.




Earnings
(loss) per share: Basic earnings (loss) per share is computed by dividing net
loss available to common stockholders by the weighted average number of common
stock outstanding for the period. Diluted earnings (loss) per share is computed
similar to basic earnings (loss) per share except that the denominator is
increased to include additional common shares available upon exercise of stock
options and warrants using the treasury stock method, except for periods for
which no common share equivalents are included because their effect would be
anti-dilutive. Diluted net loss per share does not differ from basic net loss
per share since potential shares of common stock are anti- dilutive for all
periods presented. For the three and six months ended June 30, 2010 and 2009,
there were no potentially dilutive securities excluded from the computation
because they are anti-dilutive.




Non-employees
Equity Transactions: The Company accounts for equity instruments issued to
non-employees in accordance with the provisions of FASB ASC 505-50 and the
Emerging Issues Task Force ("EITF") Issue





7





NOTE
1 - NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING


POLICIES
(continued)




No.
00-18, Accounting for Equity Instruments That Are Issued to Other Than Employees
for Acquiring, or in Conjunction with Selling, Goods or Services. FASB ASC
505-50 states that equity instruments that are issued in exchange for the
receipt of goods or services should be measured at the fair value of the
consideration received or the fair value of the equity instruments issued,
whichever is more reliably measurable. Under the guidance in EITF Issue 00-18,
the measurement date occurs as of the earlier of (a) the date at which a
performance commitment is reached or (b) absent a performance commitment, the
date at which the performance necessary to earn the equity instruments is
complete (that is, the vesting date).




New
Accounting Pronouncements: Excel Global, Inc. does not believe newly issued
accounting pronouncements will have any material impact on its financial
statements.




NOTE
2 - GOING CONCERN




The
Company's financial statements have been prepared on a going concern basis,
which contemplates the realization of assets and the settlement of liabilities
and commitments in the normal course of business. In the near term, the Company
expects operating costs to continue to exceed funds generated from operations.
As a result, the Company expects to continue to incur operating losses, and the
operations in the near future are expected to continue to use working capital.
Management of the Company is actively increasing marketing efforts to increase
revenues. The ability of the Company to continue as a going concern is dependent
on its ability to meet its financing obligations and the success of its future
operations. The financial statements do not include any adjustments that might
be necessary if the Company is unable to continue as a going concern.




NOTE
3 - BALANCE SHEET DETAILS





June
      30,
                    
                    
                    December
      31,2010
                    
                    
                    2009Property
      and equipment, netFurniture
      and equipment
                    
                    $
                    -
                    
                    
                    $
                    2,032Less:
      accumulated depreciation
                    
                    
                    -
                    
                    
                    
                    (474
                    )Property
      and equipment, net
                    
                    $
                    -
                    
                    
                    $
                    1,558Accrued
      Expenses:Accrued
      professional fees
                    
                    $
                    6,980
                    
                    
                    $
                    4,480Accrued
      rent
                    
                    
                    12,000
                    
                    
                    
                    12,000Other
      accrued expenses
                    
                    
                    1,600
                    
                    
                    
                    800Total
      accrued expenses
                    
                    $
                    20,580
                    
                    
                    $
                    17,280





8


NOTE
4 - EARNINGS (LOSS) PER SHARE




The
following table sets forth the computation of basic and diluted net loss per
share:





Three Months Ended
                          
                          
                          Six Months EndedJune 30,
                          
                          
                          June 30,
                          
                          
                          June 30,
                          
                          
                          June 30,2010
                          
                          
                          2009
                          
                          
                          2010
                          
                          
                          2009Numerator:Net
      loss
                          
                          $
                          (11,232
                          )
                          
                          $
                          (5,783
                          )
                          
                          $
                          (11,814
                          )
                          
                          $
                          (15,632
                          )Denominator:Basic
      loss per share-weighted
      averageshares
                          
                          
                          8,051,000
                          
                          
                          
                          8,241,000
                          
                          
                          
                          8,051,000
                          
                          
                          
                          8,241,000Effect
      of dilutivesecurities:Stock
      options and warrants
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -Diluted
      loss per share-adjusted
      weighted averageshares
                          
                          
                          8,051,000
                          
                          
                          
                          8,241,000
                          
                          
                          
                          8,051,000
                          
                          
                          
                          8,241,000Basic
      loss per share
                          
                          $
                          (0.00
                          )
                          
                          $
                          (0.00
                          )
                          
                          $
                          (0.00
                          )
                          
                          $
                          (0.00
                          )Diluted
      loss per share
                          
                          $
                          (0.00
                          )
                          
                          $
                          (0.00
                          )
                          
                          $
                          (0.00
                          )
                          
                          $
                          (0.00
                          )




NOTE
5 - RELATED PARTY TRANSACTION




As of
June 30, 2010 and December 31, 2009, the Company owed $19,072 and $13,227,
respectively, to an officer of the Company. The advances are unsecured, due on
demand and bear interest at 8%. Management expects to repay the full amount
during the year ended December 31, 2010; therefore, it is classified as current
on the balance sheet.


9


ITEM
2.MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS.




Results
of Operations for the three months ended June 30, 2010 and 2009




We did
not earn any revenue for the three months ended June 30, 2010. Invoiced
consulting fees of $2,500 were included in revenue for the three months ended
March 31, 2010 but were reversed for the three months ended June 30, 2010 due to
the cancellation of the corresponding consulting agreement. For the three months
ended June 30, 2010, we had a net loss of $(11,232). This loss was due to
selling, general and administrative expenses of $7,644 that included costs of
being a reporting company.




We did
not earn any revenue for the three months ended June 30, 2009. The net loss of
$(5,783) for the three months ended June 30, 2009 was due to selling, general
and administrative expenses of $5,759 that included costs of being a reporting
company.




Results
of Operations for the six months ended June 30, 2010 and 2009




We did
not earn any revenue for the six months ended June 2010. For the six months
ended June 30, 2010, we had a net loss of $(11,814). This loss was due to
selling, general and administrative expenses of $10,494 that included costs of
being a reporting company.




We did
not earn any revenue for the six months ended June 30, 2009. The net loss was
$(15,632) for the six months ended June 30, 2009 due to selling, general and
administrative expenses of $14,543 that include costs of being a reporting
company.




Liquidity and Capital
Resources


We
do not have any cash or cash equivalents to fund our current operations.
Additionally, we have no material commitments for capital expenditures nor do we
have any plans for future capital expenditures at this time.




Future
revenues from consulting fees will determine the amount of additional financing
necessary to continue operations.




The board
of directors has no immediate offering plans in place. The board of directors
shall determine the amount and type of financing as our financial situation
dictates.




We are
currently not aware of any trends that are reasonably likely to have a material
impact on our liquidity.




During
the six months ended June 30, 2010, we received cash of $300 from the sale of
property and equipment resulting in cash flows from investing activities of
$300.


10


For the
six months ended June 30, 2009, we did not pursue any investing
activities.




During
the six months ended June 30, 2010, we received proceeds from officer advances
of $6,145 and repaid officer advances of $300. As a result, we had net cash
provided by financing activities of $5,845 for the six months ended June 30,
2010.




For the
six months ended June 30, 2009, we repaid advances from an officer of $(11,700)
resulting in net cash provided by financing activities of
$(11,700).




Subsequent
to the quarter ended June 30, 2010, certain selling shareholders arranged for
the sale of their common shares. Upon completion of the proposed sale, there
will be a change in control of Excel Global and the new management will
determine the plan of operations. If the proposed change in control does not
occur, we will make continued efforts to increase the sales to raise much needed
cash for the remainder of the year, which will be supplemented by our efforts to
raise cash through the issuance of equity securities.




Item
3. Quantitative and Qualitative Disclosures About Market Risk




Not
applicable to smaller reporting companies.




Item
4T.Controls and Procedures.




During
the three months ended June 30, 2010, there were no changes in our internal
controls over financial reporting (as defined in Rule 13a- 15(f) and 15d-15(f)
under the Exchange Act) that have materially affected, or are reasonably likely
to materially affect, our internal control over financial
reporting.




Evaluation
of Disclosure Controls and Procedures




Under the
supervision and with the participation of our management, including our chief
executive officer and chief financial officer, we conducted an evaluation of our
disclosure controls and procedures, as such term is defined under Rule 13a-15(e)
and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as
amended, as of June 30, 2010. Due to the fact that Excel Global has limited
personnel resources, there was a lack of segregation of duties, which management
identified as a material weakness. Based on this evaluation, our chief executive
officer and chief principal financial officer have concluded such controls and
procedures are not effective as of June 30, 2010 to ensure that information
required to be disclosed by the issuer in the reports that it files or submits
under the Act is recorded, processed, summarized and reported, within the time
periods specified in the Commission's rules and forms and to ensure that
information required to be disclosed by an issuer in the reports that it files or submits under the Act is accumulated and communicated
to the issuer's management, including its principal executive and principal
financial officers, or persons performing similar functions, as appropriate to
allow timely decisions regarding required disclosure.


11


PART
II - OTHER INFORMATION




Item
1.Legal Proceedings.None.




Item
1A.Risk Factors.




We may
continue to have potential liability even though we made a rescission
offer.




In July
2007, we sold an excess of 31,000 common shares over the 1,000,000 common shares
registered in our recent public offering. In order to address this issue, we
offered rescission to the shareholder who purchased these 31,000 common shares.
Even though the shareholder declined the offer, we may remain liable under the
Securities Act of 1933 for a possible further rescission. The Securities Act of
1933 does not provide that a rescission offer will extinguish a holder's right
to rescind the issuance of shares that were not registered or exempt from the
registration requirements under the Securities Act of 1933. Consequently, should
the recipient of the rescission offer reject the offer, expressly or impliedly,
we may remain liable under the Securities Act of 1933 for the purchase price of
the shares that are subject to the rescission offer.




Item
2.Unregistered Sales of Equity Securities and Use of Proceeds.




None




Item
3. Defaults Upon Senior Securities.


None.




Item
4. (Removed and Reserved)




Item
5.Other Information.None.




Item
6. Exhibits




Exhibit
31.1 - Certification of Principal Executive Officer pursuant to Section 302
of the Sarbanes-Oxley Act of 2002








Exhibit
32.1 - Certification of Principal Executive Officer and Principal Financial
Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002


12


SIGNATURES




Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this Report to be signed on its behalf by the undersigned thereunto
duly authorized.




Dated:
October 4, 2010




THE
EMPIRE SPORTS & ENTERTAINMENT HOLDINGS CO.





By:
            /s/ Gregory D. CohenGregory
      D. CohenPresident,
      Chief Operating
              Officer
      & Secretary




13