![]() ![]() NYC is by far the most lucrative real estate for a casino operator in the United States. The site is one of only two gaming venues near the New York City greater metropolitan area, which has upward of 20 million residents and 62.8 million tourists each year. “That being said, they have said over and over again that they do have plans and that they’re huge plans.” MGM Resorts Buys Empire City CasinoĮmpire City Casino is a huge purchase for MGM Resorts. Clearly, they are very guarded about what their plans are.” Spano said, “I’ve had a number of conversations with them. Mayor Spano said he does not have a clear picture of their plans, but it’s going to be big. Mike Spano, the mayor of Yonkers, said he had spoken with MGM Resorts executives. New York officials familiar with MGM’s plan says they want to build a hotel and theater, along with other entertainment options such as a live concert hall. The Las Vegas casino company has not yet given a concrete plan for what it plans to do with the racetrack-casino. ![]() The purchase, which is expected to close in early January, would be MGM Resorts’ first foray into New York state’s gambling market. MGM Resorts is on the verge of completing its $850 million purchase of the Empire City Casino and Yonkers Raceway, which sit only 15 miles from downtown Manhattan. Empire City Casino’s value rose when it became a possible site of a New York City legal sportsbook. ![]()
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