MGM Resorts Gets Approval to Purchase Empire City Casino and Yonkers Raceway

In addition to taking up sports betting regulations, the State Gaming Commission also approved a series licenses that will allow MGM Resorts to purchase Empire City Casino and Yonkers Raceway. The price tag for the purchase is reported to be in the $850 million range and it is expected that MGM will develop a hotel and entertainment venue on the site. It is also assumed that MGM will pursue a full-scale gaming license, though several hurdles will need to be cleared for that to happen.

MGM said in a statement:

“We appreciate the work of the New York Gaming Commission and the approval of our license. We couldn’t be more excited to become part of the Yonkers community and welcome Empire City’s 1,200 team members to the MGM Resorts family. MGM is looking forward to bringing another world-class entertainment destination to the Northeast.”