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MGM Resorts International

Business
$850M MGM Deal For Empire City Casino, Yonkers Raceway On Hold 'Until Further Notice' $850M MGM Deal For Empire City Casino, Yonkers Raceway On Hold 'Until Further Notice'
$850M MGM Deal For Empire City Casino, Yonkers Raceway On Hold 'Until Further Notice' MGM Resorts International's planned acquisition of Empire City Casino and Yonkers Raceway has been abruptly postponed. The New York State Gaming Commission was expected to approve the sale on Thursday, Jan. 3 at an 11 a.m. meeting, but announced late Wednesday The commission said the meeting was "postponed until further notice." Just days earlier, the commission had announced the meeting would be streamed live in this public notice. In May, Empire City Casino announced that it entered into an $850 million agreement with MGM Resorts to take over the racing and gaming property. No rea…

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by Daily Voice
Obituaries
Connecticut Casino Mogul Dies Unexpectedly Connecticut Casino Mogul Dies Unexpectedly
Connecticut Casino Mogul Dies Unexpectedly The president and CEO of Foxwoods Resort Casino, died unexpectedly on Monday, June 18.  Felix Rappaport was 65 years old. During Rappaport's more than four years as a visionary leader of one of the world's largest and most successful gaming enterprises, his contributions to the broader Foxwoods team have been profound, the company said.  Foxwoods, a hotel and casino in Mashantucket, Connecticut owned by the Mashantucket Pequot Tribal Nation, said the cause of Rappaport's death has not been determined.  “On behalf of the entire Tribal Council, Foxwoods management team and staff, we extend …

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by Jon Craig