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Monday, dec 23
Tag:
Business Acquisition
Business
Turco's Sells Yorktown Grocery Store To Uncle Giuseppe's Marketplace
The popular grocery store in Northern Westchester is going to have a new name and new owner, Turco's is about to become Uncle Giuseppe's Marketplace, which operates six markets on Long Island and one in Bergen County. Preston Turco, who is retiring, has sold the store on Downing Drive in Yorktown Heights to the DelPrete family, which operates Uncle Giuseppe's. The new store will launch on Monday, Oct. 21. "As of Oct. 21, Turco's will become Uncle Giuseppe's Marketplace," Uncle Giuseppe's said in a statement. "The Uncle Giuseppe's family would like to congratulate Preston Turco on his reti…
Business
$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…