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Friday, may 3
Tag:
MGM Resorts
Business
MGM Gets Official OK To Buy Empire City Casino, Yonkers Raceway
MGM Resorts has officially been given the green light to purchase Empire City Casino and the adjacent Yonkers Raceway. The New York State Gaming Commission announced on Monday that it has approved the licenses to allow MGM to purchase the businesses for $850 million. The deal was originally expected to be approved earlier this month, but a vote was delayed before MGM could officially purchase the casino and racetrack from the Rooney family, which has owned it since the early 1970s. According to reports, MGM is likely looking to add a hotel and new entertainment facilities at the site,…
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