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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
Foxwoods Resort Casino CEO Dies Unexpectedly Foxwoods Resort Casino CEO Dies Unexpectedly
Foxwoods Resort Casino CEO 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
Business
MGM Resorts Buys Empire City Casino, Yonkers Raceway For $850 Million MGM Resorts Buys Empire City Casino, Yonkers Raceway For $850 Million
MGM Resorts Buys Empire City Casino, Yonkers Raceway For $850 Million This story has been updated. MGM Resorts International and MGM Growth Properties LLC announced that MGM Resorts has entered into an agreement to acquire the Empire City Casino's race track, Yonkers Raceway, and the casino for $850 million.  MGM Resorts and MGP have entered into an agreement whereby MGP will acquire the developed real property associated with Empire City from MGM Resorts and lease it back to a subsidiary of MGM Resorts, after which a subsidiary of MGM Resorts will operate the property, it was announced on Tuesday morning, May 29. "We are excited to announce the additio…

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by Jon Craig