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Business Acquisition

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