The sale had been rumored for some time, but many were still sad to see the ownership change. xxxxx, has operated the raceway up until 2006, when slot machines were added, as a true neighbor and partner to both Yonkers and Westchester County. The sale of Empire Casino-Yonkers Raceway marks the end of an era in Westchester for the Rooney family, owners of the property since 1972. “With Empire City’s approximately 40 percent share of gross gaming revenues in the market, we believe there are significant opportunities for MGM Resorts to further drive growth,” said Dan D’Arrigo, executive vice president and chief financial officer of MGM Resorts International. The sale is expected to be completed by the beginning of 2019, and several approvals are required, including from the New York Gaming Commission. If table games come to the casino before then, MGM will pay an additional $50 million. 31, 2022, and MGM Resorts accepts such license by Dec. Part of the payment will be in the form of MGM stock, and the deal is also contingent on whether Empire City is awarded a license for live table games on or prior to Dec.

We look forward to welcoming the Empire City team and guests to the MGM Resorts family.” “This acquisition represents an excellent opportunity to further solidify our presence on the East Coast and expand our reach into the high-density New York City region. “We are excited to announce the addition of Empire City to the MGM Resorts portfolio,” said Jim Murren, chairman and CEO of MGM Resorts International. Last week, MGM Resorts International announced the purchase of Empire City Casino and Yonkers Raceway for $850 million, in one of the largest real estate-business transactions in Westchester history.

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