Yonkers -MGM sale approved

GamingToday.com is an independent sports news and information service. GamingToday.com has partnerships with some of the top legal and licensed sportsbook companies in the US. When you claim a bonus offer or promotion through a link on this site, Gaming Today may receive referral compensation from the sportsbook company. Although the relationships we have with sportsbook companies may influence the order in which we place companies on the site, all reviews, recommendations, and opinions are wholly our own. They are the recommendations from our authors and contributors who are avid sports fans themselves.

For more information, please read How We Rank Sportsbooks, Privacy Policy, or Contact Us with any concerns you may have.

Gaming Today is licensed and regulated to operate in AZ, CO, CT, IN, LA, MI, NJ, NY, PA, TN, and VA.

It’s official. Venerable Yonkers Raceway and its Empire City Casino have been sold.

MGM Resorts International closed purchase of the harness track and casino in Westchester, just a couple of miles north of the New York City border, Tuesday for $850 million after state gaming regulators approved the purchase.

MGM Growth Properties, which partnered in the deal, acquired the 97 acres and the building associated with it for $625 million from MGM Resorts.

“With this new addition to the MGM Resorts portfolio, we have now gained a foothold in the high-density New York City region and we look forward to leveraging the MGM platform to maximize value in this evolving marketplace,” said MGM Resorts chairman Jim Murren.

Tim Rooney, Empire City’s former owner, said the casino and racetrack have been left in capable hands.

“The potential for growth at Empire City has absolutely no boundaries,” Rooney said. “MGM will truly provide Empire City employees and the property’s guests with the resources and opportunities to make the casino and track into something we haven’t even yet realized.”

Racing has been held at Yonkers dating back to 1899. The half-mile track has been owned by the Rooney family since 1972 and the casino has been in operation since 2006.

Get signed up for a VIP account today to enjoy all we have to offer.

At Gaming Today we are dedicated to providing valuable up-to-date information on the casino industry and pari-mutuel race wagering. With news and features, plus expanded coverage in key areas – race and sports analysis, picks, tips, and handicapping.

About the Author

Steve Carp

Steve Carp is a six-time Nevada Sportswriter of the Year. A 30-year veteran of the Las Vegas sports journalism scene, he covered the Vegas Golden Knights for the Las Vegas Review-Journal from 2015-2018.

Get connected with us on Social Media

[class^="wpforms-"]
[class^="wpforms-"]