MGM closes on $850 million purchase of Empire City Casino in Yonkers

Glidemaster, by virtue of winning the $728,000 Yonkers Trot, became the eighth horse to clinch the Trotting Triple Crown; the trotter would go on to be named 2006 Harness Horse of the Year. It was used as a flea market, and hosted the annual Westchester County Fair, sponsored by the county’s Parks Department.

  • MGM Resorts bought the track and casino from the Rooneys in January 2019 for $850 million.
  • Online race betting is also available, please see theYonkers Raceway site for more details.
  • On a combined basis, the MGM master lease and BREIT JV lease will deliver initial attributable rent to VICI of approximately $1.0 billion.
  • And the company bought the 50 percent of the Borgata Hotel Casino & Spa in Atlantic City that it didn’t already own.
  • Both of the existing gaming operators plan to apply for full casino licenses to offer live card table games.

The Las Vegas-based gaming company sold the property to MGM Growth Properties and subsequently entered into a lease. Empire City said it would add another 2,500 employees if it received one of the three casino resort licenses set aside for the downstate region. It also said the move would lead, directly and indirectly, to more than 10,000 new jobs. For their part, Genting and MGM said they are eager to expand, citing the jobs they’ve already created, the investment in the communities, the support of unions and their potential for growth.

Directions from Empire City Casino in Yonkers, Ny to popular places:

MGM’s unmatched East Coast presence in major markets allows for significant cross marketing and customer loyalty programming that offer us a clear competitive edge. We are well positioned to be a leader in the Northeast’s multi-billion dollar gaming market,” Mathis wrote in an email. Yonkers Raceway was founded in 1899 as the Empire City Trotting Club, and the Rooney family acquired Yonkers Raceway in 1972. In 2012, Empire City completed a 65,000-square-foot expansion that added gaming and restaurant space. MGM Resorts International announced that it bought Empire City Casino and Yonkers Raceway for $850 million from the Rooney family, who has owned the racetrack and casino for more than 46 years. Casino.org is the world’s leading independent online gaming authority, providing trusted online casino news, guides, reviews and information since 1995. The Empire City Casino was developed by the Rooney family, better known for its ownership of the NFL’s Pittsburgh Steelers.

who owns empire casino in yonkers

Opponents of the open-bidding bill are likely to say MGM’s purchase of the Westchester County racing and slot machine location proves that MGM isn’t truly interested in Connecticut. That could make MGM’s effort to win open bidding in 2019 more difficult. As the Empire City Casino currently doesn’t have any hotel amenities, we would like to see it add some accommodation facilities. This is not hard to imagine, considering that its owner, MGM Growth Properties, already has some of the greatest casino resorts in the world under its belt. — A virtual drawing promotion during which lucky winners will split $300,000 in prizes, including the grand prize, a brand new Chevrolet Camaro! Earn 50 points on any slot machine or electronic table game to qualify.