MGM Resorts International has reached a deal to buy the Empire City Casino in Yonkers, N.Y., a move that will turbocharge the Las Vegas-based gaming company’s northeast expansion with a coveted metro New York property and roil the debate over commercial casinos in Connecticut. MGM Resorts and its affiliated real estate company will pay $850 million, including the assumption of about $245 million in debt, for the casino at the site of Yonkers Raceway — just 16 miles from the Connecticut line at Greenwich and 16 miles from midtown Manhattan. Operations include 5,000 slot machines, some restaurants and a full schedule of harness racing, which MGM executives said they intend to continue.
from Business https://www.ctpost.com/business/article/Dan-Haar-MGM-to-buy-Empire-City-in-Yonkers-will-12950401.php
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