MGM Resorts is on the verge of completing its $850 million purchase of the Empire City Casino and Yonkers Raceway, which sit only 15 miles from downtown Manhattan.The purchase, which is expected to close in early January, would be MGM Resorts’ first foray into New York state’s gambling market. 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. The family, led by Tim Rooney Sr. 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. • Pre-sale ticket offers to world-class entertainment Yonkers Raceway is the proud home of three major harness events: the Yonkers Trot, MGM Grand Las Vegas offers text alerts to consumers interested in receiving property discounts as well as event and information related to MGM Grand Las Vegas. Shortly after the board of the New York State Gaming Commission green-lighted preliminary rules for legal sports betting at upstate New York casinos on Monday, the board took further action on the sale of Yonkers Raceway to MGM.. While the sports betting approval marked the middle of a complicated process, the four MGM votes marked the end of one: The 120-year-old racetrack is now under new In fact, MGM has said it’ll pay $50 million as part of this sale if it gets awarded a full-scale casino license by the end of 2022. Read more at Lohud The post Rooneys Sell Yonkers Raceway, Empire City Casino To MGM appeared first on Horse Racing News | Paulick Report . MGM Resorts International announced on Monday that it purchased Empire City Casino and Yonkers Raceway for $850 million from the Rooney family, who has owned the racetrack and casino for more than ALBANY – MGM Resorts made a major move into the New York City area market on Tuesday when it announced it will purchase Empire City Casino and Yonkers Raceway for $850 million. The sale ends the This week, the New York State Gaming Commission approved the licenses required to allow the sale and operation of Empire City Casino & Yonkers Raceway to MGM resorts. After the commission’s approval, MGM completed the transactions for the acquisition of Empire City Casino in Yonkers. “We are pleased to welcome the 1,200 employees at Empire […] How much did MGM pay to buy Yonkers Raceway? The price tag was $850 million. The Rooneys had been exploring a sale for years. In 2000, Tim Rooney told The New York Times that, "our time at Yonkers Yonkers Raceway canceled the remainder of the Friday night (Dec. 18) program after the first pari-mutuel race due to unsafe track conditions and reportedly caused a horse to break down. According to reports on Saturday morning, the horse was not euthanized.
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