MGM Resorts Buys Empire City Casino and Yonkers Raceway

The $850 million deal puts MGM in the croupier's seat just 15 miles from Times Square.

Empire City Casino

MGM Resorts has finalized a deal to purchase the Empire City Casino in Yonkers, N.Y., in an $850 million deal that includes Yonkers Raceway.

"We are pleased to welcome the 1,200 employees at Empire City Casino to the MGM Resorts family," said Jim Murren, chairman and CEO of MGM Resorts. "Over the past three years, we have established a meaningful presence in the northeast with Borgata in Atlantic City, MGM National Harbor in Maryland and MGM Springfield in Western Massachusetts. 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."
 
On 97 acres just 15 miles from Times Square in Manhattan, the Empire City Casino features 5,300 slots and other electronic games, in addition to year-round harness racing, international simulcasting and live entertainment. Dining options include Italian cuisine at Nonno's Trattoria; Dan Rooney's, a high-energy sports bar; Alley 810, a craft-cocktail lounge with retro bowling lanes; and an International food court. For groups, there is 11,606 square feet of meeting space.
 
"What's incredibly exciting is the amount of opportunity MGM Resorts will bring to the employees at Empire City, as well as Westchester County, the city of Yonkers and the State of New York," said Timothy J. Rooney, president and CEO of the casino. "With destinations throughout the world, from resorts to casinos to entertainment, MGM has a tried-and-true formula for success. They know how to build and grow properties that continually raise the bar in entertainment, travel and leisure, and we are so thrilled to leave Empire City in MGM's capable hands."
 
The racetrack opened in 1899, and the casino came onboard in 2006. In 1972, Empire City was acquired by the Rooney family (owners and operators of the Pittsburgh Steelers), who planned to build a hotel but never did, something that might change with MGM at the helm.