Empire City Casino, Yonkers, NY
YONKERS, NY—After securing the necessary approvals from the New York State Gaming Commission on Monday, MGM Resorts International and MGM Growth Properties LLC announced today they have completed the transactions for their acquisition of Empire City Casino in Yonkers.
Following MGM Resorts' acquisition of Empire City for approximately $850 million, MG Growth Properties acquired the developed real property from MGM Resorts for approximately $625 million and leased it back to a subsidiary of MGM Resorts that will now operate the property. MGM announced its intent to acquire the property in May 2018.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
