'Nothing Short Of A Betrayal': Empire City Abruptly Ends Bid For Casino License
MGM Resorts cited shifting economic conditions and regulatory changes that reduced a 30-year license to 15 years, making the $2.3 billion Yonkers casino project unfeasible.
- MGM Resorts International announced it is withdrawing its application for a casino license in Yonkers, stating it would likely qualify for a 15-year license instead of a 30-year license as expected.
- Yonkers Mayor Mike Spano criticized MGM's decision, saying it is 'nothing short of a betrayal' and questioned the motives behind the withdrawal.
- Westchester County Executive Ken Jenkins expressed shock, suggesting potential political influence from President Donald Trump regarding MGM's decision.
- Despite the withdrawal, MGM stated it will continue operating Empire City Casino and is committed to serving the local community.
19 Articles
19 Articles
MGM unexpectedly withdraws casino license application for Empire City in Yonkers
MGM on Tuesday unexpectedly withdrew its casino license application for Empire City in Yonkers. “Today, MGM Resorts made the difficult decision to withdraw its application for a commercial casino license in Yonkers, New York,” the company said in a statement. “Since submitting our application in June, the competitive and economic assumptions underpinning our application have shifted, altering our return expectations on the proposed $2.3 billion …
And Then There Were Three - Casino Applications
(Yonkers, NY) — MGM has abruptly pulled its bid for a commercial casino license in Yonkers, just weeks after the plan was approved. MGM says based on new guidance from the state, they expect they would only qualify for a 15-year license instead of 30 years. They also say there is a newly defined competitive landscape, with four proposals clustered in a small area, a reference to other casino bids in the New York City area. Yonkers Mayor Mike Spa…
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