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New York

MGM Resorts drops $850 million on Empire City Casino, Yonkers Raceway

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Las Vegas-based MGM Resorts purchased Empire City Casino and Yonkers Raceway from its longtime owners for $850 million. The Rooney family announced in November that they were planning to either sell or partner up with another company after 46 years of ownership, LoHud reported. The deal, announced Tuesday, comes as MGM works to increase its footprint in the Northeast. Empire City president and CEO Tim Rooney said the company sought out an owner who could “develop [the property] into one of the world’s greatest entertainment destinations.” [LoHud]

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