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MGM To Acquire Empire City Casino, Raceway For $850M

MGM Resorts and MGP have entered into a definitive agreement whereby MGP will acquire the developed real property associated with Empire City from MGM Resorts and lease it back to a subsidiary of MGM Resorts, which will operate the property.

Empire City Casino features more than 5,200 slots and electronic table games, multiple dining outlets, and both live and simulcast horse racing. Empire City Casino features more than 5,200 slots and electronic table games, multiple dining outlets, and both live and simulcast horse racing.

YONKERS, NY—MGM Resorts International and MGM Growth Properties LLC have reached an agreement to acquire the Empire City Casino here in a deal valued at $850 million.

The sale, which is expected to close in the first quarter of 2019, calls for the MGM entities to acquire both the casino and raceway operations at the 97-acre Empire City property located off the New York State Thruway in southern Westchester County. MGM Resorts controls and holds a 73% economic interest in the operating partnership of MGM Growth Properties LLC (MGP).

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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