X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
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).

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

John Jordan

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

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.