MGM Resorts Officially, New York has entered the race for one of the three downstates casino licenses. The company picked $ 2.3 billion Proposal to expand it Empire City Casino In a full resort with table games, live dealers and an impressive array of features. Project, officially picked by MGM Yonkar Inc.The operator’s local hand, should struggle with adequate competition as there is a plan to grant to New York only three Full gaming license.
MGM will build on its current offerings
Empire City Currently serves as a Harnes Ractrack and Video Lottery Terminal Facility, one of the two so -called “New York City”Rasinos“MGM’s plan is an attached Dramatic disasse Property, which has been a stability Westchester county for over a century. The proposal includes Gaming flooring again designedLuxury High-Limit Lounge, A dedicated BETMGM Sportsbook, and A 5,000 seats Entertainment venues.
Extended Empire City Casino will facilitate Three new restaurants And enhancing existing food options, providing unprecedented options to guests. A Multi-story parking garage Electric vehicle will ensure that the increased traffic does not affect the surrounding area when performing clean energy preferences of MGM.
MGM’s pitch takes advantage of the track record of Empire City as one Prolonged contributor For the local economy to reduce potential community pushbacks. Since the onset of its casino operation in 2006, the site has contributed $ 5 billion For New York’s Education Fund, or $ 1.6 billion Since its acquisition by MGM 2019Whether the company should obtain a reputed license, the construction should end by mid -2012.
Project should provide significant tax revenue
The company estimates that it will expand Thousands of jobs While increasing the annual tax contribution of yonkers more than $15 millionUnder the proposed revenue-sharing model, yonkers will receive 10% With tax fund, 5% Going to Westchester County and an additional 5% Shared between Rockland and Putam Counties.
Yonkar mayor Mike spano There has been a strong voice in support of MGM’s possible bid. He opposed that Empire City and Genting Resorts world In QueensOther large racenos in the area, Should be priority For casino license so that they can expand them Economic contributionMGM Resorts CEO Bill hornbakal It was optimistic that the project would receive traction and continue the legacy of Empire City.
Getting a full casino license will ensure that the Empire City Casino will remain a cultural and economic force for the coming generations.
Bill Hornbakal, MGM Resorts International President and CEO
While MGM face Sufficient competition For limited casino license, it stands A real chance To be successful. Other projects A CaesarBidding in times Square In partnership with Jay-Z’s Roc NationWith proposals from Balli, hard RockAnd another. However, Vyan resorts And Las vegas sands Recently withdrawn its applications, narrowing the area. with December The deadline is not far away, the race for casino license is still someone’s game.
