MGM resorts international buys Empire city casino in big apple, bolstering East Coast presence ahead of Springfield opening


SPRINGFIELD — MGM lodges international will buy the Empire city casino and Yonkers Raceway, a move geared toward solidifying the enterprise’s gaming presence on the East Coast.

The sale of the Yonkers, new york gaming destination turned into pronounced with the aid of u . s . a . nowadays affiliate LoHUDm.

Jim Murren, chief govt officer of Las Vegas-based MGM inns, noted the company is.”excited to announce the addition of Empire metropolis to the MGM lodges portfolio,” LoHUDm said.

MGM inns will pay about $850 million for agen judi piala dunia the Yonkers on line casino, in line with an organization press release.

4da1a46ec20cf93ee5c846a51e04f0ed,With Empire metropolis’s approximately forty p.c share of nefarious gaming revenues available in the market, we consider there are huge alternatives for MGM motels to extra power increase,” spoke of Dan D’Arrigo, govt vice chairman and chief financial officer for MGM hotels.

The sale comes as MGM Springfield is decided to begin its $960 million lodge on line casino venture on Aug. 24.

In August 2011, executives of the Mohegan Tribal Gaming ity blamed decreased revenues at Mohegan sun partly on the Empire city on line casino at Yonkers Raceway, according to the linked Press.

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