Part of the payment will be in the form of MGM stock, and the deal is also contingent on whether Empire City is awarded a license for live table games on or prior to Dec. We look forward to welcoming the Empire City team and guests to the MGM Resorts family.” “This acquisition represents an excellent opportunity to further solidify our presence on the East Coast and expand our reach into the high-density New York City region. “We are excited to announce the addition of Empire City to the MGM Resorts portfolio,” said Jim Murren, chairman and CEO of MGM Resorts International.
Last week, MGM Resorts International announced the purchase of Empire City Casino and Yonkers Raceway for $850 million, in one of the largest real estate-business transactions in Westchester history.
