29th January, 2019 / News & Events
[As seen on WestFairOnline]

A day after receiving the go ahead from the New York State Gaming Commission, MGM Resorts International and MGM Growth Properties LLC announced this afternoon that they have completed the transactions for the acquisition of Empire City Casino in Yonkers.

Following MGM Resorts’ acquisition of Empire City for approximately $850 million, MGM Growth Properties acquired the developed real property from MGM Resorts for approximately $625 million and leased it back to a subsidiary of MGM Resorts that will operate the property, according to a statement by the companies.

CLICK HERE FOR THE FULL ARTICLE.