Empire City Casino Says Full Gaming License Would Create 2,500 Jobs at Yonkers Property
Empire City Casino in Yonkers is a favorite for single of the triplet full-scale gaming licenses that go valid next year for New York’s downstate region.
MGM Resorts operates Empire City, which is placed at the historical Yonkers Raceway inwards Westchester County. Speaking latterly with the Westchester Journal News, Taryn Duffy, vice chair of public affairs for MGM Resorts’ Northeast Group, said the cassino would proceed on a hiring fling should the readiness get I of the deuce-ace full-scale gaming concessions.
Duffy revealed that MGM projects would need to spread out its Empire City Casino workforce past around 2,500 positions. The casino’s elaboration from being only if a video drawing terminus and electronic tabular array game locale into a Las Vegas-style cassino resort hotel would also require several 1000 temporary mental synthesis workers.
MGM says the licence would additionally make thousands more indirect jobs past third-party contractors expanding their have operations to satisfy the casino’s growing demands.
MGM Solidifies Front-Runner Status
MGM Resorts agreed to acquire Empire City Casino at Yonkers Raceway inward May 2018 for $850 million. The cut-rate sale from the Rooney fellowship to the Las Vegas-based gambling casino heavyweight didn’t secretive until the followers January.
MGM later sold the gambling casino to its tangible demesne investiture bank (REIT), MGM Growth Properties, inwards a leaseback deal. MGM Growth Properties has since been acquired past VICI Properties — the REIT controlled by Caesars Entertainment.
MGM’s engage of Empire City was unimpeded past the property’s physical ownership ever-changing hands. MGM pays VICI $50 jillion a yr for the privilege of operating the cassino and racetrack.
For Empire City to live allowed to incorporate traditional Las Vegas-style one-armed bandit machines and unrecorded dealer table games, positive retail sports betting, MGM must obtain single of New York’s full-scale gaming licenses.
Once we are capable to really bid this total spectrum of entertainment that players need and are currently leaving the body politic to get, it testament appropriate us to farther place inwards the property,” Duffy said.
The state’s 2013 expansion of commercial-grade gambling casino gaming provided the quatern upstate casinos with a 10-year operating point free people of downstate casinos. The downstate moratorium expires add up 2023.
New York’s Gaming Facility Location Board will lead off fielding casino bids early next year. The leash winners aren’t expected to be announced until later(a) next year, but the consensus among gaming manufacture analysts is that Empire City and Resorts World New York City inward Queens, another VLT property downstate, are the odds-on favorites for II of the concessions.
Space Available
MGM says its Yonkers gaming locus is ready to expand into a full-scale casino. Duffy pointed come out that the attribute currently only if utilizes well-nigh 40% of its 97 acres, with most of the utilised blank presently being paved parking lots.
Yonkers Raceway opened inwards 1899 as a one-half-mile grease track. The raceway hosted thoroughbred racing inwards its early days, the 1937 Triple Crown winner Seabiscuit winning the Scarsdale Handicap at Yonkers a year before making history.
The racetrack moved to only if draw rein racing in 1942 and has remained as such since. The track’s cassino opened in 2006 with 5,200 VLT machines and electronic tabularize gaming positions.
Empire City Casino generated 144 gaming revenue of $624.6 gazillion during the 2021/22 fiscal year. group A minuscule to a greater extent than half (50.5%) of the hale went towards supporting public education, which is where New House of York allocates its VLT and electronic tabular array biz revenue revenue enhancement money.
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