In the heart of New York’s Yonkers region lies the Empire City Casino, a bustling establishment known for its video lottery racino offerings.
Currently, it features a variety of slot machines, table games, harness racing betting, and international simulcasting.
However, the renowned MGM Resorts has set its sights on transforming this venue into a grander, more diversified entertainment complex.
MGM’s ambitious vision includes the conversion of the Empire City Casino into a full-scale commercial casino, complete with live-dealer tables, an array of slot machines, and an exclusive high-limit gaming area.
Furthermore, the plan encompasses additional on-site amenities such as a state-of-the-art BetMGM Sportsbook and Lounge, a selection of top-notch restaurants, and a colossal 5,000-seat entertainment arena.
The realization of this endeavor hinges on MGM securing one of the three coveted full commercial casino licenses currently up for grabs in the state of New York.
The timeline for the issuance of these licenses is expected to be disclosed in the forthcoming months, following the launch of the bidding process earlier this year.
Bill Hornbuckle, President and CEO of MGM Resorts, expressed his excitement about the project, highlighting MGM’s history of delivering world-class entertainment and gaming experiences.
He anticipates that the transformation of the Empire City Casino will create thousands of jobs, invigorate the state’s economy, and fundamentally transform the entire region into a thriving entertainment hub.
Mayor Mike Spano of Yonkers enthusiastically supports MGM’s casino bid, recognizing its potential to bolster economic growth in the area.
MGM’s projections indicate that the establishment of a full-scale casino could generate over $1.0 billion in new economic activity for the region.
Spano emphasized the historical significance of the property, which has been an integral part of the Yonkers community for 125 years.
He anticipates that this project will have a lasting impact, benefiting not only current residents but also future generations.
MGM, however, faces stiff competition in its quest to secure a New York casino license.
Other prominent players in the industry, including New York Mets owner Steve Cohen and Hard Rock International, are vying for the opportunity to develop an $8 billion casino resort at the Citi Field ballpark.
This ambitious Metropolitan Park complex would encompass a Hard Rock hotel and casino, a dedicated sportsbook site, a live music venue, a tailgate park, a food hall, and substantial new park space, potentially creating 15,000 permanent and construction jobs.
Caesars Entertainment, in collaboration with SL Green Realty, has also expressed its intent to open a Times Square venue, known as Caesars Palace Times Square, with backing from entertainment agency Roc Nation.
Furthermore, Las Vegas Sands, Wynn Resorts, Universal Entertainment, and other operators have expressed interest in entering the New York casino market.
The competition is fierce, and the stakes are high as these industry giants vie for the opportunity to shape the future of New York’s gaming and entertainment landscape.