MGM Resorts Is Buying Empire City Casino

(Yonkers, NY) -- MGM Resorts International is buying Empire City Casino and Yonkers Raceway.

The Las Vegas-based gambling company says it has reached an 850-million-dollar deal to purchase the renowned casino, which features more than five-thousand slot machines, and racing track from the Rooney family, which has owned the property for 46 years. The sale gives MGM more of a presence in the northeast and quite a desirable location at that, just 15 miles north of Times Square in Manhattan. The deal is expected to be finalized early next year.

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