MGM Resorts is buying a racetrack and casino in Yonkers for about $605 million, as the company expands its East Coast presence. The hospitality and entertainment conglomerate said it plans to sell Empire City to MGM Growth Properties, the company’s real estate investment trust. MGM Resorts will lease the property back from MGP and operate it, the company said in a statement Tuesday. The transactions are expected to close in the first quarter of 2019. […]
source https://therealdeal.com/2018/05/29/mgm-resorts-to-buy-yonkers-casino-for-605m/
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