MGM Abruptly Withdraws $2.3 Billion Casino Bid in Yonkers, Officials Demand Answers

MGM's Shocking Withdrawal

• ⚡ MGM has abruptly withdrawn its application for a full gaming license to expand its Empire City Casino in Yonkers.
• ⚠️ This last-minute decision occurred just hours before the state's deadline, surprising local officials and stakeholders.

Impact on Yonkers

• 💔 Yonkers Mayor Mike Spano called the move a "betrayal," emphasizing the significant potential for job creation and millions in new tax revenue that the project promised.
• 💰 The proposed $2.3 billion investment was seen as a "game-changer" for the community.

Investigation into Bally's Deal

• 🔍 Mayor Spano is calling for an investigation into the circumstances surrounding the withdrawal, particularly concerning a deal involving Bally's Corporation.
• ⚖️ Court documents reveal that the Trump Organization assigned a license to Bally's, with Bally's agreeing to pay an additional $115 million if they obtained a gaming license.
• ❓ Spano is concerned about this financial arrangement and seeks clarity from the governor.

Remaining Casino Bids

• 🎲 With MGM out, there are now three remaining contenders for three available full-scale casino licenses in New York.
• 📍 These include Metropolitan Park Casino in Queens, Resorts World New York City Casino in Queens, and Bally's Casino in the Bronx.
• 🗓️ The New York Gaming Commission is scheduled to meet to discuss the remaining applications.