MGM Withdraws Yonkers Casino Bid: Mayor Demands Investigation
CBS New YorkNovember 5, 20252 min1,169 views
8 connectionsΒ·12 entities in this videoβMGM's Casino Application Withdrawal
- β‘ MGM has withdrawn its application for a $2.3 billion casino expansion project in Yonkers, just hours before the state's deadline.
- π‘ The company cited a "newly defined competitive landscape" and a recent guideline change affecting license duration as reasons for the difficult decision.
Mayor's Reaction and Demands
- π Yonkers Mayor Mike Spano expressed feeling "blindsided" and called MGM's withdrawal a "betrayal."
- π Spano is calling on Governor Hokll to launch an investigation into the circumstances surrounding the withdrawal.
Financial Implications and Potential Conflicts
- π° Officials in Yonkers had been anticipating significant job creation and millions in new tax revenue from the project.
- π Court documents reveal a potential $115 million payment to the Trump Organization if Bal's Corporation obtains a gaming license, a detail that concerns Mayor Spano.
Remaining Casino Bids
- π² With MGM's withdrawal, there are now three casinos competing for three available licenses.
- π The remaining applicants are Metropolitan Park Casino (Queens), Resorts World New York City Casino (Queens), and Bal's Casino (Bronx).
- ποΈ The New York Gaming Commission is scheduled to meet later today to discuss the applications.
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Whatβs Discussed
MGM ResortsYonkers CasinoCasino LicenseEmpire City CasinoMike SpanoGovernor HokllTrump OrganizationBal's CorporationNew York Gaming CommissionTax RevenueJob Creation
Smart Objects12 Β· 8 links
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LocationsΒ· 2
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