MGM Withdraws Yonkers Casino Table Games Proposal Amidst Controversy

MGM's Unexpected Withdrawal

• 🎯 MGM Resorts has unexpectedly dropped its proposal to add Vegas-style table games to its slots-only casino in Yonkers, New York.
• 💡 This decision comes as a surprise in the competition for downstate New York casino licenses, where MGM Empire City was considered a favorite for a full gaming license.

Industry and Political Reactions

• shock Veteran gaming observer Ryan Butler expressed disbelief, calling the move akin to stopping a marathon just before the finish line, given the years of planning and investment.
• 😠 Yonkers Mayor Mike Spano accused MGM of betrayal and suggested the possibility of political influence behind the decision.
• ❓ Governor Kathy Hochul stated she shares the mayor's disappointment but is not aware of any reason to launch an investigation into wrongdoing.
• 🗣️ Mayor Spano disagrees with the governor and believes an investigation is warranted to follow the money.

Potential Implications and Alternatives

• 🤝 MGM's withdrawal potentially benefits Bally Corporation, which has an agreement with the Trump Organization for a casino site in the Bronx.
• ⚠️ There are fears in Yonkers that MGM might close Empire City once casinos open in New York City, though MGM states its commitment to keeping it open.
• 📍 With MGM out, the remaining active casino applications are Bally's in the Bronx, Metropolitan Park near Citi Field, and Resorts World in Queens.
• 🗓️ The state is expected to grant up to three new licenses before the end of the year.