$850M deal on hold between Empire City Casino and MGM

Posted: Updated:

A scheduled vote Thursday by the New York State Gaming Commission to approve the $850 million sale of Empire City Casino and Yonkers Raceway to Las Vegas-based Casino giant MGM has been delayed.

The meeting in Manhattan was postponed because the majority of commission board members couldn't get to it.

Yonkers Mayor Mike Spano says he's optimistic the sale will be approved.

"I don't foresee any issues. I think they're going to have a new date - that's going to happen pretty quickly. And then they'll meet and get this forward and get things moving,” said Spano.

A commission spokesman says there's no problem with the deal.

Members were scheduled to vote on several licenses that MGM would need to operate the facility.

MGM has been tight-lipped about its plans for the expansive property.

Mayor Spano says he expects the casino giant to have plans for a hotel and entertainment venue. Full casino gaming is also expected.

News 12 reached out to Empire City. A spokesperson said they had no comment on the Gaming Commission's canceled meeting. There is no word on when that high-stakes meeting will be rescheduled.

The state Gaming Commission says Empire City and Yonkers Raceway will continue to operate while the deal is finalized.

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