MGM Resorts International acquired the Empire City Casino and Yonkers Raceway in 2019 for $850 million. Since then, the gaming giant has generated more than $5 billion for the State of New York. A gambler at Empire City Casino at Yonkers Raceway plays a video lottery game. MGM Resorts says it’s generated more than $5 billion for the State of New York from gaming since it bought the property in 2019. (Image: AP) Empire City Casino is a racino that offers slot-like video lottery terminals (VLTs). The centralized VLT system is maintained by the New York Gaming Commission. Empire City retains 39.5% of the monthly gross gaming revenue (GGR) from its more than 4,400 VLT positions. Of the remaining net win, 50.5% goes to the New York State Education Fund and 10% goes to gaming manufacturers and the Gaming Commission. Since taking control of the Westchester County property, MGM tells Casino.org this week that its gaming operations have benefited K-12… Read More
Category: Commercial Gaming, #MGM, Empire City, MGM Resorts, New York, Yonkers
Source: Casino.org
