MGM pulls New York City casino application, citing shifting economic assumptions Company also mentioned likelihood of receiving a 15-year license, half of what was originally expected It’s among the casino industry’s most shocking news this year In what’s arguably among the most stunning casino industry news of 2025, MGM Resorts International (NYSE: MGM) is out of the New York City casino competition — one in which the Bellagio operator was widely viewed as one of the leaders. A rendering if MGM’s Empire City in Yonkers as a Las Vegas-style venue. The operator stunned the gaming world by exiting the New York casino race. (Image: MGM Resorts International) Citing shifting economics, among other factors, the Las Vegas-based gaming company made the announcement Tuesday afternoon, calling it a “difficult” decision to not pursue a license that would have allowed Empire City Casino in Yonkers to be converted to a Strip-style gaming venue. Today, MGM Resorts made the difficult decision to withdraw its…Read MoreCategory: Commercial Gaming, Mid-Atlantic, Regional News, Regulation, commercial gaming, mid-Atlantic, regional ews, regulationSource: Casino.org