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MGM - Can MGM Resorts Mine New York City Casino Gold Before 2023?
MGM Resorts International
They say patience is a virtue, but MGM Resorts(NYSE: MGM) can't wait much longer: It wants the State of New York to grant its Empire City casino in Yonkers a full casino license within the next year or so.
MGM closed on its $850 million acquisition of Empire earlier this year on the basis of eventually being able to expand its operations beyond the existing slot machines and electronic table games. It believes the 97-acre property that contains the casino and the Yonkers Raceway horse track is a potential gold mine, and it's not wrong.