Transforming Empire City: MGM Seeks Full Casino Licence in New York
MGM Yonkers Inc., a subsidiary of MGM Resorts International, has officially filed its application for one of the three highly sought-after downstate New York full commercial casino licences. This move signals MGM’s ambition to transform the historic Empire City Casino in Yonkers into a world-class integrated resort destination.
The ambitious $2.3 billion redevelopment proposal includes the modernization of the existing casino floor, the addition of a 5,000-seat entertainment venue, a retail sportsbook, enhanced culinary offerings, and investments in public infrastructure. If approved by the New York State Gaming Commission and the Gaming Facility Location Board, construction would be completed by mid-2029.
A Historic Site Poised for Modern Transformation
Empire City Casino and Yonkers Raceway have long been staples of the downstate entertainment landscape. Opened as a racetrack in 1899, the venue has evolved over the decades but remains one of the largest video lottery terminal (VLT) facilities in the U.S.
“MGM’s plan isn’t just about gaming, it’s about revitalisation,” said MGM Resorts CEO Bill Hornbuckle. “We aim to create a landmark destination that supports jobs, improves infrastructure, and fuels long-term economic growth.”
The redevelopment includes road and water upgrades, traffic mitigation technologies, and water conservation systems — all part of MGM’s sustainability and community development ethos.
Economic Impact: Local Revenue and Job Creation
Currently, Empire City operates under a VLT licence and contributes significantly to the state’s education system, with over $5 billion in contributions since 2006, including $1.6 billion under MGM’s ownership since 2019.
If awarded a full licence, MGM’s proposal includes a tax revenue-sharing model where:
10% goes to the City of Yonkers
5% to Westchester County
5% shared between Rockland and Putnam counties
Additionally, the redevelopment is projected to create thousands of jobs, including unionised construction roles and permanent positions in hospitality, gaming, entertainment, and maintenance sectors.
Context: Competitive Casino Bidding in Downstate New York
MGM faces fierce competition for one of the three available licences. Other high-profile bids have been submitted by Caesars, Wynn Resorts, Hard Rock, and Las Vegas Sands, with proposals ranging from Times Square developments to Long Island resorts.
The selection process includes community advisory committee reviews, zoning clearances, and regulatory assessments that consider social impact, economic uplift, and operator experience.
MGM’s edge lies in its already operational site at Yonkers and deep local roots, which could allow for faster execution and stronger community support compared to greenfield developments.
Conclusion: Empire City Eyes a New Era
As the race intensifies for a downstate casino licence, MGM Yonkers’ $2.3 billion vision could be a turning point in the region’s gaming and entertainment landscape. The company’s focus on long-term investment, regional tax benefits, and employment growth aligns with New York’s strategic goals for responsible gaming expansion.
Should MGM’s bid succeed, Empire City could evolve into a cornerstone destination—fusing Yonkers’ rich racing legacy with the modern allure of a Las Vegas-style resort.
