***UPDATE*** By a 5-0 vote, a Queens neighborhood advisory committee (CAC) accredited Resorts World New York’s bid to transform that slots-only venue right into a Las Vegas-style on line casino, making that the second New York gaming venue to advance within the course of. It has not formally been awarded a downstate license — the method isn’t there as of but — however the CAC approval is a major step in the suitable course for the Genting-owned gaming venue.
- Property is the primary to make it by neighborhood advisory committee (CAC) course of
- MGM venue believed to be one of many leaders for 3 downstate on line casino permits
- Proposal has assist of Yonkers politicians, residents
MGM Resorts Worldwide’s Empire Metropolis On line casino in Yonkers, NY, received the approval of the neighborhood advisory committee (CAC) evaluating the bid, making the proposal the primary to advance past that stage.
A rendering of MGM’s Empire Metropolis On line casino in Yonkers, NY. A committee voted to advance the proposal to transform the venue to a Las Vegas-style on line casino. (Picture: MGM Resorts Worldwide)
Following a spate of high-profile departures and rejections, the sector of contenders for 3 New York Metropolis-area on line casino licenses has been narrowed dramatically, with Empire Metropolis confirming its long-held standing as one of many frontrunners.
We’re grateful to the Group Advisory Committee and our local people for demonstrating their continued assist for Empire Metropolis On line casino,” in response to a press release issued by the Las Vegas-based gaming firm. “For greater than 100 years, Yonkers Raceway and Empire Metropolis have been intertwined with the Metropolis of Yonkers. We look ahead to persevering with to drive well-paying jobs for native residents and offering tons of of tens of millions of {dollars} in annual training income to the State of New York.”
Empire Metropolis has operated as a slots-only venue since 2006. MGM accomplished its $850 million acquisition of Empire Metropolis and Yonkers Raceway in January 2019.
Empire Metropolis Has Benefits in NYC On line casino Competitors
Frequent hypothesis that the MGM venue is without doubt one of the clear leaders within the New York Metropolis on line casino race isn’t simply conjecture. It’s rooted in strong fundamentals.
As On line casino.org’s Devin O’Connor reported earlier this yr, from the time MGM took over the venue in January 2019 by the top of final yr, Empire Metropolis generated greater than $5 billion in income for New York Ok-12 public training. Throughout that point, the property was constantly one of many highest-grossing regional casinos within the US, and that was with out the good thing about desk video games.
MGM holds one other benefit in Yonkers: it doesn’t want to have interaction in from-the-ground-up development if it wins one of many three licenses. Whereas a considerable overhaul of the property will happen if it’s granted a type of permits, the operator estimates the property may be transformed to a Las Vegas-style on line casino lodge by 2027.
It’s additionally dwelling to MGM’s largest on line casino flooring within the US, implying there’s loads of room so as to add dozens of gaming tables. The operator already has 4,600 gaming gadgets on the ground, and if it’s granted a downstate license, 183 desk video games may very well be added. Fourteen new eateries are within the playing cards in addition to a 5,000-seat leisure venue.
New York On line casino Race Taking Form
Thursday will probably be a busy day on the New York Metropolis on line casino entrance. After the CAC accredited MGM’s bid by a 5-0 vote, an identical committee in Queens is anticipated to launch its determination on Resorts World New York.
Like Empire Metropolis, the Genting-operated venue in Queens has lengthy been considered as a frontrunner within the New York on line casino race, and for lots of the similar causes, together with familiarity with regulators, a prolonged observe report of producing income for the state, and a short while wanted to transform to a conventional on line casino.
A CAC vote on the $8 billion Metropolitan Park, additionally in Queens, is anticipated within the coming days. Led by New York Mets proprietor Steve Cohen and Onerous Rock Worldwide, Metropolitan Park is extensively considered as the opposite frontrunner along with Empire Metropolis and Resorts World.
