NY gaming commission delays Empire City sale

MGM Resorts International is expecting its $850-million purchase of the Yonkers Raceway and Empire City Casino approved this month, but the New York Gaming Commission (NYGC) has postponed a meeting for this, giving no rescheduled date.

Hudson Valley-based The Journal News reported that the commission had postponed “until further notice” its January 3 meeting, where it was to tackle the Empire City deal.

In an e-mail to the news outlet, NYGC spokesman Brad Malone said the meeting had been moved due to “issues with a quorum of members.”

The deal had first been announced last May, with MGM saying it will sell Empire City to its real estate investment trust MGM Growth Properties for $625 million, after which the property will be leased to MGM for $50 million a year.