MGM Resorts controls and holds a 73% economic interest in the operating partnership of MGM Growth Properties LLC (MGP). The deal, which is expected to close in the first quarter of 2019, calls for the MGM entities to acquire both the casino and raceway operations at the 97-acre Empire City property located off the New York State Thruway. Las Vegas-based MGM Resorts International and MGM Growth Properties LLC announced this morning they had reached an agreement to acquire the Empire City Casino here in a deal valued at $850 million. The deal, which is expected to close in less than 12 months, will put an end to 46 years of the Rooney family owning the iconic casino and harness racing complex in Southern Westchester County. YONKERS-A study that began last November on the future of the Empire City Casino property here has resulted in a sales agreement valued at $850 million.
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