MGM Resorts International and its real estate arm, MGM Growth Properties, have finalized their $850 million purchase of the Empire City Casino and its 97 acres of developable land in Yonkers, New York, just 15 miles north of Manhattan’s Times Square.The purchase gives MGM — which opened its $960 million MGM Springfield resort casino in August — a fourth property in the Northeast. MGM bought out its partner and took control of the Borgata in Atlantic City in and opened MGM National Harbor in Maryland, both in 2016.The New York Gaming Commission approved the deal Monday, as well as MGM’s permission to run harness racing at the 120-year-old track. Continued racing is a requirement under Empire City Casino’s license to run slot machines.“We are pleased to welcome the 1,200 employees at Empire City Casino to the MGM Resorts family,” said Jim Murren, chairman and CEO of MGM Resorts, in a news release. “With this new addition to the MGM Resorts … [Read more...] about MGM finalizes $850 million deal for Empire City Casino in Yonkers, New York
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Newport police have arrested a New York man and charged him with forgery and fraud for his role in what they say is a multistate crime ring specializing in identity theft. Police Chief Leonard Macdaid said Mark Pignatello, 54, of Yonkers, New York, was arrested and charged with forgery, a Class C felony, and with misuse of identification, a misdemeanor. Pignatello was taken into custody Wednesday afternoon as he allegedly attempted to cash a fraudulent check at a Newport bank. Mark Pignatello Search photos available for purchase: Photo Store → “What’s been going on is that he’s part of a crime ring that covers six states – Maine, New Hampshire, Massachusetts, Vermont, New York and Connecticut,” Macdaid said Thursday. “They have stolen thousands and thousands of dollars from (a bank).” Earlier Wednesday, Macdaid said that Pignatello had attempted to cash a check for about $3,000 in Bangor, but was denied service. He later … [Read more...] about Newport police charge New York man with forgery and fraud
SPRINGFIELD -- MGM Resorts International will buy the Empire City Casino and Yonkers Raceway, a move aimed at solidifying the company's gaming presence on the East Coast. The sale of the Yonkers, New York gaming destination was reported by USA Today affiliate LoHUD.com. Jim Murren, chief executive officer of Las Vegas-based MGM Resorts, said the company is "excited to announce the addition of Empire City to the MGM Resorts portfolio," LoHUD.com reported. MGM Resorts will pay about $850 for the Yonkers casino, according to a company press release. "With Empire City's approximately 40 percent share of gross gaming revenues in the market, we believe there are significant opportunities for MGM Resorts to further drive growth," said Dan D'Arrigo, executive vice president and chief financial officer for MGM Resorts. The sale comes as MGM Springfield is set to open its $960 million resort casino project on Aug. 24. In August … [Read more...] about MGM Resorts International buys Empire City Casino in New York, bolstering East Coast presence ahead of Springfield opening
Ballot positioning is now all the talk, don’t you know? The more votes you get for governor in New York, the higher you get on the ballot. That’s why the Democrats are Line A and the Republicans are Line B. But now something interesting has happened. It turns out that Cynthia Nixon’s acceptance of the Working Families party nomination for governor has actually put the Republicans at risk. It now appears that the red elephants may come in third because the Working Families designation for Nixon may get that party more votes than the Republican candidate, putting the WFP on Line B. That, for a number of reasons, is scaring the stuffing out of the Republicans. If you were a bookie, you would still be figuring that Andrew will beat Nixon in the primary and become a third term governor. Right now Andrew Cuomo is leading in the polls but Nixon is coming up fast. Both the Nixon and potential Mark Molinaro candidacies are sure to divide the anti-Andrew vote, which will be … [Read more...] about Alan Chartock’s The Capitol Connection: New York politics are certainly in a state of flux.
Despite the national media's narrative of a political "blue wave" in this year's elections, Republicans have their own story to tell in New York. The party is younger and more diverse than it's ever been, and if you see us walking with a slight spring in our step it's not just because of the weather. The GOP here seems to finally be following the advice of several Republican National Committee analyses, including the Growth and Opportunity Project, published after the 2012 election, recommending that the party do more to attract the younger, more diverse, more liberal millennial generation, which has now surpassed the baby boomers to become the largest voting demographic in U.S. history. These recommendations were soon lost amidst President Donald Trump’s P.T. Barnum–style campaign that bear-hugged white nativism in its tiny little hands and never let go. article continues below advertisement However, there can be little doubt that in New York’s GOP, millennials … [Read more...] about New York’s GOP has reason to cheer, and it’s not Trump