MGM Resorts has withdrawn its application to expand its Empire City "racino" in Yonkers, leaving just three bids competing for the three commercial casino licenses New York plans to award by the end of the year.
The move comes as the Gaming Facility Location Board approached its Oct. 14 deadline for applicants to submit supplemental materials, including projected tax rates on gaming revenue, revenue estimates under multiple licensing scenarios, and anticipated state and city tax revenue.
With MGM stepping aside, the competition for the three downstate licenses now includes just three viable bidders: Resorts World NYC and Metropolitan Park in Queens, and Bally’s Bronx proposal.
MGM stated in a press release issued late on Tuesday that changing economic and competitive conditions had rend