YONKERS, New York (WABC) -- The mayor of Yonkers is calling for a state investigation now that MGM has folded its bid to build a casino in the area.

MGM was a leading contender to win one of the state's three casino licenses before pulling their bid Tuesday night , and whittling the field down to three.

"I got a call of the rumor that they might not be putting their paperwork in, 10 minutes to 4 p.m., and I said, 'there's no way that's true,'" Spano said.

Unfortunately for the city of Yonkers, the rumor was true.

The $2.3 billion deal to renovate and expand the Empire City Raceway into a casino is dead.

"I found out on the press release," Spano said.

The press release from MGM reads in part, "The newly defined competitive landscape - with four proposals clustered in a small geogra

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