It has officially ended its ambitious $2.3 billion plan to convert the Empire City Casino in Yonkers into a full-scale luxury resort featuring table games, sports betting, and live entertainment.
The Las Vegas-based casino giant cited “shifting economic and competitive conditions” and changing state licensing terms as reasons for the shocking decision.
The withdrawal comes when the race to win one of three commercial casino licenses in the New York City area enters its final stages. The remaining contenders have now been narrowed down to Genting Group’s Resorts World New York City in Queens, Bally’s Corporation’s Bronx resort, and a partnership between Steve Cohen, owner of the Mets, and Hard Rock International for a massive $8 billion project at Citi Field.
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