YONKERS, N.Y., Oct. 14, 2025 /PRNewswire/ — MGM Yonkers Inc., a subsidiary of MGM Resorts International (NYSE: MGM), today withdrew its commercial casino license application to the New York Gaming Commission and the Gaming Facility Location Board.
MGM Resorts issued the following statement: “Today, MGM Resorts made the difficult decision to withdraw its application for a commercial casino license in Yonkers, New York.
Examples of these statements include, but are not limited to, the Company’s expectations regarding the commercial casino license application in New York and its Empire City Casino.
If the Company updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.
MGM RESORTS CONTACTS News Media: BRIAN AHERN, Executive Director of Communications media@mgmresorts.com View original content:https://www.prnewswire.com/news-releases/mgm-yonkers-withdraws-commercial-casino-license-application-in-new-york-302584000.html SOURCE MGM Resorts International
YONKERS N. Y. October. /PRNewswire/ — MGM Yonkers Inc. 14, 2025. , a division of MGM Resorts International (NYSE: MGM), retracted its application for a commercial casino license from the Gaming Facility Location Board and the New York Gaming Commission today.
MGM Resorts released the statement below.
“MGM Resorts decided to withdraw its application for a commercial casino license in Yonkers, New York, today, which was a difficult decision. Since submitting our application in June, our expectations for the return on the proposed $2.3 billion investment have changed due to changes in the economic and competitive assumptions that supported it.
“The returns we had originally expected from this project are under threat from the recently defined competitive landscape, which consists of four proposals grouped in a small geographic area. Additionally, our plan to upgrade and expand Empire City Casino was based on obtaining a 30-year commercial casino license; however, in light of recently released State of New York guidelines, we now anticipate being eligible for only a 15-year license. When combined, these incidents produce a proposal that is no longer consistent with our dedication to capital stewardship or that of VICI, our Yonkers real estate partner.
Since we acquired Empire City Casino in 2019, MGM Resorts has been a proud partner of the State of New York and the City of Yonkers. Over $5 billion for education in New York State has been raised by the property, of which $1.06 billion has come from our ownership. Although we are aware that our choice will have a significant impact on a large number of people, we are still dedicated to running the property as is and think it will continue to be successful in providing services to Yonkers and the surrounding areas. “.”.
Statements about the future.
Non-historical statements in this release are forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, as amended, and they contain risks and/or uncertainties, including those detailed in the Securities and Exchange Commission’s public filings for the company. The use of forward-looking terms like “believes,” “expects,” “could,” “may,” “will,” “should,” “seeks,” “likely,” “intends,” “plans,” “pro forma,” “projects,” “estimates,” or “anticipates,” or their negatives, or similar terms and phrases that are predictions of or indicate future events or trends and that do not only relate to historical matters, can be used to identify them. The company’s forward-looking statements are not based on historical facts, but rather on management’s present expectations and assumptions. The company’s expectations regarding the application for a commercial casino license in New York and its Empire City Casino are just two examples of these statements. Statements about the future rely on assumptions, information, or techniques that might be inaccurate or imprecise, and the company might not be able to achieve them. These predictions are subject to several risks and uncertainties. Risks associated with international operations, permits, licenses, financings, approvals, and other contingencies in connection with growth in new or existing jurisdictions, as well as additional risks and uncertainties detailed in the Company’s Form 10-K, Form 10-Q, and Form 8-K reports (including all amendments to those reports), are some of the significant factors that could cause actual results to differ materially from those indicated in such forward-looking statements. Other risks and uncertainties include competition with other destination travel locations and the economic and market conditions in the markets in which the Company operates, as well as the design, timing, and costs of expansion projects. Except as required by law, the Company makes no commitment to update these forward-looking statements publicly in response to new information, future events, or other circumstances. If the company makes changes to one or more forward-looking statements, it shouldn’t be assumed that it will also make changes to the other forecasts.
RESORTS MGM CONTACTS.
the news media.
Executive Director of Communications Brian Ahern.
media@mgmresorts.com.
The original content can be viewed at: https://www.prnewswire.com/news-releases/mgm-yonkers-withdraws-commercial-casino-license-application-in-new-york-302584000.html.
Global Resorts MGM is the source.
