That’s the price paid by MGM in 2019 to purchase Yonkers Raceway and the adjoining Empire City racino, a slots parlor with thousands of machines but no sports betting and no live dealers for table games. Perhaps even more ominous is that as soon as December 2022, up to three casino licenses can be issued in the New York City area - and MGM Resorts has 850 million reasons why it believes it will get one of those licenses. That’s especially true in New York, where unlike in many states, the mobile sports betting apps will not have to find a willing casino (or racetrack) partner to get a license. Caesars Palace Online Casino Bonus CodeĪll was quiet at the Resorts World Catskills casino on Wednesday afternoon - maybe a little too quiet.Īfter all, online sports betting is coming to New York State next year - and while the casino industry has learned that fears of cannibalization were overblown, that doesn’t mean it will help land-based casinos, either.
