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But with Empire City, MGM gives itself the closest gambling operation to New York City and will competewith Resorts World, which owns the largest racino in the state at Aqueduct Racetrack in Queens and a $1 billion casino in the Catskills. "This acquisition represents an excellent opportunity to further solidify our presence on theEast Coast, and in particular, expand our reach into the high-densityNew York Cityregion,"Jim Murren, chairman and CEO ofMGM Resorts International, said in a statement when the deal was announced in May. The sale willendthe 46-year ownership by the Rooney family of Yonkers Raceway that morphed into the video-lottery facility in 2006. Yonkers Raceway and Empire City Casino has been sold to MGM. Video by Jordan Fenster. Wochit MGM declined to comment about its plans in Yonkers as it awaits final approval of the sale from the state Gaming Commission.
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