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5, 2018 Drone footage of the Empire City Casino at Yonkers Raceway which was sold to MGM for $850 million. Ricky Flores and Peter Carr, The Journal News (Photo: Empire City Casino at Yonkers Raceway) ALBANY - MGM Resorts is expected to close in early January on its $850 million purchase of Empire City Casino and Yonkers Raceway. But the gambling giant is keeping its cards close to the vest on itsplans for thefacility just 15 miles from Times Square. Still, local officials said MGM is expected to pursue a hotel and theater, as well as other entertainment options as it hopes to land a full-scale gaming license from the state sooner rather than later. "Ive had a number of conversations with them.

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