MGM Withdraws New York Casino Bid Amid Shifting Economic Landscape
MGM Resorts has unexpectedly withdrawn its commercial casino license application for Yonkers, New York. The company cited shifting economic assumptions and a reduced license term expectation as key factors. This development significantly alters the competitive landscape for New York’s coveted casino licenses.
MGM Abandons $2.3 Billion Yonkers Casino Project
MGM Resorts International has made the surprising decision to withdraw its commercial casino license application for Yonkers, New York, according to company statements released this week. The withdrawal marks a significant shift in the competitive landscape for New York’s coveted casino licenses.