MGM announced its plans last May to buy the racino from the Rooney family for $850 million, but the complexity of the deal left commission staff needing more than six months to complete the review. a relative of MGM Resorts International - to conduct harness racing at the track in 2019, to offer simulcasting and account wagering as well as video lottery gaming, and to approve a byzantine debt transaction of hundreds of millions of dollars. ![]() While the sports betting approval marked the middle of a complicated process, the four MGM votes marked the end of one: The 120-year-old racetrack is now under new management. Shortly after the board of the New York State Gaming Commission green-lighted preliminary rules for legal sports betting at upstate New York casinos on Monday, the board took further action on the sale of Yonkers Raceway to MGM. ![]()
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