Author Topic: It's official Yonkers sold to MGM  (Read 22785 times)

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1804

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It's official Yonkers sold to MGM
« on: May 29, 2018, 09:29:26 AM »
Empirecity Yonkers Raceway bought by MGM for $850 miliion

bond

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« Last Edit: May 29, 2018, 09:36:51 AM by bond »

bond

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Re: It's official Yonkers sold to MGM
« Reply #2 on: May 29, 2018, 09:51:01 AM »
Im just amazed the Rooneys were 245 MILLION in debt?? WTF?

"Operations include 5,000 slot machines, some restaurants and a full schedule of harness racing, which MGM executives said they intend to continue."

LockedOnALine

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Re: It's official Yonkers sold to MGM
« Reply #3 on: May 29, 2018, 10:10:44 AM »
Empirecity Yonkers Raceway bought by MGM for $850 miliion


850 million seems like a bargain. I think Rooney got robbed! place is a goldmine.

John Esposito

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Re: It's official Yonkers sold to MGM
« Reply #4 on: May 29, 2018, 10:30:35 AM »
  THEY GOT THE JUMP ON THE CASINO BEFORE THE JERSEY BOYS DID.   AGAIN, TALK OF MOVING AQUEDUCT AND YONKERS TO A BELMONT SUPER TRACK, OR WILL MGM JUST SAY FUCK IT AND PLAN ON DUMPING YONKERS RACING ALL TOGETHER?

PA PETE

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Re: It's official Yonkers sold to MGM
« Reply #5 on: May 29, 2018, 10:38:20 AM »
Also looks like they get an additional 50 Million if they get a full casino license by 2022

The Exporter

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Re: It's official Yonkers sold to MGM
« Reply #6 on: May 29, 2018, 10:40:52 AM »
Netting one half billion dollars from a place that had  multi- million dollar red ink for many years, is not a bad deal. Don't forget all they pulled out in salaries and bonuses. As for the NYRA deal going forward, why would they. If MGM does not want to move forward with harness racing at Yonkers, they would need to find and build a track somewhere else, or not race at all. Then NYRA gets the only aset Yonkers holds, the "traditional harness nights". And, it cost them nothing.

The Exporter

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Re: It's official Yonkers sold to MGM
« Reply #7 on: May 29, 2018, 10:45:06 AM »
To answer the speculation of how MGM is most likely to address Yonkers Raceway component: How many racetracks does MGM own and operate?


PIGLAND

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Re: It's official Yonkers sold to MGM
« Reply #9 on: May 29, 2018, 11:32:00 AM »
i hope they can convince coumo that the racing is a waste of money at jonkers

Powerful Patricks Ghost

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Re: It's official Yonkers sold to MGM
« Reply #10 on: May 29, 2018, 12:06:40 PM »
To answer the speculation of how MGM is most likely to address Yonkers Raceway component: How many racetracks does MGM own and operate?

Zero point zero

shuffledagain

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Re: It's official Yonkers sold to MGM
« Reply #11 on: May 29, 2018, 12:16:27 PM »
Bigm short fields issue going to be solved by mgm tmbz1

Trottin Man

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Re: It's official Yonkers sold to MGM
« Reply #12 on: May 29, 2018, 12:54:12 PM »
I still think the Yonkers meet will be run on a mile track at Belmont. Small clubhouse and grandstand with sports betting. Makes the most sense. They could use the mile training track.

Yonkers1

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Re: It's official Yonkers sold to MGM
« Reply #13 on: May 29, 2018, 01:45:46 PM »
No need for a clubhouse or grandstand
Yonkers now the #1 track in the nation

Superfecta

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Re: It's official Yonkers sold to MGM
« Reply #14 on: May 29, 2018, 01:53:07 PM »
No need for a clubhouse or grandstand

Correct. 95% of the wagering is from home or another track.

 

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