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"It could be really good for Yonkers because of the investment they can make because they have deep pockets." The Rooney family had long sought to build a hotel and parking garage but was unable to put together the financial package to make it happen. MGM's purchase comes with myriad questions as the future of New York's gambling sector unfolds. For one, MGM has been aggressive in landing gambling partnerships with Major League Baseball, the National Hockey League and the National Basketball Association. The deals come after the U.S. Supreme Court in May allowed states to legalize sports betting. But the Gaming Commission in New York has yet to approve regulations to allow for sports betting. The state Legislature in June was unable to reach a deal to let racetracks with video-lottery terminals offer sports betting. So as state law currently stands, only four upstate casinos can offer sports betting when the commission finalizes the regulations. MGM and other racetracks might be able to partner with the upstate casinos to allowsports betting, but the scope remains unclear. Yonkers Mayor Mike Spano discusses the purchase of Empire City Casino by MGM Resorts and the company's $7 to $8 million real-estate-transfer payment to the city.
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