Story perspectives

MGM Pulls Yonkers Casino Bid, Investigation Called For

10/15/2025

Summary

Story summary

MGM Resorts has withdrawn its Yonkers casino bid, leaving three contenders for New York's upcoming licenses.
Yonkers Mayor Mike Spano described it as a betrayal and noted the shift toward a 15-year license instead of 30 years.
Westchester County Executive Ken Jenkins joined Spano in calling for an investigation into Bally's proposal and a $115 million payout to the Trump Organization.
MGM will continue operating its existing casino without expansion.

History

Historical Context

In 2013, New York legalized commercial casinos, allowing companies like MGM Resorts to compete for licenses. The New York State Gaming Commission awarded four licenses, anticipating $1 billion in revenue. However, tensions arose when MGM withdrew its Yonkers bid amid scrutiny from local officials, highlighting the complexities of casino licensing and the potential political ramifications for future gaming expansions.

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Story summary

MGM Resorts has withdrawn its Yonkers casino bid, leaving three contenders for New York's upcoming licenses.
Yonkers Mayor Mike Spano described it as a betrayal and noted the shift toward a 15-year license instead of 30 years.
Westchester County Executive Ken Jenkins joined Spano in calling for an investigation into Bally's proposal and a $115 million payout to the Trump Organization.
MGM will continue operating its existing casino without expansion.

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