Further, MGM Resorts and MGP have entered into a definitive agreement whereby MGP will acquire the developed real property associated with Empire City from MGM Resorts and lease it back to a subsidiary of MGM Resorts, after which a subsidiary of MGM Resorts will operate the property. (PRESS RELEASE) - MGM Resorts International and MGM Growth Properties LLC announced that MGM Resorts has entered into an agreement to acquire the real property and operations associated with the Empire City at Yonkers Raceway's race track and casino for consideration of $850 million.
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