Multiple news sources have confirmed, including lohud.com and streetinsider.com, that Empire City Casino (Yonkers Raceway) was sold on Monday to MGM Resorts. The sale ends a 46-year run of ownership by the Rooney family. “Our vision for this property has always been to develop it into one of the world’s greatest entertainment destinations,” said Tim Rooney, President and CEO of Empire City. The Las Vegas-based MGM purchased the property for $850 million and clearly hopes to see a full-scale casino in place by 2021 when legislation permits downstate expansion. To read the lohud article, click here. For the streetinsider piece, click here.