MGM wants Full Casino at Yonkers Now

[kantseeback]

if any of you is old enough you remember there was a crude dirt training track behind the paddock building at yr. mgm has mega money. a good plan would be to scrap the entire grandstand and track and build a new grandstand and 1 mile track roughly where that old training track was. then they can use the footprint of the existing track and grandstand for a big new hotel and casino

[augustaandy]

The Belmont renovations included accommodations for winter racing. Take a closer look at that, once Aqueduct receives an actual gaming license what does that tell you?

That doesn't get Genting (Aqueduct) and MGM (Yonkers) a full casino license prior to 2023.

The other casinos paid up to 300 million each in licensing fees to have exclusivity in the state. If that agreement is broken, they will want much of that back. NY won't pay it and Yonkers and Genting will not wish to pay it for an additional 4 years.

The entities can work it out before then, that would be the only way. 

[The Exporter]

if any of you is old enough you remember there was a crude dirt training track behind the paddock building at yr. mgm has mega money. a good plan would be to scrap the entire grandstand and track and build a new grandstand and 1 mile track roughly where that old training track was. then they can use the footprint of the existing track and grandstand for a big new hotel and casino

Where is the up-side to building a new track and grandstand for MGM? Getting a full gaming license is not an if but a when? 

[Ignorance Is Bliss]

if any of you is old enough you remember there was a crude dirt training track behind the paddock building at yr. mgm has mega money. a good plan would be to scrap the entire grandstand and track and build a new grandstand and 1 mile track roughly where that old training track was. then they can use the footprint of the existing track and grandstand for a big new hotel and casino

Where exactly will the hotel, restaurants, theater and shopping go? Do you really think they're staying within the footprints of the existing buildings? And where do you think they will make more money, a full blown Casino/Resort with all those entertainment amenities people actually want with headline events, or a harness track. Even if this is 3 years down the road, that goes by pretty fast.

[kantseeback]

Where exactly will the hotel, restaurants, theater and shopping go? Do you really think they're staying within the footprints of the existing buildings? And where do you think they will make more money, a full blown Casino/Resort with all those entertainment amenities people actually want with headline events, or a harness track. Even if this is 3 years down the road, that goes by pretty fast.

I used to live on the upper west side near Columbia university for 25 years. it took me 12-15 minutes to drive to yr. do you think perhaps there will be a draw for the 8-10 million people of nyc to travel 15 minutes to experience a top notch gambling mecca, perhaps the only one of its kind on the east coast? within driving distance of perhaps 25-35 million people.

[Ignorance Is Bliss]

I used to live on the upper west side near Columbia university for 25 years. it took me 12-15 minutes to drive to yr. do you think perhaps there will be a draw for the 8-10 million people of nyc to travel 15 minutes to experience a top notch gambling mecca, perhaps the only one of its kind on the east coast? within driving distance of perhaps 25-35 million people.

100% agree, and will not include a racetrack. This is a corporation that plays by solid numbers and is responsible for protecting stockholders. Nothing will be given, unless the horsemen can walk in like businessmen and present a viable proposal that proves there's money to be made. You know how many acres a mile track covers? And yes I know where the old jog track was. Overlay a mile on the property, think MGM will give up one square inch? What sounds good for "us" won't sound good for them.

[augustaandy]

100% agree, and will not include a racetrack. This is a corporation that plays by solid numbers and is responsible for protecting stockholders. Nothing will be given, unless the horsemen can walk in like businessmen and present a viable proposal that proves there's money to be made. You know how many acres a mile track covers? And yes I know where the old jog track was. Overlay a mile on the property, think MGM will give up one square inch? What sounds good for "us" won't sound good for them.

there will be no racing at Aqueduct or Yonkers one day, but according to the "current laws", the purse monies will follow the horses where ever they do race

[kantseeback]

100% agree, and will not include a racetrack. This is a corporation that plays by solid numbers and is responsible for protecting stockholders. Nothing will be given, unless the horsemen can walk in like businessmen and present a viable proposal that proves there's money to be made. You know how many acres a mile track covers? And yes I know where the old jog track was. Overlay a mile on the property, think MGM will give up one square inch? What sounds good for "us" won't sound good for them.

there are 2 parts to that property 1 is the hilltop and the other is the valley. perhaps if racing continues there will be enough acreage in one of those spots for a mile track. it is an overall huge plot

[Superfecta]

Missing the point, he did what he had to do. It worked. Point is when it comes down to it with enough support from the board any moratorium can be lifted. Any limit can be lifted. And if that happens...let's just say they won't be crying about keeping the barns at Yonkers. Unless you want to jog in the parking lot.

Resorts World will be out as soon as Yonkers/Aqudump gets tables.  Crazy how the state didn't want a casino at Tioga yet it is the only healthy casino in the state.