For instance, the company wants to replace video lottery terminals with actual slot machines. But the team did provide some details on it. However, the CEO did not specify exactly how many billions the company plans on investing in the upgrade of its Yonkers gaming amenity. Hornbuckle shared that the operator was hopeful to invest several billion dollars in the first round of the expansion to put the venue at the top of the business, as well as secure a much-need parking garage at the NYC property. In an investor call this week, MGM Resorts’ CEO and President William Hornbuckle shared a few of the company’s ideas for the expansion. So far, the company’s Empire City Casino and Genting Malaysia’s Resorts World NYC are among the favorites to land two of the three. This will allow to fast-track the process by at least a year and issue the three licenses earlier. Last month, New York legislators officially included the acceleration of the downstate casino licenses in this year’s fiscal budget. However, in order to get its hands on one of those, the operator must first go through an application process.
Most recently, the company shared its plans to apply for one of the three downstate casino licenses for downstate New York. MGM Resorts, which already operates in New York State via Empire City Casino, has recently hinted at plans for further expansion in operations.
