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MGM Resorts Invests $500K in Yonkers Raceway Track Renovation – Casino.Org News

Posted on: June 20, 2021, 10:39h.  Final up So far on: June 20, 2021, 10:39h. Steve Bittenbende.......

Posted on: June 20, 2021, 10:39h. 

Final up So far on: June 20, 2021, 10:39h.

Steve Bittenbender

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Trotters and pacers returned to Yonkers Raceway earlier this month, however not earlier than the historic harness monitor simply outdoors of NY metropolis accomplished a $500,000 renovation.

Staff renovate the monitor at Yonkers Raceway in Ny earlier this month. MGM Resorts Worldwide, which operates the historic monitor, spent $500,000 on upgrading the monitor. It marked The primary work on it in 15 yrs. (Picture: MGM Resorts Worldwide)

MGM Resorts Worldwide, which operates the monitor and the Empire City On line casino furtherly located there, said in A press launch it was The primary renovation of the 122-yr-previous monitor since 2006.

We’re extremely proud to make this vital funding Inside The sport,” said MGM Resorts Northeast Group Senior Vice chairman and Chief Monetary Officer Ed Domingo. “We now have A strong doc of offering Definitely one of many most safe harness monitors Inside the nation, and this regrading Will not solely shield that doc, however will enhance the competitiveness and pleasure of our races.”

Work started on Memorial Day weekend on the half-mile oval monitor. Enchancment crews laid 8,000 tons Of latest floor supplies with 6,000 tons of recycled monitor supplies and 64 tons of lime. Collectively with the resurfacing, crews raised the turns to create 14-diploma banks. These Carry out the steepest banks throughout the nation.

Track officers said The mannequin new floor Shall greater Get up to The trials of a yr-spherical racing schedule. Races are scheduled to Happen 234 days in 2021, with playing cards scheduled all by way of weekday evenings.

Staff furtherly put in new LED lighting To reinformationrce visibility.

Followers Allowed As quickly as more at Yonkers

The renovations concluded on June 9. That furtherly coincided with The primary day Yonkers welcomed again fans In further than a yr.

“Having fans again On the monitor having fun with racing in particular person Is An excellent step in the direction ofs absolutely returning to common racing operations,” said Alex Dadoyan, the director of racing at Yonkers.

The work furtherly wrapped up in time for Yonkers to host its legs of harness racing’s Triple Crown For every trotters and pacers. The $500,000 MGM Yonkers Trot and the $500,000 MGM Grand Messenger Stakes for pacers will each Happen on July 2.

MGM’s Empire City a Moneymaker

Aside from harness racing at Yonkers, Empire City On line casino provides Higher than 5,000 slot machines and digital desk recreation seats. However, The typical Quantity Of obtainable machines has been lowered over the previous 9 months since Ny allowed casinos to reopen.

In Might, Empire City averaged 3,216 open machines Daily.  Ny State Gaming Fee knowledge reveals the Yonkers casino has begun to see movement at ranges matching pre-pandemic play.

Final month, patrons performed $848.5 million and gained $790.5 million. Both of those totals have been The very biggest Empire City reported since Might 2019. That month, the MGM casino reported a deal with of $865.3 million and a payout of $804.6 million.

In the meantime, the $56.4 million internet win was the casino’s highest since Match 2019, when it took in $58.3 million.

As a Outcome of The mannequin new fiscal yr started in April, Empire City has reported a internet win of $112.6 million. Extra than half of that, or $56.9 million, goes in the direction of the Ny State Education Fund. After 10 % is taken out to pay gaming distributors, the operator receives The reprimarying. However, They Want to earmark 8.75 % of that in the direction of funding purses and 1.25 % goes to breeders.

Whereas full-fledged casino resorts aren’t Inside the playing cards this yr for downstate Ny, MGM officers have expressed an curiosity in pursuing Definitely one of many three licenses that Shall be made out there by 2023.