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MGM Resorts Int’l Withdraws Casino License Application
MGM Resorts International (MGM.US) has informed the New York Gaming Commission and the Gaming Facility Location Board that it is withdrawing its commercial casino license applicati...
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MGM Resorts Int’l Withdraws Casino License Application
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MGM Resorts International (MGM.US)      has informed the New York Gaming Commission and the Gaming Facility Location Board that it is withdrawing its commercial casino license application for its subsidiary, MGM Yonkers.

The company emphasized that this was a difficult decision to make, but the competitive environment and economic conditions have changed since the application was submitted in June, affecting the expected returns on the proposed USD2.3 billion investment project.
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