2. Casino: The existing casino floor will be fully revamped with an upscale, modern interior featuring mixed metals, pops of color and contrasting materials. The casino floor will include high-limit gaming spaces. We will continue the operation of our historic horseracing track as well as parimutuel operations, ensuring ongoing purse payments.

3. Food & Beverage: Five new restaurant venues would be added, including a multi-concept Food Hall, and new beverage concepts featuring a center bar, a high limit lounge and two additional walk-up bars.

4. The Theater and Meeting Space: Leaning further into what we do best, Empire City Casino would be expanded to include an entertainment venue with a maximum general admission capacity of 5,100 as well as an estimated 9,300sf of meeting space and prefunction spaces. The Theater, meeting rooms, and associated back-of-house spaces would total approximately 162,250sf of new development. We would leverage our reputation and expertise as a leading entertainment provider to welcome world-class performances and events.

5. BetMGM Sportsbook: We would feature a sports betting retail location in partnership with BetMGM, our market-leading online sports betting joint venture operating in New York and throughout North America. The BetMGM Sportsbook would be a combination of redeveloped space and new build of approximately 10,100sf featuring seating, LED TV screens, and a full-service bar.

6. Parking Garage: We would construct an approximately 4,800-space covered parking garage with direct access to the building and topped with solar energy arrays to achieve or exceed New York State’s requirement of 10% of energy from renewable sources.

7. Employee Experience: The redevelopment would include employee and back-of-house areas with a new employee dining room, new locker rooms, break rooms, and offices. We would also develop a new employee administrative building supporting an on-site hiring center and table games dealer training school.

Tax Contributions – “If awarded a license, 80% of MGM Yonkers’ tax revenue will go to the New York State Education Fund. Because of the “Education Hold Harmless” requirement, if this amount falls short of our FY 2022 level of contribution ($315 million), we will be uniquely required to make up the shortfall (including during our construction period). The remaining 20% of our gross gaming tax revenue contributions will be split between the City of Yonkers (10%) and Westchester, Rockland, and Putnam counties (10%). We also will be obligated to continue funding substantial horse racing purses amounting to more than $70 million by Year 4 of operations 1 – something that does not apply to non-VGM Facility applicants. All of this results in an effective rate of tax that is 71% higher than the minimum prescribed rates (based on 2029 Average Pro Forma) and ensures a higher tax rate than what might otherwise be collected from other candidates,” MGM Yonkers stated in its application.

Employment Impacts – “We will work with our union partners and general contractors to encourage participation in the contracts and labor force needed to renovate and expand Empire City Casino. MGM Yonkers intends to meet New York State’s 30% MWBE and 6% SDVOB contract utilization rate for the project’s construction and ongoing capital projects,” MGM Yonkers stated.

In its application, MGM Yonkers stated that construction is estimated to generate approximately 3.8 million hours in construction labor with an estimated daily average of approximately 557 FTEs. “Due to the nature of construction work, with the labor of each trade being needed for specific periods of time during the overall construction period, we estimate this translates to 6,500 individual workers expected to work on site throughout construction,” MGM Yonkers stated in its application. In addition, MGM Yonkers noted that it would work with its union partners and general contractors to encourage participation in the contracts and labor force needed to renovate and expand Empire City Casino and intends to meet New York State’s 30% MWBE and 6% SDVOB contract utilization rate for the project’s construction and ongoing capital projects.

• Estimated Total Headcount: 2,287 to 3,057; Incremental Full-Time Headcount: 1,412 to 2,104; Incremental Part-Time Headcount: 222 to 300.
• Median Pay in the Average RFA Case Scenario: $112,316
• Average Pay Range per FTE: $121,968 to $130,679

Revenue Projections – Based on the RFA’s revenue scenarios, MGM Yonkers is expected to annually generate between approximately $1.03 billion and $1.39 billion in gross gaming revenue, all of which is an increase of between approximately 92% and 129% over current video lottery terminal operations.

Community Advisory Committee Appointees

Gov. Kathy Hochul appointee: Maria Fernandez, Deputy Secretary for Education, Gov. Kathy Hochul

State Sen. Andrea Stewart-Cousins appointee: Larry Wilson, local resident

Assemblyman Nader Sayegh appointee: Frank Jereis, Chief of Staff, Assemblyman Nader Sayegh

Westchester County Executive Kenneth Jenkins appointee: Joe Apicella, Executive Vice President, MacQuesten

Development

Yonkers Mayor Mike Spano appointee: James Cavanaugh, Former Yonkers Deputy Mayor