MGM Walks Away from Billion-Dollar Yonkers Expansion, Stock Slides 4%

The mock-up for the previously proposed MGM casino in Yonkers.

MGM withdrew from a multi-billion-dollar application in New York to focus on other aspects of the business. The news out of New York this week has both investors and analysts scratching their heads after MGM Resorts International (NYSE: MGM) announced it was withdrawing its application for a commercial casino license… Continue reading MGM Walks Away from Billion-Dollar Yonkers Expansion, Stock Slides 4%

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