Yonkers Racing Corp.

What Yonkers Racing Corp. does

Yonkers Racing Corp. owns and operates Empire City Casino at Yonkers Raceway, a single physical gaming and entertainment property located at 810 Yonkers Avenue in Yonkers, New York, approximately 20 miles north of Times Square. The facility combines a 4,600+ slot machine and electronic table game floor with live harness racing five nights per week, plus simulcast wagering from tracks nationwide. The property is licensed by the New York State Gaming Commission and has historically operated as a Video Lottery Terminal facility. Beyond gaming, the venue includes four dining outlets (The Pub, The Big Kitchen international food court, Empire City Chophouse, and Lil' Cocina), an Entertainment Lounge with live music on weekends, and an on-site NYS Lottery office.

The company is a wholly-owned subsidiary of MGM Resorts International (NYSE: MGM), which acquired the property in 2019. Under MGM ownership, the property is integrated into the MGM Rewards loyalty program, with points and tier credits redeemable across all MGM Resorts destinations nationwide. The product surface also extends to EmpireCityBets.com for online racing wagering, Play.EmpireCityCasino.com (a free-to-play online casino), and BetMGM sports betting, creating cross-channel customer engagement between the physical property and MGM's online gaming ecosystem. Marketing partnerships with Marriott Bonvoy, Southwest Airlines, Royal Caribbean, and other travel brands extend the MGM Rewards value proposition.

The revenue model is principally transaction-based: slot and electronic table game wagering drives the core GGR, supplemented by horse racing wagering (live and simulcast), food and beverage spend, entertainment, and lottery sales. Pricing is variable wagering on the gaming floor with no admission charge and free self-parking. The customer base is broad consumer walk-in traffic drawn from the Westchester County and Greater New York metropolitan area, with no enterprise/B2B customer concentration.

Name

Yonkers Racing Corp.

Legal name

Yonkers Racing Corp.

Website

https://empirecitycasino.mgmresorts.com

Company type

Private

Founded year

1940

Operating status

Operating

Short description

Yonkers Racing Corp. operates Empire City Casino at Yonkers Raceway, a licensed New York gaming and entertainment property featuring 4,600+ slot machines, electronic table games, and live harness racing, serving walk-in consumers from the Westchester County and Greater New York metropolitan area as a wholly-owned subsidiary of MGM Resorts International.

Ownership category

akta.pro rank

Product category

Casino and Gaming

NAICS

Casinos (except Casino Hotels) (71321), Gambling Industries (7132)

SIC

Services-Racing, Including Track Operation (7948)

akta.pro primary industry

Standalone Casino Properties (Urban/Suburban) (MPAEAAAB)

akta.pro secondary industries

Casino Slot Machines (Class III) (MPAEAJAA), Electronic Table Games (ETGs) & Stadium Gaming (MPAEAJAC)

Keywords

• Casino gaming operations
• Harness horse racing
• Electronic table games
• Slot machine gaming
• Loyalty rewards program

Headquarters

HQ city

Yonkers

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Gaming Operations: Revenue from Video Lottery Terminals (VLTs), electronic table games, slot machines. Tier Credits earned at 5 per $5 coin-in for VLTs and 5 per $15 coin-in for ETGs.
2. Horse Racing Wagering: Live harness racing with post time at 7:10pm ET on Mondays, Tuesdays, Thursdays, Fridays and Saturdays. Simulcasting from tracks nationwide.
3. Food and Beverage: Dining venues include The Big Kitchen (international food court), The Pub (sports bar), Lil Cocina (quick service), Empire City Chophouse (steakhouse). Earn MGM Rewards Points at 8 Tier Credits per $1 spent.
4. Entertainment: Live entertainment in the Entertainment Lounge on Friday and Saturday nights featuring various musical acts.
5. Lottery Sales: NYS Lottery Office on site selling and cashing lottery tickets during operating hours.
6. Online Gaming: Empire City Online Casino is a free-to-play website with no real money gambling. Revenue generated through brand engagement and customer acquisition.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Yonkers Racing Corp. owns and operates Empire City Casino at Yonkers Raceway, a single physical gaming, racing, dining, and entertainment destination in Yonkers, NY. Its core offerings are wagering-based: more than 4,600 slot machines, electronic table games, live and simulcast harness racing, NYS lottery sales, multiple on-site restaurants, a live entertainment lounge, and a free-to-play online casino, all tied together by the MGM Rewards loyalty program.

Product overview

Empire City Casino by MGM Resorts is a unified entertainment destination in Yonkers, NY, combining a physical casino with over 4,600 slot machines and electronic table games, live harness racing at Yonkers Raceway, an online casino platform (Empire City Online Casino), and sports betting via BetMGM. The property also offers diverse dining options including The Pub (sports bar), The Big Kitchen (international food court), Empire City Chophouse (upscale steakhouse), and Lil' Cocina (quick service), plus live entertainment at the Entertainment Lounge. All gaming and hospitality services are integrated through the MGM Rewards loyalty program, allowing points and tier credits earned across gaming, dining, and entertainment to be redeemed and recognized at MGM Resorts properties nationwide.

Differentiator

Problem solved

Functional benefit

Brands

• MGM Rewards: MGM Resorts International's loyalty program that rewards members for gaming, dining, entertainment, and hotel stays across all MGM properties nationwide.
• BetMGM
• Empire City Online Casino

Products and services

• Empire City Casino Premier casino and entertainment destination operated by MGM Resorts in Yonkers, NY, offering more than 4,600 slot machines, electronic table games, live harness racing, dining venues, and live entertainment, open daily 10am-6am with free admission and parking.
• Slot Machines
• Electronic Table Games Electronic versions of classic table games including Blackjack (minimum bets starting at $10 with 3 to 2 payouts), Roulette, Craps, Baccarat, and Sic Bo, with bets ranging from $5 to $1,000.
• Yonkers Raceway (Live Harness Racing) Live harness racing with post time at 7:10pm ET on Mondays, Tuesdays, Thursdays, Fridays, and Saturdays. Home to four major harness events: Yonkers Trot, Art Rooney Pace, Messenger Stakes, and the $1,000,000 International Trot. Simulcasting from tracks nationwide is also offered.
• Empire City Online Casino Free-to-play online casino accessible at Play.EmpireCityCasino.com, offering digital versions of casino games for entertainment on desktop and mobile devices with no real money gambling.
• BetMGM Sportsbook Mobile sports betting application (BetMGM) available for download, enabling users to place sports wagers and creating cross-platform engagement between the physical casino and MGM Resorts' online gaming platform.
• The Pub American gastropub with over 47 TVs for sports viewing, offering pub food options and drinks. MGM Rewards Points are earned at 8 Tier Credits per $1 spent.
• The Big Kitchen International food court featuring fresh pizzas, burgers, a Noodle Bar, Deli Corner, bakery, and frozen yogurt bar, located within Empire City Casino.
• Empire City Chophouse Upscale steakhouse offering prime steaks and an extensive selection of wines by the glass, open Friday and Saturday evenings with reservations available.
• Lil' Cocina Quick-service dining option offering burritos, sandwiches, pastries and more, located in Grand Victorian Hall at Empire City Casino.
• Entertainment Lounge Live entertainment venue featuring performances on Friday and Saturday nights from 10pm to 2am, hosting various musical acts.
• MGM Rewards Loyalty Program MGM Resorts International loyalty program allowing members to earn points and tier credits on gaming, dining, entertainment, and hotel stays, redeemable across all MGM properties nationwide and integrated with preferred partners including Marriott Bonvoy, Southwest Airlines, Royal Caribbean, Celebrity Cruises, Carnival, Cunard, Holland America, and Princess Cruises.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered flagship, core and minor.

• MGM Resorts InternationalflagshipStrategic or Co-development PartnerParent company ownership of Empire City Casino. MGM Resorts International is a global entertainment company with hotels and casinos nationwide. Empire City Casino operates under the MGM Resorts brand with full integration into MGM Rewards loyalty program.
• BetMGMcoreGTM or Marketing PartnerBetMGM is the sports betting and online gaming platform of MGM Resorts. Empire City Casino promotes BetMGM app downloads on its website, creating cross-platform customer engagement between physical casino and online gaming.
• Marriott BonvoycoreGTM or Marketing PartnerMGM Rewards preferred partner for hotel loyalty. MGM Rewards members can earn and redeem points with Marriott Bonvoy and access exclusive hotel offers.
• Royal Caribbean International & Celebrity CruisesminorGTM or Marketing PartnerMGM Rewards preferred cruise partner allowing members to earn and redeem rewards with Royal Caribbean and Celebrity cruise lines.
• Southwest AirlinesminorGTM or Marketing PartnerMGM Rewards preferred airline partner allowing members to earn and redeem rewards with Southwest Airlines.
• Carnival Cruise LineminorGTM or Marketing PartnerPartner in Play to Dock Challenge promotion offering cruise vouchers to qualified MGM Rewards members.
• CunardminorGTM or Marketing PartnerPartner in Play to Dock Challenge promotion offering cruise vouchers to qualified MGM Rewards members.
• Holland America LineminorGTM or Marketing PartnerPartner in Play to Dock Challenge promotion offering cruise vouchers to qualified MGM Rewards members.
• Princess CruisesminorGTM or Marketing PartnerPartner in Play to Dock Challenge promotion offering cruise vouchers to qualified MGM Rewards members.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Resorts World Catskills: A commercial casino resort in Sullivan County, NY operated by Genting Group. Directly competes with Empire City for downstate New York gaming customers and is the most relevant in-state competitor.
• Resorts World New York City: A VLT-only racino at the Aqueduct Racetrack in Queens, NY, operated by Genting. Competes with Empire City for NYC-area gaming customers in the same NYS VLT regulatory framework.
• Mohegan Sun: A large integrated casino resort in Uncasville, Connecticut, owned by the Mohegan Tribe. Competes for Northeast gaming customers within driving distance of Westchester and offers slot, table game, racing (at Mohegan Sun at Pocono), and entertainment.
• Foxwoods Resort Casino: A major Connecticut tribal casino owned by the Mashantucket Pequot Tribe. Directly competes with Empire City for Northeast gaming, dining, and entertainment customers with a similar slot- and table-game-driven business model.
• Rivers Casino (multiple): Operates regional casinos in Pittsburgh, Philadelphia, Schenectady (NY), and Des Plaines (IL), among others. Rivers Casino Schenectady is a particularly relevant in-state NY competitor with a similar VLT/slot model.
• Churchill Downs Incorporated: A racing and gaming operator with significant U.S. footprint including regional casinos and horse racing venues. Comparable to Empire City's racino model combining live harness racing with VLT/slot operations.

Broad incumbents

• MGM Resorts International: Parent company and majority owner of Yonkers Racing Corp./Empire City Casino. Operates a national portfolio of integrated casino resorts (Las Vegas, Atlantic City, Maryland, Mississippi, Macau) and shares brand, MGM Rewards, and BetMGM infrastructure with Empire City.
• Caesars Entertainment: A national casino operator with properties overlapping the Northeast market (e.g., Caesars Atlantic City). Operates Caesars Rewards, a direct competitor loyalty program to MGM Rewards.
• Penn Entertainment: A diversified regional gaming operator with dozens of properties across the U.S. Operates ESPN BET, a competing digital sportsbook to BetMGM, and shares the regional casino + racing + sportsbook structural model.
• Boyd Gaming: A multi-property regional gaming operator with casinos across the U.S. Comparable slot-floor and regional gaming economics, though with limited Northeast overlap.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/EmpireCCasino
• Facebookfacebook.com/EmpireCityCasino
• LinkedInlinkedin.com/company/mgm-resorts-international
• Instagraminstagram.com/empirecitycasino

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Yonkers Racing Corp.