The Empire City Casino at New York’s Yonkers Raceway has brought financial advisors, JP Morgan on board as owners begin to pursue partnerships with a view to expansion.
Situated just north of New York City, the casino premises is but one of many benefiting from the state’s recent gaming resurgence where growth has become a norm as players more readily skip trips to out of state gaming destinations like Atlantic City.
“We believe our prime location and outstanding accessibility will serve as a unique platform to create one of the world’s leading gaming, hospitality, and entertainment venues,” said Empire City president and CEO, Timothy Rooney, in a statement.
“We are excited to explore opportunities with potential partners who can build on the strong foundation we have established.”
Whilst currently riding a wave of positivity, this search for partnerships is a timely one as the increased competition in New York state as well as that within the wider north east means standing still is tantamount to regression at present.
The premises currently only offer slots and electronic versions of table games, but still draws in some $500m in gross gaming revenues per annum.
A wholesale expansion at Empire City would stand it in good stead if the state is to finally go through with an awarding of extra fully-fledged casino licenses with the premises sure to be high up the list in the eventuality.