MGM Withdraws from NYC Casino Race, Paving Way for Competitors
MGM has withdrawn from the NYC-area casino license race, leaving three bids from Steve Cohen, Bally's, and Resorts World, with the decision expected by Dec. 1. The withdrawal has sparked accusations of potential manipulation in the licensing process, particularly involving Bally's and its deal with Donald Trump. MGM cited a changed competitive landscape and licensing terms as reasons for its exit.