MGM drops out of the casino race 

Long considered a shoo-in for one of three casino licenses up for grabs in New York, MGM Resorts has dropped out of the competition.  The company, which pitched a $2.3 billion expansion of its facility in Yonkers, announced Tuesday that it is withdrawing its proposal.  The news comes as a surprise, after a community advisory committee unanimously approved the proposal last month. The casino, alongside another existing slot parlor, Queens Aqueduct Casino, seemed best positioned to snag two of the available state licenses, given that they already had operating facilities.   But in a statement, MGM blamed the decision on “a […] This article originally appeared on The Real Deal. Click here to read the full story.