MGM Resorts backs out of the race for a New York City area casino license (MGM:NYSE)

Core Viewpoint - MGM Resorts International has withdrawn its application for a commercial casino license in Yonkers, New York, indicating a strategic shift in its expansion plans in the region [2] Company Summary - The company submitted its application to the New York Gaming Commission and the Gaming Facility Location Board but has decided to retract it [2] - This decision reflects MGM's reassessment of its business strategy in the competitive gaming market [2] Industry Summary - The gaming industry in New York is experiencing significant changes, with various companies vying for licenses and market share [2] - The withdrawal of MGM's application may impact the competitive landscape and future developments in the New York gaming sector [2]