MGM Resorts International is buying a harness-racing track and casino outside New York City for about $605 million, helping the gambling-venue owner expand its East Coast presence.
MGM will acquire the Empire City Casino in Yonkers, N.Y., from the Rooney family, which has owned the operation at Yonkers Raceway for more than four decades. The Wall Street Journal reported in November that the casino was exploring strategic alternatives, including a possible sale or partnership. MGM will also assume about $245 million of debt...