The Empire Casino in Yonkers: Ownership and Impact on the Community

The Empire Casino in Yonkers, New York, stands as a testament to the economic and social transformation of the region. As one of the most prominent gaming establishments in the state, it has been a subject of interest regarding its ownership. This article delves into the history, current ownership, and the impact of the Empire Casino on the local community.

Ownership of the Empire Casino

The Empire Casino in Yonkers is owned by the Empire Resorts, Inc. This company, based in New York, is a well-known name in the gaming industry. Empire Resorts, Inc. operates not only the Empire Casino but also the Monticello Raceway and the Empire Resorts in Monticello, New York.

Empire Resorts, Inc. was founded in 1981 by Louis Cappelli, Sr. and his sons, Louis Cappelli Jr. and Frank Cappelli. The company started with the construction of the Empire City Casino in Yonkers, which was later renamed the Empire Casino. Over the years, Empire Resorts, Inc. has expanded its operations, making it one of the leading gaming companies in the state.

The Impact of the Empire Casino on the Community

The Empire Casino has had a significant impact on the Yonkers community, both economically and socially. Here are some of the ways in which the casino has influenced the area:

1. Economic Growth

The Empire Casino has been a major source of economic growth for Yonkers. Since its opening in 1993, the casino has generated millions of dollars in revenue for the city. This revenue has been used to fund various projects, including infrastructure improvements, education, and public services.

2. Job Creation

The Empire Casino has created thousands of jobs for Yonkers residents. These jobs range from entry-level positions to managerial roles, providing employment opportunities for people of all skill levels. The casino has also contributed to the growth of related industries, such as hospitality, transportation, and retail.

3. Community Development

The casino has played a crucial role in the development of the Yonkers community. It has supported various local initiatives, including the construction of affordable housing, renovation of public parks, and funding for arts and cultural programs. The casino has also provided financial assistance to local schools and non-profit organizations.

4. Revenue Sharing

The Empire Casino has a revenue-sharing agreement with the City of Yonkers. Under this agreement, the casino pays a portion of its revenue to the city, which is used to fund various public services and programs. This revenue-sharing arrangement has been a significant source of funding for the city, helping to improve the quality of life for its residents.

5. Tourism

The Empire Casino has become a popular destination for tourists visiting the New York area. It has attracted visitors from all over the country, contributing to the growth of the local tourism industry. The casino has also hosted numerous events and conventions, further enhancing Yonkers' reputation as a vibrant and exciting destination.

Frequently Asked Questions

Question 1: How did the Empire Casino contribute to the economic growth of Yonkers?

Answer: The Empire Casino has contributed to the economic growth of Yonkers by generating millions of dollars in revenue for the city, which has been used to fund various projects, including infrastructure improvements, education, and public services.

Question 2: What types of jobs are available at the Empire Casino?

Answer: The Empire Casino offers a variety of jobs, ranging from entry-level positions such as dealers and servers to managerial roles, including marketing, finance, and human resources.

Question 3: How has the Empire Casino impacted the local community?

Answer: The Empire Casino has impacted the local community by creating thousands of jobs, supporting community development initiatives, and contributing to the growth of the tourism industry.

Question 4: What is the revenue-sharing agreement between the Empire Casino and the City of Yonkers?

Answer: The revenue-sharing agreement between the Empire Casino and the City of Yonkers requires the casino to pay a portion of its revenue to the city, which is used to fund various public services and programs.

Question 5: How has the Empire Casino contributed to the growth of the tourism industry in Yonkers?

Answer: The Empire Casino has contributed to the growth of the tourism industry in Yonkers by attracting visitors from all over the country and hosting numerous events and conventions, further enhancing Yonkers' reputation as a vibrant and exciting destination.