US casino operator MGM Resorts International has entered into an agreement to acquire New York's Empire City race track and casino for $850m.

The company, which operates leading casinos in five US states including the Bellagio in Las Vegas, said that the acquisition would expand its geographic footprint to the high-density New York region.

"We are excited to announce the addition of Empire City to the MGM Resorts portfolio," said Jim Murren, chairman and CEO of MGM Resorts. "This acquisition represents an excellent opportunity to further solidify our presence on the East Coast, and in particular, expand our reach into the high-density New York City region."

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