Time to roll the dice on a Yonkers casino: state Senate leader NYC developers eyeing casinos for Hudson Yards, Times Square, Willets Point, Coney Island As an affiliate of New York Life Investment Management, NYLCAP manages alternative assets for New York Life Insurance Company, its affiliates and other institutional investors.Dramatic bodycam footage captures NY cops rescue distraught thruway jumper as he dangled in mid-air NYLCAP manages over $5 billion of private equity assets, including direct equity, direct mezzanine, and limited partnership investments. Yonkers Raceway was advised by Callisto Partners (financial advisor) and Paul, Hastings, Janofsky & Walker (legal counsel). MML and NYLCAP were advised by Porter & Hedges, LLP (legal counsel), BKD, LLP (accounting advisor) and Spectrum Gaming Group (commercial advisor). MML brings a strong and proven track record of providing value beyond capital, and we look forward to their involvement in the Company.”

“Given our long standing relationship with the senior principals of MML, we’re very appreciative of their support in providing this financing along with their co-investor NYLCAP. Rooney, Chairman and CEO of Yonkers Raceway, said: Furthermore, we are delighted to have one of our limited partners, NYLCAP, co-invest alongside us in this transaction.” Timothy J. Given its prime location in the number one population center in the U.S., Yonkers Raceway is well positioned for future success.

Tim Rooney and the entire management team have done a superb job at transforming the Company into one of the largest gaming facilities in the Northeast. “We are very pleased to have provided this financing.

It also demonstrates the strong relationships MML maintains with its limited partners such as NYLCAP. This is the twelfth investment made from MML’s fourth fund and is another example of the firms ability to source, structure and close proprietary transactions. Following New York State legislation authorizing VGMs at the State’s horse racing facilities, YRC officially opened Empire City Gaming in late 2006. The Company was acquired by the Rooney family in 1972. Yonkers Raceway was founded in 1899 as the Empire City Trotting Club and became one of the preeminent horse racing facilities in the U.S. Located 15 miles north of mid-town Manhattan, Yonkers Raceway is home to Empire City Gaming which is New York State’s largest gaming facility with more than 5,300 video gaming machines (“VGMs”) – similar to Las Vegas style slot machines – in its 140,000 square foot gaming facility and averages more than 20,000 visitors each day.

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