“The families are targeting a closing of the transaction by year-end, subject to the satisfaction of customary closing conditions and approval of the NBA Board of Governors,” said a statement released by the Adelson and Dumont families.
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According to the SEC filing, Dr. Miriam Adelson is buying a majority interest in the NBA team, which is owned by billionaire Mark Cuban.
The Formula One race was expected to generate $1.2 billion in economic impact. But some small businesses near the Strip say they didn’t see much of a benefit.
TSA officials expect over 98,000 people at Harry Reid International Airport on Sunday and 94,000 on Monday following the Formula One Las Vegas Grand Prix.
The head of Formula One’s parent company issued an apology to Las Vegas residents for the months of road work needed to prepare the Las Vegas Grand Prix circuit.
“It makes a bunch of sense,” LVCVA president and CEO Steve Hill said. “If you go out there now, traffic is better than it was before we built all this and that bridge is a big part of that.”
The Formula One Las Vegas Grand Prix is one of the top selling events this year globally on secondary ticket marketplace StubHub, while hotel room rates have stabilized.
After over 500 days of preparation, Formula One fans from around the world are ready to gather for the Las Vegas Grand Prix, the biggest event in the city’s history.
When thousands of race fans converge on Las Vegas later this month, it presents a huge economic opportunity. But some local residents still hate the idea.