As expected, November’s Formula One Las Vegas Grand Prix boosted the average daily room rate visitors paid, especially on the Las Vegas Strip.
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The NBA Board of Governors is expected to complete the vote on the sale of a majority share in the Dallas Mavericks basketball team within a few days via email.
Vote to consider approval of Miriam Adelson’ acquisition of a majority share of the NBA’s Dallas Mavericks from billionaire Mark Cuban was scheduled to begin Wednesday.
The Dallas Mavericks played in the first NBA game on an Indian reservation when they met the Phoenix Suns in Kykotsmovi, Arizona, in 1986.
Revenue records were shattered during November’s Formula One race. The live entertainment tax collection was between $30 million and $35 million, the LVCVA said.
Company officials would not say what the land could be used for, but it’s large enough for an integrated resort-casino with a new NBA-ready arena.
Gaming and tourism industry analyst says the UNLV tragedy shouldn’t impact visitation to Las Vegas.
The stock sale provides the funds necessary for Dr. Miriam Adelson to acquire a majority stake of the NBA’s Dallas Mavericks.
With Sands shareholder Miriam Adelson near to completing the sale of $2B in stock to buy a majority interest in the Dallas Mavericks, a role in the Oak View project has been dismissed.
“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.
According to the SEC filing, Dr. Miriam Adelson is buying a majority interest in the NBA team, which is owned by billionaire Mark Cuban.
Wynn Resorts Ltd. expects to generate the most revenue for a three-day period in its history next week when the Formula One Las Vegas Grand Prix rolls into town.
Bally’s Corp., which operates the Tropicana, sees short-term pain, but long-term gain with its stadium project with the relocated Oakland A’s baseball team.
The company that operates the Tropicana hotel-casino is working on two other big projects and waiting for a Major League Baseball relocation vote.
Bill Hornbuckle, chairman and CEO of MGM Resorts, said the company plans to build better connectivity with the A’s planned stadium on the Strip.