“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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Six months after a grandbreaking event, no construction of the indoor golf club slated for the southwest valley ever took place.
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 new golf attraction at the Strat has about 30 hiring fairs on the schedule in November and December.
As the Strip got back to its usual bumper-to-bumper traffic, resort executives said Formula One’s Las Vegas Grand Prix went better than they had hoped.
Several resort operators are using incentive programs, including the chance to win luxury cars, to encourage their staff to work during the Las Vegas Grand Prix.
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.