“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.
Just hours after the Nov. 18 Grand Prix concluded, MGM said it would move swiftly to get the area in front of its properties back to normal before Christmas.
Formula One operators say the two-day sale at The Venetian is “a token of appreciation” for what local residents showed through last week’s four-day event.
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.
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.
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.
“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.