With the Caesars deal in place, it’s getting closer to the time for clarity about gambling at the stadium, which currently wouldn’t be allowed.
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Caesars Entertainment Corp., the operator of Caesars Palace and eight other Las Vegas casino properties, has signed a 15-year agreement to be a founding partner of the $1.8 billion Las Vegas stadium.
Bill Hornbuckle, an MGM executive and one of the nine members of the Las Vegas Stadium Authority board, on Thursday said his company fears that its customers would be “choked out” by people wanting to park close to the stadium on event days.
Financing bids to host big-ticket sporting events staged in Southern Nevada could be the biggest challenge ahead for a committee developing a report for state policymakers.
Revenue from room-tax collections have reversed a three-month downward trend producing the second-highest monthly level since collections began in March 2017.
Southern Nevada real estate professionals already have seen indications of an anticipated climb in local land values as a result of Las Vegas’ leap into big-league status.