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 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.
The hotel-casino near the Las Vegas Strip has several offerings for those coming to town for November’s Formula One race.
Formula One officials are requiring businesses to pay a licensing fee to host watch events or run the risk of having their view obstructed.
The redevelopment of the Tropicana property is long overdue, said Bally’s Corp. chairman Soo Kim. The company is eager to get that underway as soon as possible.
Once among the most upscale properties on the Strip, a gilded treasure box of showgirls and celebrities, a destination spot in a destination city, the Trop courts a different clientele these days.
The condition would have been tied to the Las Vegas Festival Grounds, a 39-acre site the Oakland Athletics no longer are considering for a stadium.
The Los Angeles Dodgers won the 1963 World Series — and then they had some fun!