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.
Casinos & Gaming
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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.
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.
Hotel room rates on the Strip are some of the lowest they’ve been for last-minute travelers to the Formula One Las Vegas Grand Prix.
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.
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.
Visitors during the inaugural Formula One Grand Prix can expect plenty of fanfare in Las Vegas. For some, they’re miles away from the track.
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.
Aristocrat Gaming this week unveiled its full roster of NFL-themed slot machines at the Global Gaming Expo.
The first officially licensed NFL slot machines hit Las Vegas casino floors Monday with Aristocrat Gaming’s Super Bowl Jackpots being activated at multiple properties.
The first-ever NFL-themed slot machines have touched down on casinos floors just ahead of the 2023 season.
The company that operates the Tropicana hotel-casino is working on two other big projects and waiting for a Major League Baseball relocation vote.
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