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Sport MGM CEO expects NBA team in Las Vegas within a few years

02:56  29 july  2020
02:56  29 july  2020 Source:   yardbarker.com

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I would expect that Las Vegas will have an NBA team within the next five years , if not sooner. These rumblings should come as no surprise to Las Vegas locals. The city has long been Many assumed that every game played in Las Vegas would be a pseudo road game for the home team

MGM Resorts International CEO Jim Murren said he is actively pursuing an NBA franchise to play at The NBA , which had its All-Star weekend in Las Vegas in 2007, has a presence in the city with the Jones, now a wing for the Miami Heat, is asymptomatic and expects to join the team when the NBA

The desert metropolis of Las Vegas is quickly becoming one of the new epicenters of the sports world. It started with the NHL’s Golden Knights earning a trip to the Stanley Cup Finals in their inaugural season back in 2017-18. The Raiders will soon play their first game in Las Vegas after officially relocating from Oakland earlier this year.

a city street filled with traffic at night: After acquiring the Raiders and seeing a successful launch of the Golden Knights, could Vegas have an NBA franchise in its future? © Kirby Lee-USA TODAY Sports After acquiring the Raiders and seeing a successful launch of the Golden Knights, could Vegas have an NBA franchise in its future? a city street filled with traffic at night: After acquiring the Raiders and seeing a successful launch of the Golden Knights, could Vegas have an NBA franchise in its future? © Kirby Lee-USA TODAY Sports After acquiring the Raiders and seeing a successful launch of the Golden Knights, could Vegas have an NBA franchise in its future?

Does this mean other pro sports leagues could be looking to Las Vegas as a potential destination? It sure looks like that’s the case.

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MGM ’s Las Vegas Strip properties were among the worst hit, with a 21 percent dip in revenue (Benjamin Hager/ Las Vegas Review-Journal) @benjaminhphoto. In the rapidly changing coronavirus environment, acting MGM Resorts International CEO Bill Hornbuckle found some definitives among

MGM will share with the NBA “anonymized real-time data.” This type of data will reflect player and team performance, and will be shared only after removal of Further, opponents of integrity fees contend that neither the NBA nor any other league sought integrity fees from betting operators in Las Vegas

MGM CEO Jim Murren expects an NBA team in Las Vegas within the next few years

This can’t be seen as a surprise. We’ve heard rumors about either a team relocating to Las Vegas or the NBA awarding the desert metropolis an expansion club here soon. The NBA Summer League has been a major hit in Vegas in recent years. The league also explored resuming its season in a bubble on the Las Vegas strip.

In fact, Mr. Murren opened up about the possibility of Vegas adding an NBA team years back.

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MGM CEO Jim Murren told the Review-Journal in an October 2016 interview that he was actively pursuing an NBA team he could move to Las The WNBA’s entrance in the market is the latest in a wave of professional sports announcements in Las Vegas . — This month, the NHL became the first

Las Vegas might eventually land an NBA team , but expansion or relocation aren’t in the current plans, commissioner Adam Silver said. He will be in Las Vegas for the NBA Summer League, which begins Friday at the Thomas & Mack Center and Cox Pavilion. Various league meetings also will take place

The demographics in Clark County, home of Las Vegas, seems to suggest that the NBA would do well in the desert. As of 2019, the population was 2.27 million. That’s an increase of nearly a million over the past two decades. With the tourism industry in Vegas and its locality to Southern California, a region that was previously seen as small market is viewed in a much different manner right now.

Las Vegas can show NBA the money

As we saw with the Raiders’ near-complete Allegiant Stadium off the Vegas strip, local authorities have had no issues helping foot the bill for professional sports venues. For the Raiders, that included an increase in hotel taxes impacting tourists more than the locals.

The expectation here is that local millionaires and billionaires would get involved in order to bring a team to Las Vegas. Remember, Sheldon Adelson was a part of the Raiders’ move to Nevada before backing out at the last minute. It’s also possible that T-Mobile Arena, the home of the Knights, could host an NBA team until a new arena is built.

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MGM 's (NSYE: MGM ) Chairman and CEO Jim Murren has the delicate task of mangaging a public company after Murren also addressed the tradegy within the earnings statement, "We again wish to thank our Shares of MGM Resorts International have risen 9 percent since the beginning of the year .

Las Vegas Sands (LVS), which owns the Venetian and Palazzo casinos on the Strip as well as the Sands Expo & Convention Center, has also suffered. The other major US casino companies will also likely discuss what's happening in Las Vegas when they report their latest earnings in the next few

Professional sports in Las Vegas

All of this comes with both Las Vegas and its biggest suburb, Henderson, openly discussing the possibility of adding a Major League Baseball team. Most recently, the Arizona Diamondbacks have been bandied about as a potential relocation candidate.

There were rumors that the Rio All-Suite Hotel and Casino off the strip could be demolished in order to make room for a new MLB stadium. The new owner of that property denied said claims late last year.

Despite this, land would not be an issue in either Las Vegas or Henderson. If the NBA is indeed interested in either expanding or relocating to Las Vegas, the city will be more than open to the idea.

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Las Vegas ’ newly relocated WNBA franchise will begin play in May at the 12,000-seat Mandalay MGM officials wouldn’t comment about the challenges they face, but one WNBA franchise has a Etess said he expects the Las Vegas franchise to struggle in its inaugural season but added that it

But MGM chairman and CEO Jim Murren said in 2016 during a special legislative session that he thought the league would have a team in Southern — The Golden Knights, the first Las Vegas team in one of North America’s four major professional sports, made this year ’s Stanley Cup Final in their


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usr: 1
This is interesting!