MGM Resorts In Talks for Possible NHL Las Vegas, Nevada Team

MGM Resorts In Talks for Possible NHL Las Vegas, Nevada Team

MGM Resorts is evaluating bringing a NHL team to Las Vegas, but would such a venture be profitable?

MGM Resorts Global is in preliminary talks with a combined team that wants to bring A national Hockey League Team to Las Vegas to relax and play during the company’s new $350 million sports arena. The 20,000-seater MGM-AEG Arena, which is currently under construction behind ny ny, is crying out for a league that is major to call it home, since may be the whole city of Las Vegas.

The company’s CFO Dan D’Arrigo divulged the information during a meeting because of the Las Vegas Review-Journal, although he declined to express if the talks devoted to the creation of a new team or of a preexisting team going towards the city. Conveniently, AEG, MGM’s partner in the arena, already owns the Los Angeles Kings NLH team.

MGM and AEG went ahead using the sports arena project with no guarantee of a major league resident, because they were confident it could attract 100 to 150 occasions per 12 months, by having a constant stream of concerts and honors programs, as well as mixed martial arts and boxing events, hockey and college basketball tournaments.

UFC, the largest blended martial arts company worldwide, owned by Stations Casinos’ Fertitta brothers, has pledged to put on five or six fight that is annual at the stadium. The Fertittas are also head honchos at Ultimate Gaming, Stations’ online poker existence in Nevada.

Media R Continue reading “MGM Resorts In Talks for Possible NHL Las Vegas, Nevada Team”

Massachusetts Pro-Casino Referendum Takes the afternoon

Massachusetts Pro-Casino Referendum Takes the afternoon

Ah, sweet victory: Steve Wynn’s Everett, Massachusetts casino can finally move ahead after a referendum vote supporting casinos passed last night.

Residents of Massachusetts have plumped for to uphold the state’s three-year-old casino law, voting overwhelmingly in yesterday’s midterms in favor of maintaining the fledgling casino market, due to the fact polls had predicted.

Somewhat confusingly, ‘no’ meant ‘yes’ for casinos on this ballot, as voters were asked whether or not the law should really be repealed, with 59.5 % to 40.5 percent deciding that no, it should never be repealed, meaning that yes, they wanted casinos.

Some commentators have suggested that the language used in posing the relevant question was deliberately muddled and designed to confuse.

However, it is a victory for MGM and Wynn Resorts, who may have had their respective projects offered the greenlight by regulators and who can now finally and definitely move forward with the licensing process, a privilege which is why they will fork out $85 million an item before a cornerstone that is single laid.

Not surprisingly, casino executives had been jubilant and anxious to emphasize just what the casinos will do for their future communities.

‘Voters across the Commonwealth of Massachusetts today voiced their support of the 10,000 job that is permanent and significant economic benefits provided by the Gaming Act of 2011,’ said pleased MGM Chairman and CEO Jim Continue reading “Massachusetts Pro-Casino Referendum Takes the afternoon”