Posted on

MGM Resorts In Talks for Possible NHL Las Vegas Team

MGM Resorts In Talks for Possible NHL Las Vegas Team

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

MGM Resorts Global is in preliminary talks with team that wants to bring a nationwide Hockey League Team to Las vegas, nevada to try out at the company’s new $350 million sports arena. The 20,000-seater MGM-AEG Arena, which is presently under construction behind ny ny, is crying out for a league that is major to call it house, as is the whole city of Las Vegas.

The company’s CFO Dan D’Arrigo divulged the information during an interview aided by the Las vegas, nevada Review-Journal, although he declined to express perhaps the talks devoted to the creation of a team that is new of a preexisting group moving towards the city. Conveniently, AEG, MGM’s partner in the arena, currently 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, that it could attract 100 to 150 events per year, with a steady stream of concerts and awards shows, as well as mixed martial arts and boxing events, hockey and college basketball tournaments because they were confident.

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

Media Rumors

Rumors have Continue reading MGM Resorts In Talks for Possible NHL Las Vegas Team

Posted on

Live! Hotel and Casino Wins South Philadelphia Permit

Live! Hotel and Casino Wins South Philadelphia Permit

Musician’s rendering for the Live! Hotel and Casino, which won its bid for the license and has plans to be built in the Stadium District of South Philadelphia

Real time! Hotel & Casino has been awarded Philadelphia’s second casino license.

The Pennsylvania Gaming Control Board awarded the permit on Tuesday. a joint project between Cordish Companies and Greenwood Gaming & Entertainment Inc., which owns the Parx Casino in Bensalem, the proposed 200,000-square-foot casino will host 220 resort rooms, have 2,000 slots and 125 table games regarding the casino floor, and will cost $425 million to build.

The designers propose to put the casino on A holiday that is existing inn the stadium district of South Philadelphia.

Making the announcement to a packed house during the Pennsylvania Convention Center, the Control Board praised the ‘the synergy between gambling and activity at a casino’ that the task proposed, adding that the proximity towards the stadium had been a factor that is deciding.

The Board said it thinks that ‘the more-than-400 stadium area occasions per year’ could create an all-year-round attraction for visitors.

In choosing Live!, the board went for the casino with the revenue projections that are lowest, nonetheless it was also the main one that relied least on cannibalizing business from other gambling enterprises in and around Philadelphia. The board said it had tried to ‘choose a realistic and right Continue reading Live! Hotel and Casino Wins South Philadelphia Permit

Posted on

Paragon Gaming Investigation Could Jeopardize Vancouver Edgewater Casino

Paragon Gaming Investigation Could Jeopardize Vancouver Edgewater Casino

An artist’s rendering of the proposed Edgewater Casino resort to be built in Vancouver. It appears the project could be in jeopardy now.

Las developers that are vegas-based Gaming, whose ability to ‘meet the conditions of its registration’ has been called into question, could put the future of the $535-million Edgewater casino project in downtown Vancouver into doubt.

At the middle of the probe by the Gaming Policy and Enforcement Branch is, this indicates, Paragon’s relationship with Michael Graydon, the former boss of the British Columbia Lotteries Corporation (BCLC), now head of PV Hospitality, an affiliate of Paragon.

A separate Columbia that is british government of Graydon has already figured the executive had been in conflict of interest when he negotiated work with Paragon in December 2013, while still mind for the BCLC.

The aim of this Paragon task is always to relocate and expand the edgewater that is existing, which Paragon purchased in 2006, to make a new resort having a 72,000- square-foot gambling floor and two boutique hotels with 550 guest rooms among them, too as space for restaurants and retail.

The development, which is planned to start in 2016, is anticipated to create 2,000 jobs and generate $180 million each year for the economy that is local. The task is being constructed on a piece of land owned by the BC Pavilion Corporation, opposite the BC Place Stadium.

Conflict of great I Continue reading Paragon Gaming Investigation Could Jeopardize Vancouver Edgewater Casino