Landlord of the Las Vegas Strip Casino Discusses Deal With a Major Sports Team

Landlord of the Las Vegas Strip Casino Discusses Deal With a Major Sports Team ...

Las Vegas has evolved into a one of the nation''s most sought-after locations for major league sports teams.

The National Hockey League''s Oakland Raiders were lured to the desert in 2020, where they play in Allegiant Stadium near The Strip.

According to MLSsoccer.com, Major League Soccer was in discussions with billionaire businessman Wes Edens about his desire to bring an expansion club to Las Vegas.

The National Basketball Association has established a summer league in Las Vegas since 2004 and the WNBA''s Aces, owned by Raiders owner Mark Davis, purchased tickets in 2018 and played at the Michelob Ultra Arena at Mandalay Bay. While the city already has an NBA-ready arena where the Golden Knights play and another $1 billion arena is being planned by Oak View Group''s Tim Leiweke, a strategy to bring an NBA team to the area has not made any progress.

Penn National Gaming is a photo store located in the United States.

Major Sports Team Closer to Las Vegas Deal

As the Oakland A''s become more serious about a relocation to Sin City, the Big League Baseball might be nearing a team''s reunion. And their favored location might be on the Strip at a property currently occupied by the Tropicana Las Vegas Boulevard and Tropicana Avenue.

TheStreet Recommends

Ford Shakes Up Rivian, GM and Tesla

The Berkshire Activision Stake of Buffett Has risen to 9.5 percent.

Amazon and Ford Have a Big Problem They Can''t Control

"It''s been widely publicized that the A''s are looking at this site," said Peter Carlino, the CEO of the Tropicana''s landownerGaming and Leisure Properties, Inc. Report, during the company''s earnings call on April 29, according to a Seeking Alpha transcript. "It''s safe for me to say that they have a very, very strong interest in our site if the transaction can be successful to their advantage."

According to Carlino''s transcript, Chief Development Officer Stephen Ladany, and Chief Investment Officer Matthew Demchyk, both met with Bally''s and Oakland A''s representatives last week about a possible transaction. The property is linked to Bally''s per a previous agreement.

"There is absolutely no certainty about where that might go," Carlino said. "If we can assist something exciting, you wager we will. So there I must say, we''ll let you know."

The A''s originally envisioned the City of Oakland as a game changer to help the city move faster on a $1 billion privately funded waterfront ballpark at the Howard Terminal near Oakland''s Jack London Square.

On April 23, 2021, A''s president presented the city with its development agreement term sheet. On February 17, 2022, the Oakland Municipal Council approved the final environmental impact report for the Howard Terminal ballpark with a 6-1-1 vote, according to NBCSports.com.

Committee Setback May Push Team to Las Vegas

A state committee, the Seaport Planning Advisory Committee, voted 5-4 to recommand against eliminating maritime use for the Howard Terminal, which Kaval described as a key tumbling in obtaining proper permits for the ballpark, according to the San Francisco Chronicle.

The A''s might consider a stadium deal and relocation as a faster and easier way out of a severe situation in Oakland following a state committee rejection.

You may also like: