#OVG

CoStar

Changes in the Cards for Iconic Las Vegas Strip After Big Hotel-Casino Deals

In the past two years, there has been a flurry of hotel investment activity in the Las Vegas market, with nearly 10 transactions achieving sale prices exceeding $1 billion. Total hotel sales volume for the past two years in Las Vegas is nearly $16.8 billion, representing 17% of the total U.S. hotel sales volume during that time frame. Las Vegas…

Land-based ・ 28 November 2022

96.3 KKLZ

Vegas Is Possibly Getting 'NBA Ready' With New Arena Project

It looks like Las Vegas could very likely get an NBA team. And there's already an arena project planned to accommodate. Basketball columnist Jon Canzano recently predicted that the NBA is going to announce two new expansion teams when its current media rights deal expires (TheStreet). That will occur in 2024, which gives Las Vegas less than two…

Travel ・ 15 November 2022

The Street

Las Vegas Strip Adds Another Huge Casino Project

New hotel casino projects along the Las Vegas Strip continue to proliferate following the slowdown during the covid pandemic. Locals and visitors have gotten used to seeing cranes and construction equipment in the area, and they can expect to see a lot more in the coming months. In recent years, the 4.2 miles of the Strip had been dominated by…

Land-based ・ 14 November 2022

The Peterborough Examiner

Peterborough native Randy Morton named president of Las Vegas Hotel and Casino

When Randy Morton was working in his uncle's small Peterborough hotel back in the 1970s he had no idea the journey he was going to be on and continues to take. Last month the Peterborough native was named president of a multi-billion dollar hotel/casino complex in Las Vegas, a place he is no stranger to and has lived for more than 20 years. Morton…

Land-based ・ 05 July 2022

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Yogonet

Oak View Group hires two executives to drive $3B Las Vegas Strip casino complex and NBA-ready arena project

Details of a planned $3 billion entertainment district, spanning 25 acres south of the Las Vegas Strip, have now been unveiled by Oak View Group. The project is set to include an 850000-square-foot arena, casino, hotel and amphitheater. The arena could eventually be home to a Las Vegas professional basketball franchise. The project, which was, will…

Land-based ・ 27 June 2022

The Street

Huge Las Vegas Strip Development Brings Sin City NBA Dream Closer

Just a few years ago, Las Vegas was off-limits for professional sports. Sin City offered sports gambling and all the major sports leagues saw that as a deal-breaker since athletes betting on games would undermine their integrity. Then, in 2018, the United States Supreme Court issued a decision that pushed the question of whether sports gambling…

Religion ・ 26 June 2022

Celebrity Access

Oak View Group Hires Marc Badain and Randy Morton to Lead Las Vegas Arena, Hotel and Casino Project

LAS VEGAS, NV (CelebrityAccess) - Oak View Group (OVG), the global venue development, advisory, and investment company for the sports and live entertainment industries, today announced the appointment of seasoned casino/resort executive Randy Morton as President, OVG Las Vegas Hotel and Casino; and veteran sports industry executive and former…

Land-based ・ 15 June 2022

Billboard

Oak View Group Reveals Plan for $3 Billion Complex and Arena in Las Vegas

Live entertainment development company Oak View Group is putting its stamp on Las Vegas. Today, the company announced its plan for a newly developed entertainment district in Las Vegas, which will include a brand-new arena. Groundbreaking and construction of the estimated $3 billion campus will begin next year. The 25 acres, which is located on…

Industry ・ 30 March 2022

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8 News Now

New 20,000-seat arena, hotel, and casino announced for Las Vegas

LAS VEGAS (KLAS) - The Oak View Group announced early Wednesday morning it plans to build a $3 billion development south of the Las Vegas Strip. According to a post on the company's Twitter page, the development will be a "multi-purpose Retail & Entertainment district south of the Las Vegas strip that will include a 20000-seat Arena, Casino, Hotel,…

Industry ・ 30 March 2022