According to an Oakview spokesman, visitors could buy a single package deal including a live event, hotel accommodations, and access to a private club within the arena. The total cost of the project with construction slated to begin in 2023 is $3b with $1b of that going toward the sports and concert arena. The casino, hotel, and 850,000-square-foot arena will be part of a retail and entertainment district. A 20,000-seat NBA-ready arena will be built adjacent to OVG Las Vegas Hotel & Casino. They plan to build a casino with a 2,000-room resort hotel. Oak View Group purchased 25 acres of land close to the intersection of I-215 and I-15, according to a March press release from the LA-based company. We’ll start with what is currently under construction and then visit some of the most notable mergers or acquisitions of 2022 and wrap up with some residency entertainment news. The Daily Breeze, a media outlet that’s part of SoCal Newsgroup summed up some of the things we can expect to see on the Las Vegas Strip and beyond in the next year. The last year saw several important acquisitions, as well as announcements of coming venues and attractions, and the next year will fulfill many of them as others hurl forward to completion. Gambling revenues in Nevada and particularly in Las Vegas have been setting records with nearly two years of month-to-month revenues over $1b with some months setting all-time records.
