Las Vegas NBA Dreams Update
Optimism regarding a Las Vegas NBA expansion franchise has reached an all time high, but rising valuations are sparking questions about financial viability. Reports indicate that the league is nearing a decision on selecting a winning bid from three finalist groups by the end of the year. The proje…
Optimism regarding a Las Vegas NBA expansion franchise has reached an all time high, but rising valuations are sparking questions about financial viability. Reports indicate that the league is nearing a decision on selecting a winning bid from three finalist groups by the end of the year. The projected bidding range for a potential team and a new arena sits between $12 billion and $13 billion, placing it among the highest valuations in professional sports history. The three finalist groups vying for a Las Vegas NBA franchise include Nancy Walton Laurie and Bill Laurie, Steve Apostolopoulos and Marc Lasry, and... The post Las Vegas NBA Dreams Update appeared first on This Week in Gambling.