Las Vegas Sands

Las Vegas Sands Sells Venetian, Sands Expo, MSG Sphere – Implications For Las Vegas Raiders

by

Las Vegas Sands Sells Venetian, Sands Expo, MSG Sphere – Implications For Las Vegas Raiders ONN – Las Vegas Sands Sells Venetian, Sands Expo, MSG Sphere – Implications For Las Vegas Raiders – vlog by Zennie62 YouTube Watch the vlog Las Vegas Sands Sells Venetian, Sands Expo, MSG Sphere – Implications For Las Vegas Raiders … Read more

Las Vegas Sands Sells Venetian Hotel, Sands Expo and Convention Center, Las Vegas Real Estate

by
Las Vegas Sands Venetian Exterior

In a completely shocking move today, Las Vegas Sands, the company built by its late Founder and CEO Sheldon Adelson, has announced it has sold its Las Vegas real estate operations, including The Venetian Resort Hotel and Sands Expo and Convention Center, for 6.25 billion. Here’s the full press release: Company Focused on Reinvestment in … Read more

Allegiant Stadium Clark County Stadium Bond Reserve Faces Depletion In Fiscal Year 2022

by
Allegiant Stadium Las Vegas Raiders Home, Thursday Night From Delano Hotel Grounds – Bryan Cauwels

The $645 million general obligation bond that helped pay for construction of what was initially called Las Vegas Stadium, and is now the stadium for the former NFL Oakland Raiders organization, and named Allegiant Stadium (after Las Vegas-headquartered Allegiant Airlines), has a bond debt reserve that, under current Pandemic-driven conditions, will be depleted by the … Read more

Las Vegas Sands Explores Casino Sale, Will Sheldon Adelson Purchase Las Vegas Raiders?

by
will-sheldon-adelson-buy-oakland

Las Vegas Sands Explores Casino Sale, Will Sheldon Adelson Purchase Las Vegas Raiders?
From YouTube Channel: October 27, 2020 at 01:41AM

ONN – Las Vegas Sands Explores Casino Sale, Will Sheldon Adelson Purchase Las Vegas Raiders?

On April 1, 2018, I made a YouTube vlog that said Sheldon Adelson would purchase the Oakland Raiders once the organization became the Las Vegas Raiders, relocated to Sin City, and operated out of what is now called Allegiant Stadium. While an “April Fools” news story, it was based on a news report that Adelson had planned to do just that, and give the team to his kids.

Now, comes word that Las Vegas Sands is exploring the sale of its iconic casinos the Venetian and The Palazzo for $6 billion. If that’s the case, it would give Adelson enough money to buy both the Raiders and Allegiant Stadium, or at least share ownership of the facility with Clark County and pay off the stadium bond debt of $600 million.

In turn, Clark County would be relieved of having to worry about the stadium bond debt encroaching on its general fund once the debt service reserve runs out.

Adelson and Las Vegas Sands would gain control of two event buildings: Allegiant Stadium, MSG Sphere. It would pivot from casinos to large scale sports and entertainment events in the process.

Stay tuned.

Note from Zennie62Media and Oakland News Now: this video-blog post demonstrates the full and live operation of the latest updated version of an experimental Zennie62Media , Inc. mobile media video-blogging system network that was launched June 2018. This is a major part of Zennie62Media , Inc.’s new and innovative approach to the production of news media. What we call “The Third Wave of Media”. The uploaded video is from a YouTube channel. When the video is “liked” by Zennie62 YouTube, then it is automatically uploaded to and formatted automatically at the Oakland News Now site and Zennie62-created and owned social media pages. The overall objective here, on top of our is smartphone-enabled, real-time, on the scene reporting of news, interviews, observations, and happenings anywhere in the World and within seconds and not hours – is the use of the existing YouTube social graph on any subject in the World. Now, news is reported with a smartphone and also by promoting current content on YouTube: no heavy and expensive cameras or even a laptop are necessary, or having a camera crew to shoot what is already on YouTube. The secondary objective is faster, and very inexpensive media content news production and distribution. We have found there is a disconnect between post length and time to product and revenue generated. With this, the problem is far less, though by no means solved. Zennie62Media is constantly working to improve the system network coding and seeks interested content and media technology partners.

via IFTTT
https://www.youtube.com/watch?v=FB8aJ1LUJuY

As Raiders Open Las Vegas Allegiant Stadium, Oakland Preps A’s Billion-Dollar Subsidy Ballpark

by
Raiders Allegiant Stadium Las Vegas

In Las Vegas, the once-Oakland Raiders did everything it could do to make the unofficial soft-opening of the still-under construction Allegiant Stadium a special event. And why not? Allegiant Stadium is a brand new symbol of what many (including me) hope Las Vegas can be, yet again, post-Pandemic: a tourist mecca for the World.

The Raiders rolled out a super-fancy season ticket box for passes that, sadly, will go unused for this wild NFL 2020 Season.

And in introducing Raiders Players to the facility, Mark Davis, Raiders Manager of the General Partner, said this (according to the Las Vegas Sun):

“Welcome to the Death Star, where our opponents’ dreams come to die. My father always said that the greatness of the Raiders is in its future. Well today that future really starts. This magnificent stadium was built on the backs of thousands of players, coaches, administrators and fans, who for the past 60 years have proudly worn the Silver and Black.”

Oakland-Athletics-release-updated-renderings-of-new-stadium
Oakland-Athletics-release-updated-renderings-of-new-stadium

And while Mark Davis and Jon Gruden and Raiders players enjoy the new Las Vegas Stadium, the Oakland A’s plan a $2 billion ballpark facility for Howard Terminal in Oakland’s Jack London Square. In a still-ongoing march to a planned 2023 opening, Oakland A’s President David Kaval is proving the Raiders wrong: that the City of Oakland was, indeed, able to cause the formation of a public subsidy program worth roughly double that of the $750 million the Raiders got (with the help of Las Vegas Sands Founder Sheldon Adelson) from the Nevada Legislature.

In a turn of events that proves the mainstream media does not know how read or how to do math, the planned infrastructure redevelopment zone law that was approved by the California Legislature and signed into law by California Governor Gavin Newsom last October, will result in the formation of a zone that assumes a small $2 billion base-year assessed value to serve as the foundation for a TIF bond with a 40-year-payback schedule.

In fact, Kaval agreed this was the case in our interview, even as he reminded us that the ballpark itself (the main frame) would be privately financed. At just an annual 4 percent rate of growth in assessed value, and 1 percent tax rate, the revenue total will be $1.4 billion by year 40.

The Oakland A’s ballpark legislation, if one bothers to read it, will allow for everything from financing assistance for affordable housing, street lighting, bridges, transportation, and it can be spread city-wide.

Of course, those who hate reading will go on chortling that Oakland’s broke and can’t afford this or that. Meanwhile, the A’s will emerge with the ballpark that will reform Oakland into an international destination.

Stay tuned.

Las Vegas Sands CEO Sheldon Adelson Says Las Vegas May Take More Time To Recover From The Pandemic

by
Las Vegas Sands Ceo Sheldon Adelson Says Las Vegas May Take More Time To Recover From The Pandemic

Las Vegas Sands CEO Sheldon Adelson Says Las Vegas May Take More Time To Recover From The Pandemic ONN – Las Vegas Sands CEO Sheldon Adelson Says Las Vegas May Take More Time To Recover From The Pandemic In a letter to the employees of Las Vegas Sands, Sheldon Adelson, it’s Founder, Chairman, and CEO, … Read more

The Raiders Are In Las Vegas Because Mark Davis Did Not Want To Be In Oakland And That Is The Truth

by
The Raiders Are In Las Vegas Because Mark Davis Did Not Want To Be In Oakland And That Is The Truth

The Raiders Are In Las Vegas Because Mark Davis Did Not Want To Be In Oakland And That Is The Truth ONN – The Raiders Are In Las Vegas Because Mark Davis Did Not Want To Be In Oakland And That Is The Truth A number of supposedly Las Vegas residents are saying that the … Read more

Las Vegas Raiders Allegiant Stadium Ticket Sales Upstage LA Rams So-Fi Stadium: Mark Davis’ Revenge

by
Allegiant Las Vegas Stadium Dusk Tour During Ces 2020

Las Vegas Raiders Owner Mark Davis got his stadium (Allegiant Stadium) revenge against L.A. Rams Owner Stan Kronke and L.A. Chargers Owner Dean Spanos with the initial ticket sales data released this week and after the announcement of the 2020 NFL Schedule, and fans were able to snatch up the chance to go to pro … Read more