New Las Vegas Arena???

The City of Las Vegas, Nevada is in talks with a real estate development company to build a 20,000 seat multi-purpose arena in downtown Las Vegas. Mayor Oscar Goodman of Las Vegas wants this arena built to try to lure a NBA or NHL team to the city. There has been talk in years past of the Sacramento Kings moving to Las Vegas to try to lure in big spenders in the Las Vegas market. The owners of the Kings, the Maloof family, already own two casinos in Las Vegas and an NBA team there would not hurt business. If built this arena could host an NBA or NHL team and multiple shows and concerts a month. It would not be a waste for the city of Las Vegas, already known as one of the "Entertainment Capitals of the World."

I believe that if the NBA, which already has a gambling problem with the referees point shaving scandal, will not hold up in Las Vegas. Las Vegas allows sports betting in its multiple casinos and this is not a good image for David Stern and the NBA. They will be thought of as a crooked league who just wants to make as much money as possible.

The other side of this story is the potential loss to Sacramento, or another NBA or NHL city. If the Kings leave Sacramento there will be no "Big 4" team in that city and their arena will lose their anchor tenant. They will lose money and the owners will rip the hearts out of their many fans. I believe that this new arena in Las Vegas is not good news for Sacramento. However, it has the possibility of making so much money for the city and business people of Las Vegas.

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