In the '70s during the pipeline boom, Daryle Lamonica came to Alaska and got into the trucking business. He knew zip about trucking and made a lot of promises he didn't. Everything was repo'd and he left owing lots of folks money they never collected.
The issue is sports betting, that's definitely prohibited though players do it all the time. That's one of the things that has kept major pro sports out of Vegas. In the old days, books wouldn't put a number on UNLV games, now you can bet fights in Vegas at the books, and fights have to be the easiest thing to fix of all.
New Orleans already has a casino downtown, plus a riverboat, has video poker in bars (probably in the airport, but I'm not positive on that), etc. I don't see Vegas slots and video poker as an issue at all.
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Knowing what a destination San Diego was for fans to travel to to see their team play an away game, I am sure the crowds at Las Vegas Raiders games will be extremely split, 50/50 or more for the away. It would be interesting to split the stadium in half and sell tickets as "home side" and "away side" like in lower levels of sport. With electronic signage they could brand each side with colors and logos to match the team.
No, it was when I was an adult. No way my dad would have taken me to a Raiders game. He hates them.
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Granted it's a first pass and things will be negotiated, but here is the Raider's proposal to the Las Vegas Stadium Authority.
- Raiders will pay an annual rent of $1
- Raiders get revenue from the Naming Rights
- Raiders get revenue from all stadium signage including concession related "Official..."
- Raiders get revenue of Raider event ticket sales, concessions, and parking.
- Raiders get revenue from annual suite sales. Authority can resell them for non-Raider/NFL events if annual buyer does not purchase 50% of the fixed seating inside them
- The Stadium Authority is responsible for all operations and management expenses.
- The Stadium Authority and Raiders both agree City and County responsible for all services such as police, fire, and traffic on event days
So, The state is pumping in $750,000,000 plus aforementioned day of event services. Their direct income off that investment will consist of seat PSL sales, non-Raider event revenue, and said $1.
Davis is also meeting with Sheldon Adelson to figure out what he can give him for pumping in $650,000,000 into the Stadium.
Adelson backed out. Now what, 3 teams in LA?
https://thenevadaindependent.com/art...oject-jeopardyBillionaire casino magnate Sheldon Adelson has backed out of a deal to help construct a $1.9 billion stadium for the Oakland Raiders, throwing a proposed move to Las Vegas by the team into jeopardy.
Adelson made the announcement late Monday after he and the team were unable to come to an agreement on construction and management of the proposed stadium. The Sands CEO had earlier promised to spend $650 million of his own money to help construct the facility, with $500 million coming from the NFL team and $750 in hotel room taxes.
“It’s clear the Raiders have decided their path for moving to Las Vegas does not include the Adelson family,” Sheldon Adelson said in the statement. “So, regrettably, we will no longer be involved in any facet of the stadium discussion.”
Adelson blamed conditions named in a 117-page proposed stadium draft agreement, which the team presented at a meeting of the Las Vegas Stadium Authority last week. He said the draft proposal, which called for terms including a $1 yearly rent, control over field scheduling and exclusive naming rights for the team, sent “shockwaves” through the community and was a surprise to his family.
“We were not only excluded from the proposed agreement; we weren’t even aware of its existence,” he said in the statement.
I'd say "St. Louis, here they come," but...
Though, given the long and storied rivalry between the Chiefs and the Raiders, havin' em both in the same state shore would be sumthin'
Apparently in the Davis family the acorn doesn't fall far from the tree.
BTW, as was reported just a couple nights ago on the local news, the STL convention center is reporting one of it's best seasons ever and local DT hotels and restaurants couldn't be happier with the Rams being gone. The Rams lease deal on the dome was killing too much convention business and now that they're gone the convention center is reporting an increase of 35% over the year before. This is a win-win for the convention center and the city as it's bringing folks into the city that haven't been before. In other words, the Rams were killing business and this was repeatedly stressed by downtown businesses when folks were fretting over the Rams leaving.
Unless that crazy rumor of the Busch family buying the Jets is true, I see zero reason why this city would want another greedy azz, nutcase NFL owner trying to move into this city.
Goldman Sachs says without Adelson, they aren't going to move forward. Nice move, Raiders.
I have a feeling he was between a rock and hard place and the owners dictated Adelson's jettison. It became clear even if Davis was willing to give him a piece of the team(he doesn't seem to be), the NFL would not approve it. I think they told Davis it ain't happening the way you guys started it. Because even as just a large percentage owner in the Stadium presents a problem for the NFL they'd rather not have.
The NFL only wants two parties involved in the Stadium ownership and management.
1. The local government
2. The team owner
The NFL loves the City having a stake in the success of the stadium, not to mention the City will always find a way to make that payment on the Bond. They don't like another private busy body getting involved. That's why I think Davis was commanded to seek out and then claim to provide financing on his own to convince the League in the last meeting, the NFL wasn't going to approve any type of ownership stake for Adelson, nor were they happy to approve anything where an "outsider" might "own" a large % of the Stadium. Even if AEG had balked at any team ownership and just "rented" Farmer's Field to an NFL team, it probably still wouldn't have happened.
This is also in the NFLs' mind the "weak" and "tired been there done that" part of the latest Oakland plan, a third party. Lott's group has been meeting with the City of Oakland on a term sheet for the Coliseum site. Then they would go to Davis to forge an agreement on the Raiders participation at "Lott's facility". That's exactly the thing the NFL doesn't desire.
So these third party investors are left giving a lot of money and virtually nothing in return to make it work and why they don't.
Wouldn't it make a lot more economic sense for them to buy the Raiders, then, vs. the Jets?
I can't completely rule out the Raiders in SD, but the league has made it very clear in the past that they don't want any more than two SoCal teams.
Some people are saying two teams in LA are a disaster. I disagree with that, but three teams in SoCal could definitely backfire.
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One thing for sure this last year has shown us, the NFL would've been crazy to vote for the Carson stadium deal. That proposal was a pipe dream by a couple of characters who seem to screw up at any chance they get.
Although three SoCal teams was technically possible based on the agreement, it's highly unlikely that it ever would have come to that. The NFL does its research, and I think they know that three SoCal teams is not a feasible situation.
John Clayton says the Vegas deal came apart because the NFL pushed Adelson away. He not only wanted to own the stadium, he wanted to become involved with the direction of the League and get 'a seat at the table' and the NFL was not going to do that.