MSG Sphere developer looks to expand with MSG Networks merger
Tuesday 30 de March 2021 / 07:11
2 minutos de lectura
(Las Vegas).- The company that is building the MSG Sphere at The Venetian, Madison Square Garden Entertainment Corp., is looking to expand with a merger with MSG Networks Inc., executives of the company announced Friday.
The merger would provide enhanced financial flexibility for growth in entertainment and media for the company building the $1.66 billion Sphere, a high-tech 17,000-seat entertainment venue east of The Venetian.
The deal would provide tax advantages that would generate liquidity that could be used for debt repayment and investment in new ventures.
Powerful platform
The deal won’t alter the Sphere’s completion date, scheduled sometime in 2023.
“The addition of MSG Networks to our portfolio would create a powerful platform … enabling us to capture substantially more of this emerging revenue opportunity, which we expect will generate significant incremental revenue in the years ahead,” said Andy Lustgarten, president of MSG Entertainment
MSG Networks was formed in 2015 after it was spun off the sports and entertainment division into a separate company. The new company became known as The Madison Square Garden Co.
Categoría:Casino
Tags: Sin tags
País: United States
Event
G2E - Las Vegas 2025
06 de October 2025
Korbi Carrison on 25 Years of G2E: "It’s crucial to stay ahead of trends"
(Las Vegas, SoloAzar Exclusive).- In this interview, Korbi Carrison, Event Vice President of G2E at RX USA, reflects on the success of G2E’s 25th anniversary edition in Las Vegas, sharing insights on the event’s evolution, key highlights, and what this landmark celebration means for the future of the gaming industry.
Tuesday 04 Nov 2025 / 12:00
CT Interactive on Innovation, Networking, and Market Growth at G2E 2025
(Las Vegas, SoloAzar Exclusive).- The global gaming industry marked G2E’s 25th anniversary with a major gathering in Las Vegas. CT Interactive stood out for its innovative product development and international growth strategy. Account Manager LATAM at CT Interactive, Roberto Muñoz, shared insights on G2E’s importance, emerging trends, and the company’s collaborative expansion efforts.
Thursday 30 Oct 2025 / 12:00
Atlaslive Explored the Future of Gaming in Latin America at Recent G2E 2025
(Las Vegas, SoloAzar Exclusive).- Bruno Almeida, Head of Sales LATAM at Atlaslive, attended G2E for the first time to explore how land-based and online gaming are converging. His experience highlighted key trends shaping the Latin American market, from immersive casino innovations to strategic networking and regulatory insights.
Monday 27 Oct 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.