Caesars Entertainment and VICI Properties plan to develop a proposed NBA arena on land behind three Las Vegas Strip resorts, confirming the league's expansion into the city.
Caesars Entertainment and VICI Properties have revealed their collaboration to work on developing a proposed NBA arena on a plot of land situated behind three Las Vegas Strip resorts. This marks the first public acknowledgment of the project as the NBA explores the possibility of expanding into Las Vegas. The disclosure of the proposal was made by VICI President and Chief Operating Officer John Payne during the company's second-quarter update.
