Oakland A’s Reportedly Bidding for Las Vegas Stadium at Tropicana
Posted on: December 1, 2021, 12:20h.
Last updated on: December 1, 2021, 12:56h.
Las Vegas could be on the brink of pilfering yet another expert sports franchise from Oakland. A report has surfaced that the Oakland Athletics (A’s) are bidding for a stadium at the web site of the Tropicana Las Vegas Hotel and Casino.
CNBC’s Contessa Brewer reported Wednesday broke the news earlier nowadays. Rumors are currently flying that Key League Baseball (MLB) will approve the move if that is the direction the franchise decides to take.
In late November, it was revealed the A’s made an offer on an unidentified property in the Las Vegas region. President Dave Kaval confirmed the bid, but declined to say specifically where that land is. He did note that a new stadium in the US gaming hub could cost around $1 billion.
The A’s are encountering difficulty with plans for a new waterfront stadium in their house city, where the group has played since 1968. MLB Commissioner Rob Manfred previously told the team that if it can’t solidify its circumstance in Oakland, it must explore other choices.
A’s Could Be What’s Subsequent for Tropicana
The operating rights to the Tropicana changed hands in April, with Bally’s (NYSE:BALY) acquiring these rights from Penn National Gaming (NASDAQ:PENN). The real estate assets are nevertheless owned by Gaming and Leisure Properties (NASDAQ:GLPI).
At that time, Bally’s Chairman Soo Kim hinted that there’s a lot more in shop for the famed gaming venue — the operator’s initial in Las Vegas. For some time, Bally’s has been a single of the most acquisitive companies in the gaming business. The company’s purchases span land-primarily based casinos to on-line gaming entities to technologies organizations — all in the name of vertical integration.
Even though Bally’s won’t have any element in operating the A’s, possessing a franchise from one particular of the 4 major US sports leagues near the Tropicana could be one of the jolts the gaming venue wants.
CNBC also reported that web sites owned by Caesars Entertainment (NASDAQ:CZR) and Wynn Resorts (NASDAQ:WYNN) are also being evaluated by the A’s. But speculation is already mounting that the Caesars home is out of the operating.
Yet another Blow to Oakland
If the A’s locate their way to Sin City, that would be the second expert team to move to Las Vegas from Oakland, with the other being the Las Vegas Raiders.
The A’s stadium lease in Oakland expires in 2024, so a move before then is unlikely. Even if that is the year in which the group moves, it will most likely require temporary accommodations prior to a new stadium is game-ready. Las Vegas Ballpark, home of the Las Vegas Aviators — the A’s Triple-A affiliate — has been talked about as a achievable short-term field for the pro team.
Assuming the A’s make the move and commence playing in Las Vegas in 2025, that signifies that in the span of seven years, Oakland lost MLB, NBA, and NFL teams. The NBA’s Golden State Warriors moved across the bay to San Francisco prior to the 2019-20 season.