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Sands, MSG to Announce New Las Vegas Arena

Another venue could in the works in Las Vegas, as Las Vegas Sands Corp. and Madison Square Garden are set to announce details on a new Las Vegas arena

Additional details will likely be revealed in the coming weeks, but Sands Corp. representatives stated during a recent fourth-quarter earnings conference call that construction is on track to begin this summer. The new Las Vegas arena would be built behind the company’s Venetian and Palazzo properties on Sands Avenue, and feature a seating capacity of 18,500.

Officials are expected to participate in an unveiling event in either February or March, with the arena slated to open in 2020. More from The Las Vegas Sun:

A public event to unveil the facility’s plan is slated for either February or March, which is expected to be attended by Irving Azoff, chairman and CEO of Azoff Madison Square Garden Entertainment; Tim Leiweke, CEO of the Oak Group; and James Dolan, executive chairman of the MSG group.

“You’re going to see something that’s pretty spectacular and I know our neighbors across the street, the Wynn, got to see it and it looks extraordinary,” Robert Goldstein, president and chief operating officer of Las Vegas Sands.

Construction on the 600,000-square-foot, 18,500-seat arena project has a summer 2020 completion timeline.

This would another venue to a market that already features T-Mobile Arena, Thomas & Mack Center, Orleans Arena, MGM Grand Garden Arena, the Mandalay Bay Events Center and an upcoming NFL stadium for the relocating Oakland Raiders. In addition, former NBA player Jackie Robinson has pitched a new arena for a 27-acre parcel between Fontainebleau and the SLS Las Vegas. The NHL’s Vegas Golden Knights play at T-Mobile Arena, while the WNBA’s Las Vegas Aces will begin play at the Mandalay Bay Events Center this summer.

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