Murren expects NBA team in Vegas soon
May 15, 2018 3:00 AM
by Robert Mann
MGM Resorts International CEO Jim Murren, speaking at a company analyst and investor day event last week, says its “highly likely” a relocated NBA franchise will call Las Vegas home in just a few years.
“I think it’s highly likely that a team, or multiple teams, will be looking to move over the next three years,” Murren said. “We know who they are, that’s why I think it’s highly likely. I would expect that Las Vegas will have an NBA team within the next five years, if not sooner. That team would likely play at T-Mobile (Arena).”
Bill Hornbuckle, president of MGM Resorts, said the NBA and others realize how fervently the community has supported its first major league team, the NHL’s Vegas Golden Knights.
If an NBA franchise does make the move to Las Vegas, Murren said don’t expect the casino giant to have any ownership in the team like it does with the Aces, the company’s WNBA entry set to begin play this year.
“We’re not going to be an NBA owner,” he said. “Even if we could, we’re not investing your (investors’) capital that way.”
After a two-game eastern road swing starting May 20, the Las Vegas Aces open their home season on May 27 on its home court at the Mandalay Events Center on the Las Vegas Strip.