Madison Square Garden Entertainment’s (MSG Entertainment) highly anticipated Las Vegas Sphere venue is set to cost $2.3bn (£1.8bn/€2.1bn), after the company reported a cost increase of a further $125m. According to reports, documents showcasing the $125m increase were filed with the US Securities and Exchange Commission (SEC) yesterday (Wednesday). The Sphere at The Venetian’s current …
MSG Entertainment announces sale of Tao Group Hospitality to Mohari Hospitality
Madison Square Garden Entertainment Corp (MSG Entertainment) has announced that it is selling its 66.9% majority interest in Tao Group Hospitality to Mohari Hospitality, a global investment company focused on the luxury lifestyle and hospitality sectors. The transaction values Tao Group Hospitality, which delivers premium experiences through its restaurants, nightclubs, lounges and other venues, at …