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 …
Tao Group Hospitality launches NFT ticketing at New York’s Marquee
Global hospitality giant Tao Group is introducing a three-night NFT ticketing takeover at New York City’s iconic Marquee nightclub later this month through a partnership with YellowHeart. Around 2,000 NFT tickets for the events will be sold exclusively on YellowHeart’s marketplace before the events take place on June 22, 24 and 25. Ticket prices currently …