• Loading stock data...
Sunday, October 26, 2025
Want a chance to win $250 and free FOS gear? Take our quick reader survey. Take the survey here

Rockets Owner Boxes Out Space on Las Vegas Strip

Tilman-Fertitta-Houston-Rockets
Troy Taormina-USA TODAY Sports

Houston Rockets owner Tilman Fertitta is expanding his business empire — and going up against casino giants like Caesars Entertainment and MGM Resorts International.

Fertitta is purchasing land on the Las Vegas Strip with plans to build a high-end casino.

  • Fertitta will pay $200 million for a six-acre site situated between the MGM Grand and Caesars’ Planet Hollywood.
  • The deal is not yet final, but Fertitta reportedly expects to close the transaction before the end of the summer.
  • The site currently holds a Travelodge motel, as well as retail and restaurant locations.

The restaurant and casino mogul’s Fertitta Entertainment sold Golden Nugget Online Gaming to DraftKings in a $1.6 billion all-stock deal last August, but retained ownership of Golden Nugget. Fertitta Entertainment also owns restaurant chain Landry’s.

Not So FAST

Last year, Fertitta Entertainment agreed to merge with a SPAC, FAST Acquisition Corp., in a deal valuing the combined company at $8.6 billion.

In December, the two sides called off the deal following a dispute in which Fertitta sought to back out. FAST challenged that move, saying that Fertitta Entertainment was legally compelled to proceed.

Fertitta Entertainment will pay up to $33 million to extract itself from the arrangement, partly contingent on whether FAST goes on to merge with another company.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Adam Silver

Congress Wants to Hear from Adam Silver on Gambling Scandal This Week

Silver said he was “deeply disturbed” by the arrests.
Mar 5, 2025; Boston, Massachusetts, USA; The NBA logo is seen on the court before thegame between the Boston Celtics and the Portland Trail Blazers at TD Garden.

The History of Hoops Betting Scandals

The arrests of Rozier and Billups are just the latest scandal involving basketball.
Jun 10, 2025; Eugene, OR, USA; A NCAA logo flag at the NCAA Track and Field Championships at Hayward Field.

College Athletes Can Bet on Pro Sports Starting in November

An NBA player and coach were charged Thursday in a sports betting investigation.
Oct 16, 2025; Salt Lake City, Utah, USA; Portland Trail Blazers head coach Chauncey Billups gives instructions to his team during the first half against the Utah Jazz at Delta Center.

Chauncey Billups Is Rare Pro Coach Involved in Gambling Scandal

The recent string of gambling scandals have centered on athletes.

Featured Today

September 21, 2025; Santa Clara, California, USA; NFL commissioner Roger Goodell before the game between the San Francisco 49ers and the Arizona Cardinals at Levi's Stadium

NFL Fall Meeting: 7 Big Topics Among Team Owners 

Media, facilities, and labor highlight some of the key areas of concern.
Ohio State Buckeyes running back Isaiah West (32) runs the ball in the second half at Camp Randall Stadium on Saturday, Oct. 18, 2025 in Madison, Wisconsin
October 25, 2025

NIL Has Birthed a Third-Party Cottage Industry—and It’s a Mess

There’s no limit to how much players can make from NIL deals.
Christie's
October 21, 2025

Lou Gehrig’s $4M Jersey and the Exploding Sports Memorabilia Market

An ultra-rare sports collection is about to hit the auction block.
@chef__tezz/Instagram
October 19, 2025

Inside the NFL’s Private Chef Network

Private chefs are the unsung architects of player performance.
Joey Bosa

Joey Bosa’s L.A. Home for Sale for $3.7 Million

The Bills defensive end purchased the home last July.
October 16, 2025

Steelers’ Shared Stadium With Pitt Comes Under Fire for Bad Turf

The conditions at Acrisure Stadium have been subpar this season.
October 21, 2025

Jazz to Get New Training Facility on Same Campus As Mammoth

The company is developing a sports campus in Sandy, Utah.
Sponsored

How HOKA is Reimagining the NIL Relationship

Fans can now follow their favorite golfers and experience every marquee moment at the Ryder Cup — thanks to innovation from T-Mobile.
October 15, 2025

Bears Hit Another Speed Bump for New $5B Stadium in Suburbs

A new state bill would impose several conditions on the NFL team.
October 13, 2025

Browns, Cleveland Reach $100M Deal to Clear Team’s Move to Suburbs

The surprise truce includes financial payments and the dismissal of lawsuits.
Nov 17, 2024; New Orleans, Louisiana, USA; Detailed view of a Cleveland Browns helmet on a time out against the New Orleans Saints during the first half at Caesars Superdome.
October 7, 2025

Cleveland Takes New Shot at Blocking Browns’ $2.4B Stadium

A new lawsuit challenges a permit for the NFL team’s planned stadium.
October 7, 2025

Rays Owner Eyes New ‘Forever Home’ Like Atlanta’s Battery

The club’s new owners target a new ballpark opening in 2029.