Mark Cuban Slams NFL Raiders Move to Las Vegas

Mark Cuban Slams NFL Raiders Move to Las VegasThe California-based American football club called the Oakland Raiders is set to start playing as the Las Vegas Raiders in the 2020 NFL season, with construction of the new $1.9 billion Las Vegas Stadium, complete with 65,000 seats, expected to start next fall.

The much publicized move was approved in a vote by 31 of the 32 NFL owners in March, and while the team has garnered a lot of positive attention since then, this week billionaire Mark Cuban has spoken out against the decision by team owner Mark Davis to move to a smaller market with no established fanbase.

Mark Cuban made his opinion known while appearing on the ESPN television program called “Outside the Lines”, with the NBA Dallas Mavericks owner explaining to the show’s host Bob Ley:

“It’s no disrespect to Las Vegas, it’s a great city and it’s vibrant. But they’re going to a smaller market, it’s transient, and it’s just another example of chasing every last dollar, and that tends to backfire.”

One of the savings Cuban was referring to is the Raiders being granted a $750 million public subsidy in order to help complete construction on the new Las Vegas Stadium to be situated in Paradise town in Clark County.

Cuban and Davis are two distinct personalities from different type backgrounds, with the comments made by the outgoing Cuban sure to irk the more reserved Mark Davis. Further difference exist in the way the two men made their money, with Cuban having amassed his wealth from the dot com tech boom, while Davis inherited his wealth from his father Al Davis, who was the principal owner of the Oakland Raiders from 1972 until 2011. Nevertheless, some of Cuban’s predictions have proved wrong in the past, most noticeably after betting against Donald Trump becoming the 45th US president, after which Trump commented:

“I know Mark Cuban well. He backed me big time but I wasn’t interested in taking all of his calls. He’s not smart enough to run for president!”

Time will tell whether Cuban’s latest prediction will prove correct, especially as the Southern Nevada Tourism Infrastructure Committee has forecaste a 450,000 increase in visitor numbers each year, resulting in a $620 million economic boost, and an extra $22.5 million in local tax revenues.

Poker News
03 Apr 2018
Having generated revenues of $1.01 billion in January, Nevada casinos have continued their winning streak into February with $1.02 billion earned from gamblers, representing a 7.7% increase versus the same month last year. The state subsequently collected $44.2 million in tax revenues in February, down by 15% year-on-year, according to the latest results released by
04 Oct 2017
Going into August, Nevada’s casino revenue was higher by 2.6% compared to the same seven months a year earlier. However, August’s results were expected to give the Silver State’s gambling revenues a boost, and the month did not disappoint with business rising by an impressive 14.91% to $989.5 million versus the $861.14 million generated in
31 Aug 2017
Nevada’s casino market generated revenue of $998 million in July, representing a 1.7% fall compared to the same month in 2016, with earnings on the Las Vegas Strip dropping by 7.7% to $565.6 million. Accounting for much of the decline was lower baccarat winnings, as well as a tough year-over-year comparison versus the more than
04 Aug 2017
Last month, Nevada’s poker rooms saw a 3.3% increase in their revenue to $16.67 million compared to June 2016, representing the state’s best month since collecting $17.6 million back in June 2007. The solid figure was helped along by the 6-week long WSOP which drew to a close at the end of June, with 120,995