Las Vegas Jacks Takes Aim at the Next NBA Franchise
By Dan Whitaker, Casino News Editor
Businessman and sports executive Jerry Colangelo has revealed plans for a new NBA franchise located in Las Vegas. The ownership group is called the Las Vegas Jacks, and the announcement names former NBA stars, financial executives and media innovators among its backers, according to Gambling News.
The group already has $5 billion committed to the initiative. With that level of capital and a roster of influential backers, the Las Vegas Jacks stand a real chance of producing the USA’s next NBA franchise and present a significant development for the Nevada sports market.
Player angle: A well-funded NBA bid in Las Vegas could lead to a major new pro team in the Nevada sports market, something followers of sports and gaming will want to watch. Check our fast payout casinos guide before putting money anywhere.
Reported by Gambling News.