F1® Arcade, the world’s first F1® experiential hospitality brand, will bring its first-of-its-kind experiential venue with show-stopping hospitality and an electrifying atmosphere to The Forum Shops at Caesars Palace in 2025. Covering over 21,000 square feet, spanning two floors with an exceptional terrace offering views of the Las Vegas Strip, the flagship Las Vegas venue will be the largest F1 Arcade to date. F1 Arcade will share an entrance with Joe's Seafood, Prime Steak & Stone Crab, alongside an impressive lineup of dining and retail options. Guests will be welcomed to a best-in-class Formula 1 social racing experience and incredible hospitality offering. They will be able to immerse themselves in the world of Formula 1 by getting behind the wheel of the cutting-edge full-motion simulators and racing the world’s most iconic tracks. Read more: https://bit.ly/3x0aEAt #Retail #Simon #FlagShip #Formula1
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MLSE (Maple Leaf Sports & Entertainment Partnership) announced today the Scotiabank Arena Venue Reimagination project, an investment of more than $350 million to further enhance the best-in-class sports and entertainment destination for the future. The comprehensive multi-phase renovations will feature capital improvements to almost all areas within the venue including concourses, suites, premium clubs, retail spaces, food and beverage offerings, state-of-the-art technological innovations and more [including VxV Solution's Crestron Electronics lighting controls for unified and sophisticated user experience] Scotiabank Arena underwent extensive renovations this summer to remodel the venue’s 200 Level Mastercard Executive Suites level along with state-of-the-art technology upgrades in the concourses for a pilot program designed to revolutionize fans’ food and beverage experience. This summer’s renovations, and plans for a remodelling of the 100 Level concourse in 2024, were both unveiled today as part of a Scotiabank Arena Venue Reimagination media tour. Read More: https://lnkd.in/gGpNk2Cq
SCOTIABANK ARENA UNVEILS PLANS FOR MULTI-MILLION DOLLAR ‘REIMAGINATION’ AHEAD OF VENUE’S 25TH ANNIVERSARY | Scotiabank Arena
scotiabankarena.com
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"Both Bowlero (a bowling concept) and Topgolf are two other eatertainment brands that have seen traffic growth over the past three years, indicating hunger for these concepts is strong, Placer.ai said. Bowlero’s traffic was up nearly 20% in February, compared with 2019, and Topgolf was up more than 22%." Since the second half of 2022, interest in restaurant concepts that combine eating and drinking with fun and games are booming. Restaurant Business Magazine's Lisa Jennings features Placer.ai's "Entertainment Evolved: Exploring Movie Theaters, Casinos, and Eatertainment" white paper in this recent article. Here's what to know: https://lnkd.in/eqdA8vBD #foottraffic #foottrafficanalytics
Eatertainment booms as result of perfect storm
restaurantbusinessonline.com
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Our unique solutions, are designed to help ambitious clubs, upgrade their retail, and fan engagement spaces - from energy-packed fan zones and general admission areas, to hospitality spaces of all types, we can help clubs engage and convert their fans and maximise matchday revenue! For more detail > follow the link below in the comments. #stadium #retail #football #digital #solutions #hospitality
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RICHMOND, VA. -- Cedar Fair Entertainment Company, the company that owns Kings Dominion, and Six Flags Entertainment Corp. are merging, creating an expansive amusement park operator with operations spread across 17 states and three countries. The combined company, worth more than $3.5 billion, will boast 27 amusement parks, 15 water parks and nine resort properties in the U.S., Canada, and Mexico. It will also have entertainment partnerships and a portfolio of intellectual property including Looney Tunes, DC Comics and Peanuts® Snoopy. Amusement parks have seen an uptick in revenue but have struggled to raise attendance since the pandemic, even as other entertainment sectors have bounced back. A tie-up between two huge players is expected to at least lower costs. Cedar Fair reported an attendance of 12.4 million guests in its third quarter, a 1% increase from a year earlier. Six Flags announced a 16% rise in its third-quarter attendance, which totaled 9.3 million guests. But amusement parks, including Six Flags, has struggled to get people through the gates, said James Hardiman at Citi Investment Research. “Whereas the theme park industry as a whole has been under significant pressure since the start of the pandemic, Six Flags has created additional pressure of its own, with a volatile new attendance and pricing strategy that has struggled to take root, alienating its core customers and leading to dramatic drops in visitation along the way,” Hardiman wrote. Six Flags and Cedar Fair, which have little geographical overlap, anticipate $120 million in cost savings within two years of closing the deal. Six Flags and Cedar Fair have talked about potential deals before, with Six Flags previously making an offer for Cedar Fair in 2019, but it was turned down. SeaWorld approached Cedar Fair with a bid last year, but that proposal was also rejected. Under the agreement announced Thursday, Cedar Fair unitholders will receive one share of common stock in the combined company for each unit owned, while Six Flags shareholders will receive 0.5800 shares of stock in the combined company for each share owned. Cedar Fair unitholders will own approximately 51.2% of the combined company, while Six Flags shareholders will own about 48.8%. “Our merger with Six Flags will bring together two of North America’s iconic amusement park companies to establish a highly diversified footprint and a more robust operating model to enhance park offerings and performance,” Cedar Fair CEO Richard Zimmerman said in a prepared statement. Zimmerman will be president and CEO of the combined company. Selim Bassoul, president and CEO of Six Flags, will become executive chairman. #escrowcredirt #newmarktitleservices https://lnkd.in/ecr3Tz9m
Six Flags over Virginia? Kings Dominion is part of a massive amusement park merger
wtvr.com
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BOXPARK, the London-based hospitality company, experienced a 35% spike in sales in its 2023 financial year after the #WorldCup and the Women’s #Euros saw punters flock to its venues. Operating from three venues across London, #Boxpark provides areas for small pop-up #restaurants to hire, provides a bar, and organises events, most prominently fan-watch-alongs where #football games are projected onto huge screens. Revenues during the twelve months to April 2023 rose by over a third compared to pre-pandemic levels to reach £20.5 million, while underlying earnings came in at £5 million, up from £4.4 million in 2019/20, a trading update revealed. Much of the group’s success comes from its events, with 600 taking place over the financial year, helping bring in customers despite headwinds like weakened demand and higher costs prevailing for much of the twelve months. More at #Proactive #ProactiveInvestors http://ow.ly/etcY104Zfl3
Boxpark sales boosted by World Cup as it targets new venues
proactiveinvestors.co.uk
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Last summer, the Great Canadian Entertainment Casino Resort Toronto opened its doors, featuring an impressive array of entertainment options that make it the closest thing to Vegas in Canada. With 4,800 slot machines, 145 live table games, VIP rooms, sports betting kiosks, a 400-room hotel and a 5,000-seat entertainment venue, this $1-billion entertainment resort has been a major hit since its opening. If you haven't had the chance to visit yet, you should definitely check it out. According to Environics Analytics MobileScapes, YoY visitation has increased by 82% in the first three months of 2024, a testament to the excitement surrounding the resort. Interestingly, the casino catchment area has expanded as well. Prior to the renovation, 70% of all casino visits came from within 18km. Now, that threshold has increased to 25km, indicating a growing interest and appeal among a wider audience. Experience the thrill of this world-class casino resort and see for yourself why it's been such a success. #gaming #casino #dataanalytics https://lnkd.in/eKnHd4uZ
Canada's $1-billion casino resort opens in Toronto
https://toronto.citynews.ca
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Exciting changes in Las Vegas! 🌟 The Cosmopolitan is transitioning to MGM Rewards, offering enhanced benefits and experiences for guests. Dive into my latest article to learn about what this means for visitors and the gaming industry. Read more here: The Cosmopolitan Las Vegas Transitions to MGM Rewards #LasVegas #MGMRewards #Hospitality #IndustryNews
The Cosmopolitan Las Vegas transitions to MGM Rewards
sigma.world
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Commercial Real Estate/Multifamily/Construction Financing/Development/Manufacturing Finance/Cpace Financing/Sports and Entertainment Projects I will source the capital you need for your group!
Experiential real estate refers to properties designed to provide unique, engaging experiences rather than simply offering a place to live or work. This type of real estate includes venues and facilities that offer entertainment, recreation, education, and other interactive activities. Examples include amusement parks, ski resorts, water parks, movie theaters, concert venues, and themed retail environments. The goal of experiential real estate is to create environments where people can engage in memorable activities and social interactions, often fostering a sense of community and enhancing customer loyalty. These properties are tailored to deliver experiences that can’t be replicated online, making them valuable assets in the real estate market. Motown Sports Group Holdings mission is to establish itself as a world-class sports and entertainment facility, centered around youth sports. The capital raising for this project is making traction and Magna Capital Funding is excited to be a part of it. https://lnkd.in/gXsEqB7a
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Last week at the IAAPA Expo in Orlando, Hasbro's Matt Proulx shared great insights about the power of location-based entertainment to drive deep brand engagement. Licensing International's 2023 Global Licensing Industry Study showed that categories tapping into consumers' desire to spend time with loved ones outside of the home and share experiences saw significant growth. Music (up 26%), Sports (up 19%), and Collegiate (up 11%) all benefited from this trend. Experiences that partner with beloved brands are especially powerful. Even taking into account historic inflation, licensed items outperformed the overall retail market in 2022. The Licensed Services category—which includes restaurants and hotels—increased 205% in 2022. And the Location-Based Entertainment category grew 67% during the same period. #licensing #license #deals #brands #event
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Formula 1 in Las Vegas helped MGM Resorts, Moneygram Haas Formula 1 partner, to reach a new financial record in 2023 🙌 The reports after the Las Vegas Formula 1 race have been mixed, but we saw Liberty Media reach new financial heights in Q4 2023 and the casino/hotel/resort business in Las Vegas reports also very strong Q4 results. MGM Resorts, a Haas F1 partner, is no exception. MGM Las Vegas Strip Resorts reports net revenues of $2.4 billion in Q4 compared to $2.3 billion in 2022, partially due to Formula 1 and an increase in casino revenues. It is a new all-time high record. Bill Hornbuckle, CEO and President of MGM Resorts: “Our premium positioning and offerings in Las Vegas enable us to capture incremental profit during major events such as the Formula 1 race and our first Super Bowl." Las Vegas Strip Resorts casino table games win reached $ 540 million in Q4, compared to $375 in 2022. A 44 % increase. Wonder how much the Formula 1 drivers spent 😀 📷 Photo: Moneygram Haas F1
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Partially Retired Retail Sr. Executive
2moHow exciting and great addition to the fabulous Forum Shops!