Harrah’s CEO’s stake in Boston Celtics – sign for possible arena and NBA franchise in Las Vegas?
CATEGORIZED AS: Sports
Some interesting news on the NBA/Las Vegas arena front: Gary Loveman, CEO and president of Harrah’s Entertainment, is buying a 2.4 percent minority stake in the Boston Celtics according to a Sunday article in the Boston Globe.
David Stern, the league’s commissioner, initially rejected the purchase on account of Loveman’s affiliation with Harrah’s. According to Joel Litvin, president of league and basketball operations, Stern was following league policy that “no owner can also have an interest in a business that takes NBA bets.”
However, Loveman’s application was forwarded to the league’s Las Vegas Committee for review. The committee passed the application on condition that Harrah’s sportsbooks stop taking bets on Celtic games.


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Mixed martial arts fans will have a lot to watch on Wednesday and a lot to discuss nest to the water coolers on Thursday. This Wednesday night, the Spike Network will broadcast UFC Fight Night 11 followed by the debut of mixed martial arts reality show The Ultimate Fighter 6. 








