AEG’s Side Bet On Vegas

Anschutz Entertainment Group has reportedly dropped out of a pool of developers with arena proposals for downtown Las Vegas and decided to build its own venue, rather than wait for the results of the city’s selection process.

It could mean two new arenas for Las Vegas, according to the Las Vegas Review-Journal. AEG had been one of seven developers to make the final cut in the city’s process, then withdrew without explanation, according to the paper. The city has since cut the list of finalists to four.

However, Street & Smith’s SportsBusiness Journal reportedly said AEG did not make that cut.

It all could be a moot point with AEG taking the initiative on its own building, expected to open outside of downtown in 2010.

If all plans on the table come to fruition, Las Vegas would have six arenas.

An AEG representative did not return a call from Pollstar by press time.