Las Vegas Stadium Authority

What Las Vegas Stadium Authority does

The Las Vegas Stadium Authority (LVSA) is a Nevada state public body created by Senate Bill 1 during the 30th Special Session of the Nevada State Legislature in October 2016, with its mandate subsequently expanded by SB1 of the 35th Special Session to cover a planned MLB stadium project. The Authority owns and oversees Allegiant Stadium, a $1.97 billion multi-purpose venue that opened in 2020 and serves as the home of the Las Vegas Raiders (NFL) and UNLV football under a 30-year non-relocation agreement and a Joint Use Agreement, respectively. It is also the statutory owner and oversight body for a planned $2 billion domed MLB stadium on the Las Vegas Strip for the Oakland Athletics, scheduled to open for the 2028 MLB season. Operations and programming at Allegiant Stadium are managed by AEG (Anschutz Entertainment Group), contracted through StadCo (LV Stadium Events Company, the Raiders-owned subsidiary that invested $1.2 billion in the project).

The Authority's revenue and funding mechanics center on a two-tiered Clark County hotel room tax (0.88% for Strip properties, 0.5% for other areas within 25 miles of the Clark County Government Center), which repays bond debt, establishes debt reserves, supports LVSA operations, and funds capital improvements. The public investment is capped at $750 million. Stadium operations revenue flows through a coverage waterfall managed by the Authority, and the entity oversees a Community Benefits Plan with a Small Business Compliance Program requiring at least 15% of construction to be subcontracted to local small businesses. Personal Seat License (PSL) revenue, which generated a then-NFL-record $549.2 million for the Raiders, is a key private funding mechanism being replicated for the A's MLB project, with the PSL deal on the February 19, 2026 board agenda.

The Authority is governed by a 13-member Board of Directors (including two ex-officio non-voting members, the Nevada State Treasurer and Clark County Treasurer), with members appointed by the Nevada Governor, Clark County Commission, UNLV, and the Authority itself. It employs 11-50 staff, with operations led by staff contacts including Ed Finger and Shelley Olson, and conducts public board meetings at the Las Vegas Convention Center. Two Community Oversight Committees (one per stadium project) monitor compliance with community benefits agreements, and the Authority operates a suite ticket lottery application for community organizations.

Name

Las Vegas Stadium Authority

Legal name

Las Vegas Stadium Authority

Website

https://lvstadiumauthority.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

The Las Vegas Stadium Authority is a Nevada state public body that owns and oversees Allegiant Stadium (NFL home of the Las Vegas Raiders) and the planned $2 billion Athletics MLB stadium on the Strip, funded by capped $750 million in public investment via Clark County hotel room taxes.

Ownership category

akta.pro rank

Product category

Public Sports Infrastructure Governance

NAICS

Promoters of Performing Arts, Sports, and Similar Events with Facilities (71131), Spectator Sports (7112)

SIC

Services-Miscellaneous Amusement & Recreation (7990), Services-Amusement & Recreation Services (7900)

akta.pro primary industry

Professional & Major League Stadiums (MPAKAEAA)

akta.pro secondary industries

Sports Venue Operations for Live Games (Stadiums/Arenas) (MPAGAMAG), Arena & Stadium Operations (Large-Capacity Venues) (MPAGALAA), Venue & Facility Sponsorship (Naming Rights, Venue Partners) (MPAKALAC)

Keywords

• Stadium authority governance
• Public sports oversight
• Stadium infrastructure financing
• Public venue ownership
• Community benefits compliance

Headquarters

HQ city

Las Vegas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Others

Revenue model

1. Hotel Room Tax Revenue: Clark County collects a two-tiered hotel room tax rate (0.88% for Strip properties, 0.5% for other areas within 25 miles of Clark County Government Center) to repay bond debt, establish debt reserves, support LVSA operations, and fund capital improvements.
2. Personal Seat License (PSL) Revenue: PSLs are sold to fans purchasing season tickets at stadiums. The Raiders previously generated $549.2 million in PSL revenue for their NFL stadium. PSLs are being pursued for the A's MLB stadium as a funding mechanism.
3. Stadium Operations Revenue: Revenue generated from stadium events including NFL games, concerts, soccer matches, and other entertainment events managed by StadCo and AEG.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

The Las Vegas Stadium Authority owns and oversees the Allegiant Stadium (NFL, operational since 2020) and the planned A's MLB Stadium on the Las Vegas Strip. It manages coverage waterfall revenue distributions, capital improvement funds, and enforces community benefits compliance. It also operates a suite ticket lottery for community organizations, a vendor registration system, and a small business compliance program requiring 15% local subcontracting on stadium construction projects.

Product overview

The Las Vegas Stadium Authority operates a platform of two stadium projects and associated oversight services. The core products are Allegiant Stadium (NFL, operational since 2020) and the planned A's MLB Stadium (on the Strip, opening 2028). Supporting modules include a suite ticket lottery application for community organizations, a vendor registration and small business compliance program ensuring 15% local business participation, and two Community Oversight Committees (one for each stadium project) that monitor compliance with community benefits agreements. The Authority also provides public access to meeting agendas, financial reports, and legal documents through its transparency portal.

Differentiator

Problem solved

Functional benefit

Brands

• Allegiant Stadium: NFL stadium home to the Las Vegas Raiders, managed by the Authority
• MLB Stadium

Products and services

• Allegiant Stadium Allegiant Stadium is a $1.97 billion NFL stadium in Las Vegas serving as the home venue for the Las Vegas Raiders (NFL) and UNLV football. It is a multi-purpose facility capable of hosting sports events, concerts, soccer matches, and motorsports.
• MLB Stadium (A's) A planned $2 billion domed MLB stadium on the Las Vegas Strip for the Oakland Athletics, scheduled to open for the 2028 MLB season. The Stadium Authority is responsible for ownership and oversight of the MLB stadium project under Senate Bill 1 of the 35th Special Session.
• Suite Ticket Lottery Program An online lottery-based application service for Southern Nevada community organizations to request suite tickets at Allegiant Stadium for Las Vegas Raiders home games and other selected events, subject to eligibility verification under the Authority Suite Access Policy.
• Vendor Registration Service A vendor registration service for construction and operational vendors interested in participating in stadium projects. For Allegiant Stadium, vendors are directed to allegiantstadium.com. For MLB Stadium, vendors register via mmjvlva.com for construction or submit information for operational services such as food vending and security.
• Small Business Compliance Program A compliance program requiring at least 15 percent of stadium project construction be subcontracted to small local businesses as defined by Section 31.5 of Senate Bill 1, with specific annual revenue limits and operational requirements.
• Stadium Community Oversight Committee Service An oversight committee service created to monitor the developer's compliance with the Community Benefits Plan, providing accountability for community participation in economic opportunities related to stadium design, construction, and operation at Allegiant Stadium.
• Baseball Stadium Community Oversight Committee Service An oversight committee service for the MLB stadium project ensuring community participation in economic opportunities per the Community Benefits Agreement under Senate Bill 1 of the 35th Special Session.

Named customers4 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and major.

• StadCo (LV Stadium Events Company)coreStrategic or Co-development PartnerStadCo is the subsidiary company created by the Raiders franchise to oversee stadium project development and operations. As the primary decision-maker in both development and operation, StadCo works with LVSA under various legal agreements including the Development Agreement and Lease Agreement. StadCo invested $1.2 billion in the stadium project.
• AEG (Anschutz Entertainment Group)coreStrategic or Co-development PartnerAEG is a worldwide sports and entertainment management company hired by StadCo to manage programming and operations for Allegiant Stadium. AEG has a global venue portfolio including T-Mobile Arena in Las Vegas.
• UNLV (University of Nevada, Las Vegas)coreStrategic or Co-development PartnerUNLV football serves as co-tenant of Allegiant Stadium under a Joint Use Agreement. UNLV receives game revenue and contributes to the stadium ecosystem as a major university athletics program.
• Clark CountycoreStrategic or Co-development PartnerClark County issues bonds on behalf of LVSA and enacted the hotel room tax rate to generate stadium development revenue. The county works with LVSA on various stadium-related agreements and approvals.
• Mortenson ConstructionmajorImplementation/ SI/ Consulting PartnerConstruction firm working on the MLB stadium project (Athletics). Vendors for construction-related services register directly with Mortenson and McCarthy Building Services for the project.
• McCarthy Building ServicesmajorImplementation/ SI/ Consulting PartnerConstruction firm working on the MLB stadium project alongside Mortenson Construction.
• Las Vegas Convention and Visitors Authority (LVCVA)majorStrategic or Co-development PartnerLVSA Chairman Steve Hill serves as President/CEO of LVCVA, the destination marketing organization for Las Vegas. LVCVA owns and operates the Las Vegas Convention Center where LVSA holds board meetings.

Scale indicators7 records

Recent moves15 records

Expansion highlights5 records

Broad incumbents

• Caesars Entertainment: Major Las Vegas Strip entertainment operator with a board director also serving on LVSA's board. Relevant as a Las Vegas incumbent in sports sponsorship, arena operations, and Strip-based entertainment that anchors the same tourism ecosystem LVSA's hotel tax depends on.
• MGM Resorts International: Dominant Las Vegas Strip operator whose President of Operations sits on LVSA's board. Relevant comparable as a Las Vegas entertainment/hospitality incumbent whose event, convention, and arena-adjacent businesses interact with the Authority's venue ecosystem.
• SoFi Stadium (Hollywood Park): Privately owned NFL and multi-purpose venue (Rams/Chargers). Comparable in scale and use case to Allegiant Stadium but privately owned rather than publicly overseen — a relevant benchmark for venue economics, premium seating, and mega-event capability.

Direct peers

• Empower Field at Mile High (Metropolitan Football Stadium District): Owned by the Metropolitan Football Stadium District, a Colorado public stadium authority that owns the Denver Broncos' NFL venue. Direct peer as a government district entity providing public oversight of a major professional football stadium.
• Las Vegas Convention and Visitors Authority (LVCVA): Sister Las Vegas public authority responsible for destination marketing and convention center operations; LVSA Chairman Steve Hill is LVCVA President/CEO. Closest peer within Las Vegas as a public authority leveraging tourism taxes to fund major infrastructure.
• MetLife Stadium (NY/NJ Sports & Exposition Authority): Public-state authority that owns and operates MetLife Stadium, home of the NFL's Giants and Jets. Direct structural peer to LVSA — a legislatively created public body overseeing a major NFL stadium with anchor-tenant non-relocation arrangements.
• Levi's Stadium (Santa Clara Stadium Authority): Owned by the Santa Clara Stadium Authority, a public California entity that built and oversees Levi's Stadium for the San Francisco 49ers. Direct peer as a public stadium authority with a single primary NFL tenant and tourism/hospitality funding rationale.
• State Farm Stadium (Arizona Sports & Tourism Authority): Owned by the Arizona Sports & Tourism Authority, a public stadium authority modeled similarly to LVSA. Direct peer as a public authority overseeing an NFL stadium (Arizona Cardinals) funded by tourism-related taxes.
• NRG Stadium (Harris County-Houston Sports Authority): Owned by the Harris County-Houston Sports Authority, a public body overseeing NRG Stadium (NFL Texans). Direct structural peer to LVSA as a sports authority owning a multi-purpose NFL stadium and event venue complex.
• AEG (Anschutz Entertainment Group): Global sports and entertainment venue operator and the Authority's programming/operations partner on Allegiant Stadium; also operates T-Mobile Arena in Las Vegas. Direct peer on Las Vegas venue operations and global concert/event routing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/VegasStadium

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Las Vegas Stadium Authority