April 3, 2007
Board of Governors
National Basketball Association
645 Fifth Avenue
New York, NY 10022
Attention: Commissioner David Stern
On behalf of our constituents, we seek your support in designating Las Vegas as the next locale for an NBA franchise. We are in the process of considering a number of proposals to build a world-class arena and would like to include the NBA in our plans.
As you know, Las Vegas is a great place to live and to do business. Our world class entertainment, fabulous restaurants and boutique retail shops, the phenomenal resorts and our wonderful quality of life beckon people from all over to come here. Our excellent tax
climate and pro-business environment allow for the American dream to be realized here.As a result, we are the fastest growing region in the United States with a permanent population reaching two million, with a new resident arriving every six minutes and a new home being completed every twenty minutes.
We also have forty million people visiting us each year, and have an effective market of fifty one million who are within a day's drive from Las Vegas.
We are fully cognizant of the Association's position as it relates to sports wagering, and in particular the acceptance of wagers on NBA games by our licensed sports books- We recognized that this issue is of clear and significant importance to the Association, as well as our community and our state regulatory agencies.
With respect to the Association's position, we would like to emphasize that Nevada's regulatory system has a record of performance that should provide sufficient cause for the Association to permit a franchise to exist comfortably in Las Vegas without concern of corruption or interference by unsavory individuals. We believe that our regulatory system is considered the world's leading example in providing the necessary framework for operating wagering that earns the public trust and confidence for integrity and operational excellence.
Our regulations support the acceptance of wagers from the public in a manner consistent with the highest levels of integrity and probity. In fact, over the
years, our state regulatory body has helped identify wagering irregularities and worked cooperatively with federal officials to successfully investigate such matters.
We propose that a dialogue take place where we will outline how wagering shall be monitored jointly between the Association and our regulatory agencies; state legislation be enacted which would assure the Association that no improprieties will occur; and we promise that we will work together to guarantee the success of a true public-private partnership.
We will make ourselves available at your pleasure. Thank you for all courtesies in advance.
Oscar B_ Goodman
City of Las Vegas
Clark County Commission
Las Vegas Convention
and Visitors Authority