WNBA Makes the Move to Las Vegas

Events are the name of the game in Las Vegas right now, and gaming companies are looking for any big-name event they can get. That's a big reason why MGM Resorts (NYSE: MGM) is buying the San Antonio Stars WNBA team and moving it to the Mandalay Bay Events Center on the south end of the Las Vegas Strip.

In the last few years, Las Vegas has attracted an NFL team, an NHL team, and now a WNBA team. It has also built a stand-alone arena -- MGM's T-Mobile Arena behind New York-New York -- and begun construction on an NFL arena. Las Vegas is betting big on sporting events, but it's not yet clear if the Las Vegas Strip is a great home for sports long-term.

Image source: T-Mobile Arena.

Source: Fool.com