Las Vegas' iconic new Sphere concert venue racks up enormous losses

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Las Vegas' iconic new Sphere concert venue racks up enormous losses

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The Las Vegas Sphere is losing staggering sums, as company executives admitted they don't yet know how to make the venue profitable. From June 30 to September 30, the Sphere reported an operating income loss of $125.1 million. The towering orb, complete with 1.2 million exterior LEDs that create stunning light displays on the already-bright Vegas strip, is burning money faster than it did this time last year. However, last year's quarterly loss of $98.
Read More >> Full Article on Source: CELEBS MAG
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