Legal Battle Ongoing Over Failed Las Vegas Sportsbook-Nightlife Destination at Virgin Hotels Las Vegas

Long-running disagreement

A unique sportsbook-nightlife concept at Virgin Hotels Las Vegas is at the center of an ongoing court battle over who is responsible for certain building costs. The two parties are JC Hospitality, one of the property’s operators, and a unique destination experience called Money, Baby! that was open at the casino between March 2021 and June 2022.

the casino evicted Money, Baby! and filed for a breach of lease

The legal battle began in July 2022 after the casino evicted Money, Baby! and filed for a breach of lease for not paying a construction lien of about $845,000. Virgin Hotels issued a notice of default, which led to the business closing. This was also a breach of the contract according to the original lawsuit from JC Hospitality.

Outstanding event deposits totalling $220,000 were allegedly never returned to Virgin Hotel following the closure.

No luck

The original idea behind Money, Baby! was for it to be a “sports betting and nightlife destination” in the casino, operated by Clive Collective. It had numerous bars, a patio, a large area for viewing sports, and interactive games when it launched.

Virgin Las Vegas eventually reopened the lounge as “Skybox” in October 2022 and operated it in-house.

The main issue was the lack of an actual sportsbook because the property’s chosen partner, the UK-based Betfred, didn’t secure a license in Nevada until January 2023. This meant that Money, Baby! couldn’t accept any sports bets.

Pointing the finger

Money, Baby! contends that it had to close up shop due to the actions of the property’s partners. In a counterclaim, it alleged that JC Hospitality executives informed the general contractor that it would cover the construction costs to ensure it would meet the opening timeline.

the lack of a sportsbook license as the key reason for the failure

The legal team also points towards the lack of a sportsbook license as the key reason for the failure of the business. Speaking to VegasSlotsOnline News, Money, Baby! Legal Consultant Adam Shelton outlined his client’s belief that the property’s rush to open its doors led to “several huge mistakes” and “opened the officers in charge” to personal liability.

They are seeking damages in excess of $400m for various reasons, including lost earnings and loss of investment. The next stage for this legal battle is a motion to dismiss hearing on July 24.

The post Legal Battle Ongoing Over Failed Las Vegas Sportsbook-Nightlife Destination at Virgin Hotels Las Vegas appeared first on Vegas Slots Online News.

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