Crypto.com released details of a nine-figure investment to completely renovate Crypto.com Arena. The project began in May in phases and is expected to be completed by fall 2024. In addition, the stadium will remain open throughout the renovation.
A major investment to renovate the Arena stadium.
And BeckermanPresident and CEO ofAEGexpressed his pride in the role that Crypto.com Arena has been playing since it opened, saying that’s why the two companies continue to invest hundreds of millions of dollars to make the Arena itself state-of-the-art.
“Since opening, we’ve invested hundreds of millions of dollars to ensure the venue remains state-of-the-art. All while consistently creating a world-class event and fan experience. The investment in these renovations demonstrates the continued commitment ofAEGof the Lakers and the Kings to provide the best experiences for all of our fans, partners, artists and teams.”
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The new Crypto.with Arena will consider VIP members. In addition, the improvement also includes a Tunnel Club on several levels which will offer “new reception areas and a unique viewing experience” to members and selected VIP guests. On the other hand, the Of the president Club will grow to provide VIP guests with a better experience and benefits in “the most private and coveted location in Crypto.com“.
The exchange also plans to install two large LED displays and visible ribbon panels on the seats. This will provide better visibility and publicity to fans. The project will be overseen by the stadium’s original architects, And Mine and Ron Turnerwho have improved the stadium over the past 20 years.
Growing involvement in the sports sector to Crypto.Com
The efforts of Crypto.com to bridge the gap between the cryptocurrency and sports industry is nothing new. His commercial movements have led him to become known at a high level in various sports disciplines.
Among others, Lee Zeidmanpresident of Crypto.com Arena, Microsoft Theater and LA LIVE, thea also underlined. Thus, he also noted that the project will bring new business opportunities to the team. Additionally, he also said the renovations will provide new ways to experience their sporting and music events.
Despite the winter crypto paralyzing, the exchange also scored a few winsgaining regulatory approval in a handful of countries, including the UK, South Korea, Italy, Cyprus, Singapore and Dubai.
Bonus: Australia will launch a crypto-asset mapping exercise intensifying market regulation.