The Oakland Raiders NFL American football team has reached an agreement for Bank of Nevada to become a partner of its under-construction Allegiant Stadium in Las Vegas.
Allegiant Stadium is due to open next July and the Raiders’ partnership with Bank of Nevada will come into effect in the new year.
The deal will deliver meaningful programmes to connect Southern Nevada’s business community and increase educational outcomes in public schools.
The company will also become a partner of the Raiders Business Alliance, a group of corporate, community and business partners that will gather throughout the year to address issues faced by Southern Nevada businesses, including cybersecurity, investing for the future, community investment and digital transformation.
John Guedry, division chief executive of Bank of Nevada, said: “We are thrilled to be a partner of the Raiders and Allegiant Stadium as we embark on a dynamic new chapter for Southern Nevada.
“As the future hometown of the Raiders, Las Vegas is on the cusp of a new and exciting future that will bring many positive impacts to Southern Nevada’s workforce, construction industry, business community, tourism and many other sectors of our economy.”
Legends Global Partnerships, Allegiant Stadium’s official premium ticketing and sponsorships agency, represented the Raiders to secure the agreement with Bank of Nevada.
Las Vegas-based travel company Allegiant signed up as the naming-rights sponsor of the under-construction 65,000-seat stadium in August. Terms of the deal were not disclosed but reports suggested that Allegiant is likely to pay the Raiders between $20m (£15.5m/€17.9m) and $25m per year in cash and in-kind services.
Last month, San Manuel Casino was unveiled as a founding partner of Allegiant Stadium. The casino will also be an official sponsor of the Raiders as part of the deal.