Las Vegas Sphere construction cost rises

The cost of the construction of the MSG Sphere entertainment venue at The Venetian in Las Vegas, which is set to open in September, has risen again.

The Las Vegas Review-Journal reported that representatives of Sphere Entertainment, which is a spin-off from Madison Square Garden Entertainment, said that construction costs had climbed to $2.3bn from its prior estimate of $2.18bn.

The company said the increase reflects the “overall complexity of the project.”

It has already spent around $2.08bn on the project, which was net of $65m received from The Venetian. The company also announced that the installation of the interior screen at the Sphere is expected to be completed this month.