Venu Holding Corporation Set to Open Four New Live Entertainment Facilities

Rhea-AI Summary

Venu Holding (NYSE: VENU) has announced plans to open four new entertainment facilities in Texas and Oklahoma over the next 24 months. The new venues will be located in McKinney (Dallas market), El Paso, Broken Arrow (Tulsa market), and Oklahoma City. When completed, VENU will have a total capacity of 80,000 seats across its properties.

Each facility is expected to host 40-50 shows annually. The venues are projected to collectively generate over $750 million in annual revenue, with potential net tangible assets exceeding $1 billion within six quarters. The development costs range from $93 million to $220 million per venue, with capacities between 12,500 and 20,000 fans. Each location will feature Luxury Fire Pit Suites and Aikman Club Memberships.

Positive

• Projected annual revenue of $750+ million from all venues
• Expected net tangible assets to exceed $1 billion within six quarters
• Strategic partnerships with companies like AEG Presents for ticket sales
• Multiple revenue streams: tickets, food/beverage, parking, sponsorships
• Guaranteed 40-50 shows annually per venue

Negative

• High development costs ranging from $93M to $220M per venue
• Extended 24-month development timeline before revenue generation
• Significant capital investment required for multiple simultaneous developments

Insights

Financial Analyst

This major expansion represents a significant growth catalyst for VENU. The planned $523 million investment across four new venues is expected to generate an impressive $750 million in annual revenue, potentially pushing net tangible assets beyond $1 billion within 18 months. The business model appears robust, combining multiple revenue streams through ticket sales, F&B, parking and sponsorships. With strategic partnerships like AEG Presents and 40-50 shows planned annually per venue, the company is positioning for consistent cash flow. The premium offerings through Luxury Fire Pit Suites and Aikman Club Memberships should drive higher margins. However, investors should monitor execution risks given the substantial capital expenditure and ambitious timeline.

Market Research Analyst

The strategic market selection demonstrates strong growth potential. Targeting Dallas, El Paso, Tulsa and Oklahoma City provides geographic diversification while tapping into underserved entertainment markets. The 80,000-seat total capacity across markets creates significant scale advantages. The "fan-founded and fan-owned" model, combined with premium amenities like fire pit suites, positions VENU uniquely in the live entertainment space. The multi-seasonal venue approach and flexible configurations enhance utilization potential. With plans for ten additional major markets, the company's aggressive expansion strategy could establish VENU as a major player in the live entertainment industry.

McKinney (Dallas Market) and El Paso, Texas, Broken Arrow (Tulsa Market) and Oklahoma City, Oklahoma, venues will result in 80,000 seats across all VENU owned properties.

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)-- Venu Holding Corporation ("VENU" or the “Company”) (NYSE American: VENU), a leading premium hospitality and live entertainment company built by music fans, for music fans, is set to open four new entertainment facilities. Driven by a fan-founded and fan-owned model the new locations will be developed in McKinney, TX (Dallas market), El Paso, TX, Broken Arrow, OK (Tulsa market), and Oklahoma City, OK over the next 24 months. When fully operational, the Company will boast a total inventory of 80,000 seats across five major markets. With six operating properties currently and plans to expand into up to ten additional major markets, VENU is creating destinations where world-class music, fine dining, and exceptional hospitality come together.

Each of VENU’s facilities are projected to host between 40-50 shows annually. With the addition of VENU’s multi-seasonal venues and strategic configurations, these venues are anticipated to collectively generate over $750 million in annual revenue, driving net tangible assets and mark-to-market balance sheet value to potentially exceed $1 billion within the next six quarters. The Company’s ticket sales are secured through strategic operating and booking partnerships (such as AEG Presents for Ford Amphitheater in Colorado Springs), intended to ensure consistent demand and broad audience reach for events. Further, each venue drives revenue through food and beverage sales, parking, and sponsorship opportunities. The Company expects to announce additional entertainment complexes soon.

McKinney, Texas (Dallas Market) – Click here to learn more

• Expected to Open 2026
• Capacity: 20,000 fans
• Estimated Cost of Development: $220,000, 000
• Average Shows Per Year: 40-50
• Luxury Fire Pit Suite Units for Investment: 295
• Aikman Club Memberships: 350

El Paso, Texas – Click here to learn more

• Expected to Open 2026
• Capacity: est. 12,500 fans
• Estimated Cost of Development: est. $105,000,000
• Average Shows Per Year: est. 40-50
• Luxury Fire Pit Suite Units for Investment: est. 202
• Aikman Club Memberships: est. 175

Broken Arrow, Oklahoma (Tulsa Market) – Click here to learn more

• Expected to Open 2025
• Capacity: 12,500 fans
• Estimated Cost of Development: $93,000,000
• Average Shows Per Year: 40-50
• Luxury Fire Pit Suite Units for Investment: 202
• Aikman Club Memberships: 175

Oklahoma City Market– location in progress. Click here to learn more

• Capacity: est. 12,500 fans
• Estimated Cost of Development: est. $105,000,000
• Average Shows Per Year: est. 40-50
• Luxury Fire Pit Suite Units for Investment: est. 202
• Aikman Club Memberships: est. 175
• Source: Venu Holding Corporation

About Venu Holding Corporation

Venu Holding Corporation ("VENU") (NYSE American: VENU), founded by Colorado Springs entrepreneur J.W. Roth, is a premier hospitality and live music venue developer dedicated to crafting luxury, experience-driven entertainment destinations. VENU’s campuses in Colorado Springs, Colorado, and Gainesville, Georgia, each feature Bourbon Brothers Smokehouse and Tavern, The Hall at Bourbon Brothers. Unique to Colorado Springs, Notes Eatery, and the 8,000-seat Ford Amphitheater. Expanding with new Sunset Amphitheaters in Oklahoma and Texas, VENU’s upcoming large-scale venues will host between 12,500 and 20,000 guests, continuing VENU’s vision of redefining the live entertainment experience.

VENU has been recognized nationally by The Wall Street Journal, The New York Times, Denver Post, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents, NFL Hall of Famer and Founder of EIGHT Elite Light Lager, Troy Aikman, VENU continues to shape the future of the entertainment landscape. For more information, visit venu.live.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241216590242/en/

For media requests, connect with Chloe Hoeft at choeft@venu.live or 719-895-5470

Source: Venu Holding Corporation

FAQ

What is the total investment cost for VENU's four new entertainment facilities?

The total estimated development cost for all four venues is approximately $523 million, with individual costs ranging from $93 million to $220 million per venue.

When will VENU's new entertainment facilities be operational?

The facilities will open over the next 24 months, with Broken Arrow (Tulsa) scheduled for 2025 and McKinney (Dallas) and El Paso locations planned for 2026.

What is the expected annual revenue for VENU's entertainment facilities?

The venues are anticipated to collectively generate over $750 million in annual revenue when fully operational.

How many shows will each VENU facility host annually?

Each venue is projected to host between 40-50 shows annually.

What is the total seating capacity across all VENU properties?

When all new facilities are completed, VENU will have a total inventory of 80,000 seats across its properties.