Venu Holding Corporation announced on December 16, 2024, its plans to open four new entertainment facilities over the next 24 months. These new locations will be developed in McKinney, TX (Dallas market), El Paso, TX, Broken Arrow, OK (Tulsa market), and Oklahoma City, OK.
Upon full operation, these additions will bring the company's total inventory to 80,000 seats across five major markets. Each facility is projected to host between 40-50 shows annually, significantly expanding VENU's operational footprint.
The new venues are anticipated to collectively generate over $750 million in annual revenue and drive net tangible assets and mark-to-market balance sheet value to potentially exceed $1 billion within the next six quarters. This expansion is secured through strategic operating and booking partnerships, along with revenue from food and beverage sales, parking, and sponsorships.
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