"This is a three-way partnership between UNLV, our private partner (Majestic) and the industry," Snyder said, "It's natural that they play a role."
Snyder has talked with many of the major casino and hotel executives in town, and said he is confident the hospitality industry will help fund UNLV Now because the stadium would extend their ability to put more "heads in beds."
"Nobody has said we don't need this stadium," Snyder said, referring to his conversation with Strip resort executives. "There is broad-based support for this project."
A study by the University of Michigans Center for Sport Management determined that with 15 events annually, a mega-events center would produce a total of $393.2 million in new direct spending for Las Vegas' hospitality sector.
These new events might include a Mountain West Conference football championship game, a new college football bowl game, a NFL exhibition game, the UFC International Fight Week, a championship boxing match, a soccer expo, a smaller Electric Daisy Carnival music festival, the American Country Music awards and touring concerts.
"We will secure a lot more events if we have this stadium," said Pat Christenson, the president of Las Vegas Events, which seeks to attract major events to southern Nevada. "Because this venue itself will become an attraction, it's going to help sell more tickets. With the event, the Las Vegas (Strip) and the venue, it's going to be a highly powerful marketing combination."