Another MLW departure confirmed as Senior Director exits company. Follow Us To Stay Connected With Its Updates Major League Wrestling has lost another longtime member of its team, and this time it's someone who played a major role in keeping the company's live events running. Mike Kitlas, who served as MLW's Senior Director of Live Events, has departed the promotion after seven years. According to PWInsider, Kitlas has left MLW to take a new position with Real American Freestyle. His departure ends a run with the company that began in 2019, during which he became an important part of its live event operations. Kitlas wasn't just someone working behind a desk, either. He was heavily involved in nearly every aspect of MLW's live event business, helping oversee the work that goes into putting on shows at venues across the country. Before joining MLW, Kitlas also worked for Madison Square Garden, giving him extensive experience in live event operations before becoming part of the wrestling promotion. It was noted that Kitlas was extremely well-liked within MLW and had developed a reputation for being one of the first people to arrive at a venue and one of the last to leave. His responsibilities extended throughout the live events department, making him a familiar presence behind the scenes. His next stop will be Real American Freestyle, where he'll continue working in the combat sports industry. Details about his specific responsibilities with the organization have not been disclosed. Kitlas' departure also comes as MLW is dealing with another exit. Emmy-winning actor Paul Walter Hauser recently announced that he had parted ways with the promotion over creative differences, although the circumstances surrounding the two departures are different. Losing someone who spent seven years involved in practically every aspect of live event operations is certainly a significant change for MLW. While Kitlas is moving on to another opportunity, the company will now have to move forward without one of the longtime figures responsible for helping bring its shows together. What do you think about Mike Kitlas leaving MLW for Real American Freestyle after seven years with the company? Let Ringside News know your thoughts and feedback in the comments below. Share Send This Story To Your Friends Felix Upton has over 15 years of experience in media and wrestling journalism. His work at Ringside News blends speed, accuracy, and industry insight.

Tokyo could get a Las vegas-style Sphere arena as SBI Holdings explores Japan project. October 17, 2026 A new immersive entertainment arena inspired by the famous Sphere in Las Vegas could be built in Tokyo, as Japanese financial services company SBI Holdings explores a potential collaboration with Madison Square Garden (MSG) Entertainment. The proposed project could introduce Japan to a large-scale venue combining advanced visual technology, sound and live entertainment. However, discussions remain at an early stage, and the project has not been confirmed. SBI Holdings in Talks with MSG Entertainment SBI Holdings, a Tokyo-based financial services group, has reportedly entered discussions with MSG Entertainment about developing a Japanese version of the Sphere concept. According to reports published in April 2026, the project could require an investment of approximately ¥350 billion, equivalent to around US$2.2 billion. SBI Holdings Chairman and President Yoshitaka Kitao indicated that the final cost could rise to ¥500 billion, depending on the project's requirements and expenses. No final agreement or construction schedule has been announced. Odaiba Considered as a Potential Location Tokyo's waterfront district of Odaiba has been mentioned as a possible site for the proposed arena. Known for its entertainment attractions, shopping complexes and waterfront setting, the area could offer a suitable location for a major visitor destination. Early reports suggest the venue could accommodate around 20,000 people and feature a fully enclosed spherical structure. These details remain preliminary and may change as discussions progress. What Makes the Sphere Concept Different? The original Sphere in Las Vegas is known for its distinctive spherical exterior display and immersive interior screen. Its technology combines high-resolution visuals, specialised sound and multisensory effects to create experiences for concerts, films and other live events. Sphere Entertainment describes its technology as including a high-resolution interior LED display, immersive sound and effects designed to engage audiences beyond traditional screens. A similar venue in Tokyo could potentially host concerts, visual productions, sporting events and other entertainment experiences, although its final programming has not been announced. Potential Impact on Tokyo's Entertainment Industry If developed, a Sphere-style arena could add a new attraction to Tokyo's entertainment landscape and create opportunities for live performances, tourism and technology-driven productions. The project could also bring together expertise in architecture, digital displays, sound engineering and event production. However, its eventual impact would depend on the final investment, location, operating model and range of events offered. Part of a Wider Global Expansion Sphere Entertainment has been exploring opportunities to establish additional venues in international markets. In 2026, the company also announced plans for Sphere Abu Dhabi, while discussions continued around other potential locations. The discussions involving SBI Holdings would represent another possible step in bringing the immersive entertainment concept to a new market. Final Word Tokyo could eventually become home to a Sphere-style arena, with SBI Holdings and MSG Entertainment reportedly discussing the possibility of developing a large-scale immersive venue in Japan. With Odaiba under consideration and investment estimates running into hundreds of billions of yen, the proposal could become a significant entertainment development if it moves forward. For now, however, the project remains under discussion, with key details yet to be finalised. Published October 17, 2026 June 20, 2024 August 28, 2024 January 16, 2025 January 17, 2025 January 21, 2025 February 1, 2025

Madison Square Garden Entertainment Corp. (NYSE:MSGE) stock has consensus target price of $91.62 according to brokerages. October 15, 2026 Key points. * Analysts maintain a "Hold" consensus on Madison Square Garden Entertainment, with seven hold ratings and four buys. The average 12-month price target is $91.62 versus the reported share price of $79.00. * Institutional investors hold 96.86% of MSGE's shares, with several funds recently initiating or increasing positions, including Congress Asset Management, which bought a stake valued at approximately $24.28 million. * MSGE exceeded quarterly expectations, reporting an adjusted loss of $0.21 per share versus the anticipated $0.44 loss and revenue of $196.32 million versus $166.62 million expected. Revenue increased 27.4% year over year. * Five stocks we like better than Madison Square Garden Entertainment. Shares of Madison Square Garden Entertainment Corp. (NYSE:MSGE - Get Free Report) have been given a consensus rating of "Hold" by the eleven analysts that are currently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $91.62. A number of research firms have issued reports on MSGE. Piper Sandler began coverage on Madison Square Garden Entertainment in a report on Thursday, August 20th. They set a "neutral" rating and a $86.00 price target on the stock. Zacks Research lowered shares of Madison Square Garden Entertainment from a "strong-buy" rating to a "hold" rating in a research note on Monday. Weiss Ratings reiterated a "hold (c)" rating on shares of Madison Square Garden Entertainment in a research note on Friday, July 31st. Morgan Stanley raised their price target on shares of Madison Square Garden Entertainment from $70.00 to $80.00 and gave the stock an "equal weight" rating in a report on Tuesday, June 23rd. Finally, Guggenheim lifted their price target on shares of Madison Square Garden Entertainment from $82.00 to $103.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Institutional inflows and outflows. A number of institutional investors have recently added to or reduced their stakes in MSGE. B. Riley Wealth Advisors Inc. acquired a new stake in Madison Square Garden Entertainment in the 3rd quarter valued at $545,000. GK Wealth Management LLC purchased a new stake in shares of Madison Square Garden Entertainment in the third quarter worth approximately $73,000. Congress Asset Management Co. purchased a new position in shares of Madison Square Garden Entertainment during the third quarter valued at approximately $24,280,000. Scholtz & Company LLC grew its holdings in Madison Square Garden Entertainment by 67.8% during the second quarter. Scholtz & Company LLC now owns 62,037 shares of the company's stock worth $5,018,000 after buying an additional 25,066 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Madison Square Garden Entertainment during the 2nd quarter valued at $323,000. 96.86% of the stock is owned by institutional investors and hedge funds. Madison Square Garden Entertainment stock performance. Shares of Madison Square Garden Entertainment stock opened at $79.00 on Thursday. The business has a 50-day moving average price of $79.78 and a two-hundred day moving average price of $73.54. Madison Square Garden Entertainment has a 1-year low of $43.33 and a 1-year high of $90.41. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 11.80. The company has a market cap of $3.19 billion, a P/E ratio of 57.25 and a beta of 0.55. Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.44) by $0.23. The company had revenue of $196.32 million for the quarter, compared to the consensus estimate of $166.62 million. Madison Square Garden Entertainment had a return on equity of 480.83% and a net margin of 6.24%. The firm's revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.57) EPS. As a group, analysts anticipate that Madison Square Garden Entertainment will post 2.50 EPS for the current year. About Madison Square Garden Entertainment. Madison Square Garden Entertainment Corp. NYSE: MSGE is a live entertainment company that owns, operates and produces experiences at prominent venues. Its portfolio includes Madison Square Garden and Radio City Music Hall in New York City, the Beacon Theatre in New York, and The Chicago Theatre in Chicago. The company presents concerts, comedy shows, family entertainment, theatrical productions and other cultural events. It is also known for producing the Radio City Christmas Spectacular, featuring the Rockettes, and for developing original entertainment and hospitality experiences connected with its venues. Madison Square Garden Entertainment was established as an independent public company following the separation of the entertainment businesses from Madison Square Garden Sports Corp. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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