{"id":729028,"date":"2023-02-06T16:19:20","date_gmt":"2023-02-06T21:19:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/madison-square-garden-entertainment-corp-provides-update-on-tao-group-hospitality\/"},"modified":"2023-02-06T16:19:20","modified_gmt":"2023-02-06T21:19:20","slug":"madison-square-garden-entertainment-corp-provides-update-on-tao-group-hospitality","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/madison-square-garden-entertainment-corp-provides-update-on-tao-group-hospitality\/","title":{"rendered":"Madison Square Garden Entertainment Corp. Provides Update on Tao Group Hospitality"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Madison Square Garden Entertainment Corp. Provides Update on <\/b><b>Tao Group Hospitality<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nMadison Square Garden Entertainment Corp. (NYSE: MSGE) (\u201cMSG Entertainment\u201d) today announced the Company is exploring a potential sale of its majority interest in Tao Group Hospitality. Since MSG Entertainment acquired its interest in 2017, Tao Group Hospitality has transformed into a global entertainment dining and nightlife powerhouse, with more than 70 branded locations in over 20 markets across four continents.\n<\/p>\n<p>\nMSG Entertainment regularly evaluates ways to maximize shareholder value and believes that now is the appropriate time to explore a potential sale of its interest in Tao Group Hospitality. There is no assurance this exploration process will result in a transaction.\n<\/p>\n<p><b>About Madison Square Garden Entertainment Corp.<\/b><\/p>\n<p>\nMadison Square Garden Entertainment Corp. (MSG Entertainment) is a leader in live entertainment. The Company presents or hosts a broad array of events in its diverse collection of venues: New York\u2019s Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; and The Chicago Theatre. MSG Entertainment is also building a new state-of-the-art venue in Las Vegas, MSG Sphere at The Venetian. In addition, the Company features the original production, the <i>Christmas Spectacular Starring the Radio City Rockettes<\/i>, and delivers a wide range of live sports content and other programming through two regional sports and entertainment networks, MSG Network and MSG Sportsnet. Also under the MSG Entertainment umbrella is Tao Group Hospitality, with entertainment dining and nightlife brands including: Tao, Hakkasan, Omnia, Marquee, Lavo, Beauty &amp; Essex, and Cath\u00e9drale. More information is available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.msgentertainment.com&amp;esheet=53303871&amp;newsitemid=20230206005616&amp;lan=en-US&amp;anchor=www.msgentertainment.com&amp;index=1&amp;md5=32058af9d8afbd934517b7f1f2b6e4c5\">www.msgentertainment.com<\/a>.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments or events may differ materially from those in the forward-looking statements as a result of various factors, including financial community perceptions of the Company and its business, operations, financial condition and the industries in which it operates, the impact of the COVID-19 pandemic and the factors described in the Company\u2019s filings with the Securities and Exchange Commission, including the sections titled \u201cRisk Factors\u201d and \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d contained therein. The Company disclaims any obligation to update any forward-looking statements contained herein.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230206005616r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230206005616\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230206005616\/en\/<\/a><\/span><\/p>\n<p>\nAri Danes, CFA<br \/>\n<br \/>Senior Vice President, Investor Relations, Financial Communications &amp; Treasury<br \/>\n<br \/>Madison Square Garden Entertainment Corp.<br \/>\n<br \/>(212) 465-6072\n<\/p>\n<p>\nJustin Blaber<br \/>\n<br \/>Vice President, Financial Communications<br \/>\n<br \/>Madison Square Garden Entertainment Corp.<br \/>\n<br \/>(212) 465-6109\n<\/p>\n<p>\nGrace Kaminer<br \/>\n<br \/>Senior Director, Investor Relations &amp; Treasury<br \/>\n<br \/>Madison Square Garden Entertainment Corp.<br \/>\n<br \/>(212) 631-5076\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Entertainment Retail Restaurant\/Bar Other Entertainment General Entertainment Events\/Concerts Food\/Beverage<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230206005616\/en\/785894\/3\/MadisonSquareGardenEntertainment_RGB.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Madison Square Garden Entertainment Corp. Provides Update on Tao Group Hospitality NEW YORK&#8211;(BUSINESS WIRE)&#8211; Madison Square Garden Entertainment Corp. (NYSE: MSGE) (\u201cMSG Entertainment\u201d) today announced the Company is exploring a potential sale of its majority interest in Tao Group Hospitality. Since MSG Entertainment acquired its interest in 2017, Tao Group Hospitality has transformed into a global entertainment dining and nightlife powerhouse, with more than 70 branded locations in over 20 markets across four continents. MSG Entertainment regularly evaluates ways to maximize shareholder value and believes that now is the appropriate time to explore a potential sale of its interest in Tao Group Hospitality. There is no assurance this exploration process will result in a transaction. About Madison Square Garden Entertainment &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/madison-square-garden-entertainment-corp-provides-update-on-tao-group-hospitality\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Madison Square Garden Entertainment Corp. Provides Update on Tao Group Hospitality&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-729028","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Madison Square Garden Entertainment Corp. Provides Update on Tao Group Hospitality - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/madison-square-garden-entertainment-corp-provides-update-on-tao-group-hospitality\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Madison Square Garden Entertainment Corp. Provides Update on Tao Group Hospitality - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Madison Square Garden Entertainment Corp. Provides Update on Tao Group Hospitality NEW YORK&#8211;(BUSINESS WIRE)&#8211; Madison Square Garden Entertainment Corp. (NYSE: MSGE) (\u201cMSG Entertainment\u201d) today announced the Company is exploring a potential sale of its majority interest in Tao Group Hospitality. Since MSG Entertainment acquired its interest in 2017, Tao Group Hospitality has transformed into a global entertainment dining and nightlife powerhouse, with more than 70 branded locations in over 20 markets across four continents. MSG Entertainment regularly evaluates ways to maximize shareholder value and believes that now is the appropriate time to explore a potential sale of its interest in Tao Group Hospitality. There is no assurance this exploration process will result in a transaction. About Madison Square Garden Entertainment &hellip; Continue reading &quot;Madison Square Garden Entertainment Corp. 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