LAS VEGAS (KSNV) — Caesars Entertainment could enter the race for an NBA-ready venue in Las Vegas as the league considers expanding.

VICI Properties, the real estate investment trust that owns the physical land for several Las Vegas Strip resorts, revealed that it’s working with Caesars on a project.

“We own, in conjunction with our partner Caesars, and we’re working with them, 50 acres of land behind Paris, Horseshoe, Planet Hollywood, and we are developing a plan with Caesars … to house the arena that could be built for the new NBA team,” VICI President and Chief Operating Officer John Payne told analysts on a quarterly earnings call Thursday.

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No further details were disclosed. The land east of those three resorts, between Flamingo Road and Harmon Avenue, is largely a surface parking lot, with a makeshift structure that hosts BattleBots programming.

News 3 has reached out to a Caesars spokesperson for further comment. Caesars did not hold an earnings call for its quarterly report this week, citing a pending buyout by Fertitta Entertainment.

Ever since the NBA announced it would explore potential expansion in Las Vegas, multiple parties have entered the fray to own a team or develop an arena.

Vegas Golden Knights owner Bill Foley and MGM Resorts have offered T-Mobile Arena, saying they would upgrade it to host two franchises full-time should Foley win the bidding for a team. They have also suggested T-Mobile could serve as a temporary home if the NBA chooses another ownership group and arena site.

A group called Las Vegas Diamond Arena says it has acquired the land necessary for a 21,212-seat venue across the street from Mandalay Bay. This project is not affiliated with any single casino or hospitality group.

Beyond the Strip, Las Vegas Mayor Shelley Berkley said she would pitch a vacant downtown site near the World Market Center to NBA Commissioner Adam Silver.

Starr Vegas Development, Inc. unveiled in April what it called a $10 billion development proposal that would include a 25,000-seat basketball and concert arena. Starr Vegas says this campus would be built near Las Vegas Boulevard and Starr Avenue in the south valley.

Silver has said he hopes the league reaches a decision on expansion by the end of the year.