NBA arena operators risk losing over $1B in revenue if the NBA lockout is not resolved....

|By:, SA News Editor

NBA arena operators risk losing over $1B in revenue if the NBA lockout is not resolved. Highlighting the point, a former exec for Madison Square Garden (MSG +4.5%) says the NY Knicks generate at least $1M in ticket revenue for every game. BofA recently downgraded MSG to Neutral, due in part to the impending work stoppage.