New Concessions Accord Boon for NBA Team

The foodservice contract for the new Amway Center arena in Orlando will give the venue’s prime tenant, the NBA’s Orlando Magic, the lion’s share of foodservice revenues, reports the Orlando Sentinel. The contract with Foodservice Partners, a joint venture entity led by Levy Restaurants, will give the Magic the commission revenue on all concessions sales generated at their games, estimated at almost $6 million a year and almost $30 million over the five year life of the contract. Foodservice

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