SBI Holdings Negotiating to Build Sphere Replica in Japan

Japanese financial services company SBI Holdings is in negotiations to build a replica of the Las Vegas Sphere in Tokyo, as per IQ Magazine.

The details:

• The company has singled out Odaiba, an artificial island in Tokyo Bay, as a potential location.

• The total cost is estimated to be 350-500 billion yen (USD $2.2 - $3.15 billion).

• It would hold around 20,000 people, with the outside covered in 360-degree LED displays, as per the flagship venue in Vegas.

• Negotiations are expected to continue over the next few months.

• “This is a project we are determined to pursue no matter what,” SBI’s Chairman and President Yoshitaka Kitao told reporters at a media briefing on March 31, as per The Japan Times.

Expansion:

• Sphere Entertainment is finalizing plans for a replica Sphere in Abu Dhabi, while a second, smaller US venue has been confirmed for Maryland.

• As per IQ Magazine, Nashville is reportedly also under consideration.

Financial results:

• Sphere Entertainment reported revenue growth of 8% to $1.2 billion in 2025, with an operating loss of $229.6 million.

• The Sphere itself recorded $781.4 million in revenue, a 27% bump YoY from $617.7 million in 2024.