Plans for a proposed Caesars NBA Arena on the Las Vegas Strip have been officially unveiled by casino and real estate executives. The proposed arena project involves Caesars Entertainment and real estate investment trust VICI Properties developing concepts for a sports and entertainment venue on approximately 50 acres located directly behind Paris Las Vegas, Horseshoe Las Vegas, and Planet Hollywood. The joint effort marks the first public confirmation that either company is actively pursuing a major venue for a potential expansion professional basketball team in southern Nevada. VICI President and Chief Operating Officer John Payne disclosed the proposal during the…