Pac did 15k seats at MGM, Groves/Froch 80k..

[-MAKAVELLI-]

This is a dumbness at the astronomical level.

^^^

this...may the TS get **** cancer and lose wifi for the rest of his life

[goldenears]

The casinos PAY a site fee of several million for the fight to take place there whereas a fight in a standard arena/stadium the promoter has to shell out a large amount of money in costs and hire.

The casinos want the fights to draw in high rolling gamblers and increase general revenue in fight week so they will pay millions of $ to the promoter to stage the fight in their casino. Obviously this is only for certain fights with superstar boxers like Pac/Floyd etc.

For these 'superfighters' the ticket prices are insane - the cheapest ticket for Saturday was $150 and there were only about 500 of those available, the average 'cheaper' ticket was $300-400, and any lower bowl (the majorit of seats) ticket was $900-1200. Floyd/Maidana it's even crazier. The gate receipts on Saturday were around $8m (not a sellout, capacity is close to 18k) and Floyd/Maidana is already at $14m. Floyd Canelo was around $20m.

Add the site fee on to that and it's a substantial amount of money. For fights outside of Vegas, generally you can pick up cheap seats for $50 (Marquez/Alvarado there's some at $35) and ringside are $400. Even for Canelo/Angulo at the MGM there were decent-ish seats at $60 available but that fight was about perception of Canelo as a big fighter - they needed to fill the room so they priced it accordingly, i expect the Lara fight will be reasonable compared to Floyd/Pac fights too.

So bottom line is there is a different level of income to promoter/fighter by staging a fight featuring a big name in Vegas than anywhere else. For Froch/Groves the majority of seats are $50-60 and a long way from the ring - and if you compare that to an average of $400 for Saturday night then that's about 8 tickets to cover every one ticket - and the costs of putting a fight on at Wembley will be substantial, compared to actually getting paid to put a fight on at the MGM.

[robertzimmerman]

mgm doesn't make money from ticket revenues. the promotor does. mgm is paid a site fee.

they make money when people lose it at the casino, sportsbook, and pay 500-700 for two nights at their smallest hotel rooms.

a suite at MGM is several grand a night.

it's also about as good as publicity gets for a casino to be the site of the biggest boxing matches on the planet.

Bingo!

Couldn't have said it any better. Everybody wins.

[robertzimmerman]

may weather vs canelo now

I wasn't sure. Thanks!

[Beater_of_ass]

^^^

this...may the TS get **** cancer and lose wifi for the rest of his life

No wi-fi... that's a new low man, really ****ed up.

[robertzimmerman]

The casinos PAY a site fee of several million for the fight to take place there whereas a fight in a standard arena/stadium the promoter has to shell out a large amount of money in costs and hire.

The casinos want the fights to draw in high rolling gamblers and increase general revenue in fight week so they will pay millions of $ to the promoter to stage the fight in their casino. Obviously this is only for certain fights with superstar boxers like Pac/Floyd etc.

For these 'superfighters' the ticket prices are insane - the cheapest ticket for Saturday was $150 and there were only about 500 of those available, the average 'cheaper' ticket was $300-400, and any lower bowl (the majorit of seats) ticket was $900-1200. Floyd/Maidana it's even crazier. The gate receipts on Saturday were around $8m (not a sellout, capacity is close to 18k) and Floyd/Maidana is already at $14m. Floyd Canelo was around $20m.

Add the site fee on to that and it's a substantial amount of money. For fights outside of Vegas, generally you can pick up cheap seats for $50 (Marquez/Alvarado there's some at $35) and ringside are $400. Even for Canelo/Angulo at the MGM there were decent-ish seats at $60 available but that fight was about perception of Canelo as a big fighter - they needed to fill the room so they priced it accordingly, i expect the Lara fight will be reasonable compared to Floyd/Pac fights too.

So bottom line is there is a different level of income to promoter/fighter by staging a fight featuring a big name in Vegas than anywhere else. For Froch/Groves the majority of seats are $50-60 and a long way from the ring - and if you compare that to an average of $400 for Saturday night then that's about 8 tickets to cover every one ticket - and the costs of putting a fight on at Wembley will be substantial, compared to actually getting paid to put a fight on at the MGM.

An outstanding post! Thanks.

[killakali]

How is it Groves and Froch sell out 80k sets but Pac and Bradley only settle for 15k? I know MGM is prob max 15k but why wouldn't they go for something bigger?

Groves and Froch are more popular Pac and Bradley?

pac bradley had a bigger gate than Froch v Groves. Pac did 8million dollars. cheapest ticket was $250

[killakali]

The casinos PAY a site fee of several million for the fight to take place there whereas a fight in a standard arena/stadium the promoter has to shell out a large amount of money in costs and hire.

The casinos want the fights to draw in high rolling gamblers and increase general revenue in fight week so they will pay millions of $ to the promoter to stage the fight in their casino. Obviously this is only for certain fights with superstar boxers like Pac/Floyd etc.

For these 'superfighters' the ticket prices are insane - the cheapest ticket for Saturday was $150 and there were only about 500 of those available, the average 'cheaper' ticket was $300-400, and any lower bowl (the majorit of seats) ticket was $900-1200. Floyd/Maidana it's even crazier. The gate receipts on Saturday were around $8m (not a sellout, capacity is close to 18k) and Floyd/Maidana is already at $14m. Floyd Canelo was around $20m.

Add the site fee on to that and it's a substantial amount of money. For fights outside of Vegas, generally you can pick up cheap seats for $50 (Marquez/Alvarado there's some at $35) and ringside are $400. Even for Canelo/Angulo at the MGM there were decent-ish seats at $60 available but that fight was about perception of Canelo as a big fighter - they needed to fill the room so they priced it accordingly, i expect the Lara fight will be reasonable compared to Floyd/Pac fights too.

So bottom line is there is a different level of income to promoter/fighter by staging a fight featuring a big name in Vegas than anywhere else. For Froch/Groves the majority of seats are $50-60 and a long way from the ring - and if you compare that to an average of $400 for Saturday night then that's about 8 tickets to cover every one ticket - and the costs of putting a fight on at Wembley will be substantial, compared to actually getting paid to put a fight on at the MGM.

MGM scaled to max capacity for boxing is just over 16k

[sugarsmosley]

Lol i love these kinda threads, no question even asked, just a statement to rile up some posters and to get a **** ton of replies.

[goldenears]

Boxing Cap is 16,800 at MGM