T-Mobile Arena is struggling to sellout events

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  • PK3434
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    #41
    Kovalev - Ward most likely wouldn't sell out in any big stadium in the US.

    So from a business perspective, Vegas makes sense. They get the Casino site fee (TMOBILE is owned by MGM even though it isn't attached to a casino) and tax incentives to fight in Nevada.

    As a fan, New York would be the best place for this fight.

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    • Scipio2009
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      #42
      Originally posted by Eff Pandas
      Idk about this. Revenue beats a sell out. If they are getting more revenue with these marked up secondary seller type prices than other comparable venues they should keep it up. The term sell out is highly overrated. I'd rather make $200k more per event & never sell out than to sell out every event. If that is or isn't the case as far as revenue goes who knows.
      Fair enough; still, if that's the stance, keep to it. Understand that the venues won't get sold out, but that the secondary market also won't be as active either (due to the aggressive initial pricing of the tickets). Fans will grumble about the higher prices, but the hope is that they at least still tune in for the event, rather than just tuning out completely.

      Not a gamble that I'd take, but it's not my money in play.

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      • paulf
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        #43
        Great stuff from EastCoast. And to expand on his post a little bit: tickets are comped when an event doesn't sell out for two reasons: lots of empty seats visible has a negative impact on television ratings and the brand in general; people see that the place isn't full and subconsciously find it less exciting. Tickets are also given away to reduce the economic deadweight loss... having people come in the door for free doesnt mean they arent going spend any money (beer, a tshirt, whatever)

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        • JAB5239
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          #44
          Originally posted by Eastcoast
          Ticket comp'ing is done all the time all over the place whenever an event isn't projected to sell-out. It's generally openly reported.

          Here's Ward/Dawson:
          http://www.badlefthook.com/2012/9/12...bo-boxing-news



          Here's an article David Greisman did on some of the past shows:
          http://www.boxingscene.com/fighting-...lawsuit--55762
          Thank you for the info.

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          • OnePunch
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            #45
            Originally posted by JAB5239
            Where is the proof tickets are comped in Oakland? Is there a major tourst attraction there I'm not aware of?

            Why would there need to be a tourist attraction? There are over 7 million people in the Bay area. They dont need a "tourist attraction" to find a few thousand people willing to accept comp tickets.

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            • MrRolltide91
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              #46
              Interesting....

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