Yikes $255. So I may never c jlo when she comes ??
]]>Thanks for that breakdown!
]]>I like more authentic photography!
]]>I think it’s an integral part of their strategy. These deals don’t really pencil out unless those other sources of revenue are factored in.
]]>Agree! MGM Resorts is making bold moves with these proven headliners.
]]>On the income side, each patron, after buying wildly overpriced tickets, is going to buy a wildly overpriced drink or two. They might pay for the VIP meet-and-greet session. And they’ll certainly want some merchandise after the show.
The math’s too complicated for me, but I know the casinos wouldn’t book these stars without ensuring the numbers are lucrative for everyone involved (except for us fans, of course).
What I DO find interesting is MGM’s repeated willingness to poach stars from rival Caesars … and also MGM’s certainty that the market will support another [XX] shows by Britney or Celine. To me, that level of gambling surpasses anything we’ll ever see at a blackjack table.
And, with all the branding and promotion that has to occur, along with customizing an arena to the artist, it’s almost like building and marketing a new casino. When you think of Treasure Island, do you also immediately think of Mystere? Luxor / Chris Angel? Flamingo / Donny & Marie?
Getting it right is SUCH a gamble.
]]>So they’re selling all those tickets at big buck prices, every night, and not comping them to high rollers?
It’s that easy to make a profit, eh? Sounds like a license to print money.
]]>The theater has 5,200 seats. Just to hit $1 million, they need to sell them for just shy of $200 each.
Pulling up a show in November 2019, the cheap seats are $255. Tickets located in the first 10 rows are between $790 and over $1,000. You can also purchase standing-room only tickets right in front of the stage. Those are $650 each.
Based on those prices (for a show 10 months away), I don’t think MGM is having a problem making a profit.
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