Quote:
Originally Posted by Jay Random
How much their market cap is does not necessarily tell you how big their casino floors are, or how many additional customers they could cater to with comped event tickets. We’re definitely talking about doing things on a much larger scale than anybody is doing now.
If a bunch of casino owners formed a consortium (I almost used the word ‘syndicate’, but let’s not), they could probably soak up the necessary number of tickets. But then the casino attached to the arena would get most of the business from those customers who actually did show up at the games, so it would not be good business for the other members of the consortium.
It’s a thorny problem.
When you come down to it, the expenses of an NHL team are so high that an owner in Vegas will still need a pretty large base of old-fashioned season-ticket holders who actually use their own tickets. If the actual fan base is as bad as Phoenix or Florida, all the comping in Vegas may not be enough to save the franchise.
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I think the question that is asked by a smart businessman is, will said expensive (NHL team) be able to help me capture more market share then I already have? In the end, will I end up with more revenue or less?
or are their other reasons? are they trying to finance a permanent tenant to pay for a arena to do other things like MMA, etc? or this is their launch pad to a bigger prey, i.e. the NFL?