Quote:
Originally Posted by Phanuthier
well my question would be, will the revenue of a NHL team bring in more revenue due to foot traffic to/from a NHL game .... versus the shows they have now?
Maybe I'm wrong here, but I think a decade ago, they banked on things like cheap food / events / themes to traffic through their casino's and increase revenue. The past 10 years, I think they are changing that model of success (or if they are even focusing on Vegas)..... I don't gamble, so I don't know much about comps or the behavior of comps, but I do notice that Las Vegas entertainment is pretty expensive, so they aren't being as charitable with their entertainment as they used to be to generate foot traffic.
Also.... I think they really have to be banking on the Fri/Sat nights to get both (a) attendence, (b) comps for people to go see the shows. Past the weekend, its a lot more dead. And even then, I would think that when you are on vacation to go somewhere, you would want to be doing something different then what you normally do at home..... but I do recognize that I could be entirely wrong and people don't get enough of the 41 games home games as STH that they will travel to go see even more games.
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I don't mean this in a patronizing way, but you are totally asking all the right questions in my mind.
I think there are two worlds that go on in Vegas, one, where they get people to come down and pay extravagant fees for shows, events ect.... and the second where they simply give you the "#### for free" swingers style if you spend on the floor. I'm more like you, I don't gamble that much in Vegas, although enough IMO to help them out
but I would pay a decent dollar to see the Flames in Vegas as part of a trip. Then, there are the tickets they are going to give away to the people that do gamble and get significant comps (I have a buddy who is in this category and I've seen it in action) who they use these type of things to entice them back on trips, or keep them happy while they are in town, all so they spend more money.
I think both would be part of the success plan.....IF it was to be successful. Again, I think you are right on questioning it for the reasons you are, that will be the determining factor is how it all plays out, but for me, the fact that this is the business model required to succeed makes me feel like it's got a lot better chance than Florida and Arizona, who bank on actual local fans supporting the team. IF it's going to work in the sunny south, this model has more legs in my mind.