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Just want to clear something up on why Vegas takes 1st place for fight cards
It has been quite sometime now people here have not been able to understand why fights take place in Vegas over somewhere like Wembly.
Yes the amount of people that can actually attend the fight is much larger, Yes more money would be made on the gate alone but what many do not seem to understand is the money made on the gate would not be enough.
When a fight takes place in Vegas there is money made all around, for example.
Pacquiao/Hatton is coming up, In the UK at Wembly (Not sure exactly what it holds but we will say 80,000...ten thousand here or there will not make much of a dent in the grand scheme of things I promise you)
80,000 attending...The majority will be from the UK...More then likely 80% will be British....So now we have a gate of 80,000 people versus that of lets just say 5,000....But in Vegas all 5,000 seats can be jacked up to the point where they can charge twice for a bad seat on what Wembly can for a bad seat...so the 5,000 seats in Vegas will come to about what 20,000 in Wembly will....Yes we have a 60,000 difference but the gate is where the least of thiongs come into play
Second the Casinos are the biggest factor and to make the bigger difference Vegas in the betting capital of the world, also Vegas is packed with people 365 24/7 from all around the globe...many who want to see the fight as well so many people will pay to watch the fight via telecast at various casinos....
This money charged a % goes to the promoter again closing in on the gate differental.....
Now the biggie...Gambling...Very important....
People waiting to see the fight live of via telecast will gamble...Gambling creates big money...attracting bigger names to the Casinos....Casinos are greatful for this and they in the future will want bigger fights held there and those who don't already will bid on them in the future upping the amount those who already do hold bouts to keep doing so....Those in contract with promoters for X amount of bouts will pay more to reup their contract....
Casinos help pay for the publicity of fights...Taking more expenses off the promoter...who in turn makes more money who in turn can affoard bigger purses in the future...
Aside from that the fighters are able to recieve perks for themselves, they are able to make appearences that they are paid to do be it by casinos or various other businesses, putting more money in the fighters pockets...
When all is said and done a fight that could bring in lets say
3 million in gate recipts at a larger venue ends up generating an over all
100,000,000 million by time everything is all said and done in Vegas between all the aspects involved....
Plus guarenteed future earnings of that caliber, plus more money in gambling for the Casinos on those weekends...And no one be mistaken the extra money made by the Casinos trickles into the scheme of the people that made it happen...Not in a illegle sense (because I know someone here wil start saying something about bribes etc)...But in Marketing, public appearences, advertising, and so on......
In the end it boils down to Dollars and cents...Why is it Vegas took over NYC as the fight capital of the world?...Dollars and Cents!!!!
MSG is the Mecca of boxing and always will be but only in excitement wise not in the sense of generating money for all those involved....
I am not trying to sound as if I think all fights should be in Vegas etc but just before anyone post or complains about the fight not being somewhere no matter what the venue...Because the fighter is from there just remember the fighter also has to agree on the venue and they know where they will earn the biggest payday or where the future will help them earn a larger payday by fighter there.....
The gate is only a drop in the bucket of the whole scenario
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Quote:
Originally Posted by
DaxxKahn
It has been quite sometime now people here have not been able to understand why fights take place in Vegas over somewhere like Wembly.
Yes the amount of people that can actually attend the fight is much larger, Yes more money would be made on the gate alone but what many do not seem to understand is the money made on the gate would not be enough.
When a fight takes place in Vegas there is money made all around, for example.
Pacquiao/Hatton is coming up, In the UK at Wembly (Not sure exactly what it holds but we will say 80,000...ten thousand here or there will not make much of a dent in the grand scheme of things I promise you)
80,000 attending...The majority will be from the UK...More then likely 80% will be British....So now we have a gate of 80,000 people versus that of lets just say 5,000....But in Vegas all 5,000 seats can be jacked up to the point where they can charge twice for a bad seat on what Wembly can for a bad seat...so the 5,000 seats in Vegas will come to about what 20,000 in Wembly will....Yes we have a 60,000 difference but the gate is where the least of thiongs come into play
Second the Casinos are the biggest factor and to make the bigger difference Vegas in the betting capital of the world, also Vegas is packed with people 365 24/7 from all around the globe...many who want to see the fight as well so many people will pay to watch the fight via telecast at various casinos....
This money charged a % goes to the promoter again closing in on the gate differental.....
Now the biggie...Gambling...Very important....
People waiting to see the fight live of via telecast will gamble...Gambling creates big money...attracting bigger names to the Casinos....Casinos are greatful for this and they in the future will want bigger fights held there and those who don't already will bid on them in the future upping the amount those who already do hold bouts to keep doing so....Those in contract with promoters for X amount of bouts will pay more to reup their contract....
Casinos help pay for the publicity of fights...Taking more expenses off the promoter...who in turn makes more money who in turn can affoard bigger purses in the future...
Aside from that the fighters are able to recieve perks for themselves, they are able to make appearences that they are paid to do be it by casinos or various other businesses, putting more money in the fighters pockets...
When all is said and done a fight that could bring in lets say
3 million in gate recipts at a larger venue ends up generating an over all
100,000,000 million by time everything is all said and done in Vegas between all the aspects involved....
Plus guarenteed future earnings of that caliber, plus more money in gambling for the Casinos on those weekends...And no one be mistaken the extra money made by the Casinos trickles into the scheme of the people that made it happen...Not in a illegle sense (because I know someone here wil start saying something about bribes etc)...But in Marketing, public appearences, advertising, and so on......
In the end it boils down to Dollars and cents...Why is it Vegas took over NYC as the fight capital of the world?...Dollars and Cents!!!!
MSG is the Mecca of boxing and always will be but only in excitement wise not in the sense of generating money for all those involved....
I am not trying to sound as if I think all fights should be in Vegas etc but just before anyone post or complains about the fight not being somewhere no matter what the venue...Because the fighter is from there just remember the fighter also has to agree on the venue and they know where they will earn the biggest payday or where the future will help them earn a larger payday by fighter there.....
The gate is only a drop in the bucket of the whole scenario
That's a great post that a lot of people needed to read. This is why Kelly Pavlik will fight in Atlantic City instead of Pittsburg or Cleveland. Even the smaller casinos, like Foxwoods, off similar advantages, just not on the scale of Vegas. This is why fights that would have been at MSG at one time are held in Atlantic City or Foxwoods in Connecticut. The opening of the reservation casinos all around country has been a boost for boxing, I think, but Vegas just takes the cake.
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Ive been trying to say this for awhile now.
The high rollers dont just show up and leave,they drop a ton at the tables
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
good post DaxxKahn makes sense or should i say cents, but its infuraiting that hatton & pac is in vegas
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Quote:
Originally Posted by
Drago
good post DaxxKahn makes sense or should i say cents, but its infuraiting that hatton & pac is in vegas
I agree with you mate...It is frustrating and it almost does seem unfair...The post was more or less just for those who seem to think that fights only happen there (or other places simular) because of favortisim, and the ever lasting....
"Why should so and so be allowed to have the fight there instead of where so and so is...Besides it fits more people"....
Just do not think some people understand it is a money thing and nothing else,....
Shit they would have them fight in Porta Potties if it ment more money drawn from it..
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Quote:
Originally Posted by
RozzySean
That's a great post that a lot of people needed to read. This is why Kelly Pavlik will fight in Atlantic City instead of Pittsburg or Cleveland. Even the smaller casinos, like Foxwoods, off similar advantages, just not on the scale of Vegas. This is why fights that would have been at MSG at one time are held in Atlantic City or Foxwoods in Connecticut. The opening of the reservation casinos all around country has been a boost for boxing, I think, but Vegas just takes the cake.
Gatti had huge success in AC...AC is just no what it once was...I wish they would build the boardwalk back up
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
[quote=RozzySean;675770][quote=DaxxKahn;675746]quote]
Quote:
Originally Posted by
Trainer Monkey
Ive been trying to say this for awhile now.
The high rollers dont just show up and leave,they drop a ton at the tables
And the excitement of a fight draws out the high rollers like nothing else
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
I always do find it hilarious when I read some UK poster talking about a fight can make the most money in Wembly. Poor misguided fools
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Quote:
Originally Posted by
Violent Demise
I always do find it hilarious when I read some UK poster talking about a fight can make the most money in Wembly. Poor misguided fools
Because they think in Gate dollars....Like I say in many aspects of boxing...There is a business side that goes with it....
BUT Some just believe the paydays appear out of thin air and the Arums, GBP and Don Kings have secret money making machines in their offices so they should do things because they want them too....
What I really find funny is when people actually believe the fighters have no choice but to go along with it
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
[quote=DaxxKahn;675822][quote=RozzySean;675770]
Quote:
Originally Posted by
DaxxKahn
quote]
And the excitement of a fight draws out the high rollers like nothing else
Anyone who can afford front and center at a Casino fight,WANTS you to see them blowing a wad at the tables during the weekend. The whole reason they bought front and center tickets is to show off that theyve got that kind of wad. Half the reason I almost never travel for fights, I never gamble on anything. So great,I get to see the fight for free. I know what it looks like when two people fight,people spar here all the time. If I want a really good look at a fight,honestly,I can see it better on TV. I allmost never work corners,because I know how hyperactive I am in a corner. So there's just no reason to go,except to show off that I can go.
And they dont just give plane tickets away,even though they might give fight tickets away
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Still sucks for all those fans that would like to go and see a huge event though. Travelling half the way around the world isnt an option for most people and those fans will only be able to get their hands on a fraction of the tickets. Demand will well outsrip supply. Im sure the UK fans dont want to just get lumbered with the occasional style Lazcano fight, which really serves as little more than a pocket builder for Hatton. Certainly doesnt mean anything as an actual fight, does it?
There is no reason why it couldnt be held in the UK at 3am which would mean decent HBO US time and a lot of happy lager louts in a stadium. I understand the motivations for holding it in Vegas, but I do think certain fights dont need to be there. This is one of them. But as the powers that be have decreed it, we will just have to go with it.
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Quote:
Originally Posted by
miles
Still sucks for all those fans that would like to go and see a huge event though. Travelling half the way around the world isnt an option for most people and those fans will only be able to get their hands on a fraction of the tickets. Demand will well outsrip supply. Im sure the UK fans dont want to just get lumbered with the occasional style Lazcano fight, which really serves as little more than a pocket builder for Hatton. Certainly doesnt mean anything as an actual fight, does it?
There is no reason why it couldnt be held in the UK at 3am which would mean decent HBO US time and a lot of happy lager louts in a stadium. I understand the motivations for holding it in Vegas, but I do think certain fights dont need to be there. This is one of them. But as the powers that be have decreed it, we will just have to go with it.
It would be nice if more fights happened at places like Lincoln Financial, or Tropicana Field in the states,but there's just better money at the Casino's. And on top of that,the Casino's are way more willing to take a loss leader on the fight itself,because they know they'll make it back at the tables,and the betting.
If you book a stadium the way they used to,you better be sure you can fill the place. The stadium charges a flat rate,and your out that as a promoter,out of pocket. So you'd best be damned sure you have a fight that will fill the place.
Its led to a practice through most of the south,where part of a fighters pay is tickets to the event,you sell the tickets yourself,and you get a percentage. Why alot of mid to low level fights are kind of s-y is because of that,the promoter has to consider how many friends a guy has.
If you run an established hall like the Blue Horizon,its not as much of an issue,you can risk putting somebody on,because people will be there anyway. But if your booking a huge stadium,you better be sure
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
wow, I didn't think that anybody was stupid enough to think that the real money wasn't made because of the surge of tourism into the local economy?
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Quote:
Originally Posted by
Trainer Monkey
Quote:
Originally Posted by
miles
Still sucks for all those fans that would like to go and see a huge event though. Travelling half the way around the world isnt an option for most people and those fans will only be able to get their hands on a fraction of the tickets. Demand will well outsrip supply. Im sure the UK fans dont want to just get lumbered with the occasional style Lazcano fight, which really serves as little more than a pocket builder for Hatton. Certainly doesnt mean anything as an actual fight, does it?
There is no reason why it couldnt be held in the UK at 3am which would mean decent HBO US time and a lot of happy lager louts in a stadium. I understand the motivations for holding it in Vegas, but I do think certain fights dont need to be there. This is one of them. But as the powers that be have decreed it, we will just have to go with it.
It would be nice if more fights happened at places like Lincoln Financial, or Tropicana Field in the states,but there's just better money at the Casino's. And on top of that,the Casino's are way more willing to take a loss leader on the fight itself,because they know they'll make it back at the tables,and the betting.
If you book a stadium the way they used to,you better be sure you can fill the place. The stadium charges a flat rate,and your out that as a promoter,out of pocket. So you'd best be damned sure you have a fight that will fill the place.
Its led to a practice through most of the south,where part of a fighters pay is tickets to the event,you sell the tickets yourself,and you get a percentage. Why alot of mid to low level fights are kind of s-y is because of that,the promoter has to consider how many friends a guy has.
If you run an established hall like the Blue Horizon,its not as much of an issue,you can risk putting somebody on,because people will be there anyway. But if your booking a huge stadium,you better be sure
Yeah, I wasnt disagreeing with Daxx at all. Its quite clear why a vast majority of significant fights end up in the casino venues. It would just be nice if on occasion those that supported a fighter got to share more in those BIG fight experiences. Of course, anybody can order it and watch it on the tube. But these types of Hatton fights are more like events than just fights.
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
The atmosphere of fighting in front of 80,000 fans must be amazing and Hatton will do it after the Manny Pac victory.
David Haye will get many thousands of fans at Stamford Bridge, 30,000+. Money can't buy the atmosphere and experience for a boxer.
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Quote:
Originally Posted by
Master
The atmosphere of fighting in front of 80,000 fans must be amazing and Hatton will do it after the Manny Pac victory.
David Haye will get many thousands of fans at Stamford Bridge, 30,000+. Money can't buy the atmosphere and experience for a boxer.
Agreed, but like I said today it ios not so easy as just atmosphere....Same reason MSG is not the #1 place for mega fights anymore....
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
As Daxx says, fights in Vegas make sense - but the other reason the fight couldn't happen at Wembley is because without HBO's backing the fight isn't happening.
Primetime HBO PPV would mean the fight starting at 4am UK time.
Wembley has an 11pm deadline for events. So the fight would have to be primetime UK, which is no good for HBO, so no fight.
Just imagine the hassle of dealing with 80,000 drunks in the early hours of the morning ;D .. that's if it's even possible to get those numbers then ;)
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
I fully understand why there is more money involved by staging it at the strip - and know full well why it's going to happen there.
It's like footballers earning 150k a week here - easy to understand why but it doesn't make it right that's all.
Would love to be at this one but no way am I making the trip again and spending several days in lost wages.
will make do with a Khan v Barrera ticket instead - £83 and just 48 miles away ;)
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Quote:
Originally Posted by
miles
Quote:
Originally Posted by
Trainer Monkey
Quote:
Originally Posted by
miles
Still sucks for all those fans that would like to go and see a huge event though. Travelling half the way around the world isnt an option for most people and those fans will only be able to get their hands on a fraction of the tickets. Demand will well outsrip supply. Im sure the UK fans dont want to just get lumbered with the occasional style Lazcano fight, which really serves as little more than a pocket builder for Hatton. Certainly doesnt mean anything as an actual fight, does it?
There is no reason why it couldnt be held in the UK at 3am which would mean decent HBO US time and a lot of happy lager louts in a stadium. I understand the motivations for holding it in Vegas, but I do think certain fights dont need to be there. This is one of them. But as the powers that be have decreed it, we will just have to go with it.
It would be nice if more fights happened at places like Lincoln Financial, or Tropicana Field in the states,but there's just better money at the Casino's. And on top of that,the Casino's are way more willing to take a loss leader on the fight itself,because they know they'll make it back at the tables,and the betting.
If you book a stadium the way they used to,you better be sure you can fill the place. The stadium charges a flat rate,and your out that as a promoter,out of pocket. So you'd best be damned sure you have a fight that will fill the place.
Its led to a practice through most of the south,where part of a fighters pay is tickets to the event,you sell the tickets yourself,and you get a percentage. Why alot of mid to low level fights are kind of s-y is because of that,the promoter has to consider how many friends a guy has.
If you run an established hall like the Blue Horizon,its not as much of an issue,you can risk putting somebody on,because people will be there anyway. But if your booking a huge stadium,you better be sure
Yeah, I wasnt disagreeing with Daxx at all. Its quite clear why a vast majority of significant fights end up in the casino venues. It would just be nice if on occasion those that supported a fighter got to share more in those BIG fight experiences. Of course, anybody can order it and watch it on the tube. But these types of Hatton fights are more like events than just fights.
Let me put it this way,its risk reward
Its a shame to put it in these terms,but its the way it is.
Just to buy a good breakdown ring is $1200
Now you have to get the insurance bonds
Now youve got to get the hall
Not to mention paying the fighters themselves,and their travel expenses,and their trainers.
Crowd control
You can just hear it going kaching kaching kaching cant you?
Now if he's the type of person that just happens to have that money floating around,do you think the odds are better that he's thinking about his bottom line,or his fellow man being able to see a good fight?
And even then,even if you are a promoter who just wants to see things fair and square,your competing against the guys who can just whip out a wad of bills.
I run everything fair and clean,and Ive got to hustle double time to do it. None of this improves as you move up the food chain. If anything it gets worse.
So you go for the easy money at a Casino rather then roll the dice on the Core States Center,unless your absolutely positive your going to pack it.
Hell alot of the Indian Casinos have their own ABC commissioners now.
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
at the end of the day its the real fans who cant afford to travel to vegas that suffer:( well i cant afford to go again for a long long long time:(
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Quote:
Originally Posted by
Drago
at the end of the day its the real fans who cant afford to travel to vegas that suffer:( well i cant afford to go again for a long long long time:(
Yeah, I'm going out there this time more as a boxing fan than a Hatton fan, although I will be backing him, what are most of the guys who go out there supporting him like? Are they actually boxing fans? Or am I gonna wanna punch all of them as they declare that Hatton would've beat Mayweather easily if not for Joe Cortez tripping him up as he went for PBF in that corner?
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Quote:
Originally Posted by
JazMerkin
Quote:
Originally Posted by
Drago
at the end of the day its the real fans who cant afford to travel to vegas that suffer:( well i cant afford to go again for a long long long time:(
Yeah, I'm going out there this time more as a boxing fan than a Hatton fan, although I will be backing him, what are most of the guys who go out there supporting him like? Are they actually boxing fans? Or am I gonna wanna punch all of them as they declare that Hatton would've beat Mayweather easily if not for Joe Cortez tripping him up as he went for PBF in that corner?
nice 2 hear u making the journey, sorry i meant couldnt afford vegas again not hatton as saw calzaghe last time & the crowd was really good, probably 50/50 as to how much they knew abt boxing.
many of the fans that follow hatton do not follow boxing
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
I can't imagine anyone would be stupid enough to think it's just the gate receipts that generates the income
When The Hatton/Pac fight was first rumoured Ray Hatton said they were trying to put together a package with Wembley to rival Vegas, but in the end they couldn't.
I'm sure Pac would like to fight in the Phillipines and I'm sure Hatton would like to fight at Wembley. But the truth is they'd both rather fight in Vegas because that's where they get paid the most.
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Quote:
Originally Posted by
Drago
Quote:
Originally Posted by
JazMerkin
Quote:
Originally Posted by
Drago
at the end of the day its the real fans who cant afford to travel to vegas that suffer:( well i cant afford to go again for a long long long time:(
Yeah, I'm going out there this time more as a boxing fan than a Hatton fan, although I will be backing him, what are most of the guys who go out there supporting him like? Are they actually boxing fans? Or am I gonna wanna punch all of them as they declare that Hatton would've beat Mayweather easily if not for Joe Cortez tripping him up as he went for PBF in that corner?
nice 2 hear u making the journey, sorry i meant couldnt afford vegas again not hatton as saw calzaghe last time & the crowd was really good, probably 50/50 as to how much they knew abt boxing.
many of the fans that follow hatton do not follow boxing
sorry i meant to say that many of the fans that follw hatton that i have met know fk all abt boxing
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
There are about 1000 guys who the casinos target on a regular basis. These are guys who can be guaranteed to drop at least a million dollars at the tables in a trip to Vegas (interestingly, about half of them are of Chinese origin, those guys like to gamble.) To get these guys to come to Vegas, and to one casino in particular, they're given free private jets to and from, free suites, free everything. But most importantly, a free ticket or three for the fight. The only thing they pay for the whole trip is their chips. If you do the maths you can see that if you can attract a few percent of these guys for a fight then the casino giving the promoter a site fee of five plus millions (in the case of Hatton/Manny) on top of the ticket sales is enough to make even Wembley look unattractive as an alternative. Like I said at the time they were negotiating the fight, they're not fighting in Vegas because they can make more money fighting at Wembley.
You can see why Tyson was so popular in Vegas, a lot of those guys would be queuing up for a fully comped trip to watch him. He was an absolute goldmine for the casinos in the 80s/90s.
And under the very top level there's a market of thousands/maybe 10000 guys who are worth a free ticket/room because they'll drop many thousands in a weekend that the various casinos have lists of. But it's the real high rollers, the guaranteed million a trip guys that make the site fees worth paying for the casinos.
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Ok this is probably a dumb question but what does the casino's making so much money from a fight being held have to do with the boxers? I mean do the boxers and promoters get a cut of the profits the casino's make?
It sounds like it's the casino's themselves that benefit from the fights being held there but what do the fighters, promoters etc care about that? Do they get free venues, percentage of money and other incentives to hold the fights there?
Also just out of curiosity these mega rich gamblers dropping a million in one night, do they only hit the casino's on the night of a big fight or do they turn up for all kinds of events?
Presumably if they are throwing away a million dollars a night they are betting on a whole lot more than just the outcome of the fight, seems like they must be at the tables and in private back rooms playing poker etc, why is the fight even that relevent to them?
Not saying I disagree I'm sure you are right just wondering how the casino's getting rich benefits boxing. I guess they must pay them handsomely for the trade? :confused:
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Quote:
Originally Posted by
Bilbo
Ok this is probably a dumb question but what does the casino's making so much money from a fight being held have to do with the boxers? I mean do the boxers and promoters get a cut of the profits the casino's make?
It sounds like it's the casino's themselves that benefit from the fights being held there but what do the fighters, promoters etc care about that? Do they get free venues, percentage of money and other incentives to hold the fights there?
Also just out of curiosity these mega rich gamblers dropping a million in one night, do they only hit the casino's on the night of a big fight or do they turn up for all kinds of events?
Presumably if they are throwing away a million dollars a night they are betting on a whole lot more than just the outcome of the fight, seems like they must be at the tables and in private back rooms playing poker etc, why is the fight even that relevent to them?
Not saying I disagree I'm sure you are right just wondering how the casino's getting rich benefits boxing. I guess they must pay them handsomely for the trade? :confused:
Well mate it is like I said in the original post...The casinos will help flip the bill doing promotions for the fight saving millions of dollars...They will also have all the formals held there...Weigh in's Day of press confrences...
They will help with the broadcast cost...Use their workers to set up for the card...Clean up after the event in the area where the fight was held...(Yes arenas will charge to have the place cleaned for the mess left by spectators)....They will supply security, hotel rooms to thos involved (Fighters, trainers, promoters etc) all that adds up to millions that the promoter would have to pay otherwise...The insurance to hold the event is covered, The casino will ..The casino gladly pays it because they majke the money back 6 fold by gambling revenue generated....There are 100 things that the casino will do that takes expenses off the fighters and promoters pockets...Hence they make more money by having to spend less...
They do not actually put money in the fighters pockets but they sure as hell make sure nothing comes out of it either...They even set up PR appearences at times that the fighrters will make money off of...They will help with training quarters while the fighters are there for the time prior to th fight....
The list is a mile long
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Quote:
Originally Posted by
Bilbo
Ok this is probably a dumb question but what does the casino's making so much money from a fight being held have to do with the boxers? I mean do the boxers and promoters get a cut of the profits the casino's make?
It sounds like it's the casino's themselves that benefit from the fights being held there but what do the fighters, promoters etc care about that? Do they get free venues, percentage of money and other incentives to hold the fights there?
Also just out of curiosity these mega rich gamblers dropping a million in one night, do they only hit the casino's on the night of a big fight or do they turn up for all kinds of events?
Presumably if they are throwing away a million dollars a night they are betting on a whole lot more than just the outcome of the fight, seems like they must be at the tables and in private back rooms playing poker etc, why is the fight even that relevent to them?
Not saying I disagree I'm sure you are right just wondering how the casino's getting rich benefits boxing. I guess they must pay them handsomely for the trade? :confused:
Casinos fight amongst themselves year-round to attract these guys. Over the years the one thing that's been shown to attract them more than any other is a big fight. If you have a few dozen guys who are guaranteed to spend a million plus who want to watch a fight then a site fee of a few million leaves you with a significant profit.
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
yes great post Daxx.. I completely understand why most of the big fights are in Vegas..
Although I like the idea of fighters and promoters occasionally giving up a little bit of $ or whatever to hold fights in different places like the UK.. Especially when they have the opportunity to fight in Vegas but choose not to.
It puts back into more of the boxing community who don't get a chance to go to Vegas.. And infact, maybe more fights should be spread around a bit, but I don't begrudge anyone involved in the game to choose the option that is easiest for them, offers the most benefits to the fighters, and makes them the most money... Hopefully some of that money goes back into boxing in some positive form or another though
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Quote:
Originally Posted by
Dizaster
yes great post Daxx.. I completely understand why most of the big fights are in Vegas..
Although I like the idea of fighters and promoters occasionally giving up a little bit of $ or whatever to hold fights in different places like the UK.. Especially when they have the opportunity to fight in Vegas but choose not to.
It puts back into more of the boxing community who don't get a chance to go to Vegas.. And infact, maybe more fights should be spread around a bit, but I don't begrudge anyone involved in the game to choose the option that is easiest for them, offers the most benefits to the fighters, and makes them the most money... Hopefully some of that money goes back into boxing in some positive form or another though
It would be nice for sure...The thread was more or less for those who insist that the fights are in Vegas due to favortisim or because one fighter will only fight there..
I wish they would spread out more myself...Even local boxing with up and comers has died out...I used to be able to catch 2 shows a month...Granted the guys on the card were ones you would not know but to me boxing is boxing and it is good just to go to the fights...The atmosphere is great...
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Constant big fights in Vegas has been criticised for "harming" boxing.
Because TRUE fans don't get to follow their fighter and at the same time Vegas doesn't bring in any NEW fans (who would follow a fighter form their area).
Think it was Arum or King or both who were starting to promote more matches away from there.
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Quote:
Originally Posted by
DaxxKahn
Quote:
Originally Posted by
Bilbo
Ok this is probably a dumb question but what does the casino's making so much money from a fight being held have to do with the boxers? I mean do the boxers and promoters get a cut of the profits the casino's make?
It sounds like it's the casino's themselves that benefit from the fights being held there but what do the fighters, promoters etc care about that? Do they get free venues, percentage of money and other incentives to hold the fights there?
Also just out of curiosity these mega rich gamblers dropping a million in one night, do they only hit the casino's on the night of a big fight or do they turn up for all kinds of events?
Presumably if they are throwing away a million dollars a night they are betting on a whole lot more than just the outcome of the fight, seems like they must be at the tables and in private back rooms playing poker etc, why is the fight even that relevent to them?
Not saying I disagree I'm sure you are right just wondering how the casino's getting rich benefits boxing. I guess they must pay them handsomely for the trade? :confused:
Well mate it is like I said in the original post...The casinos will help flip the bill doing promotions for the fight saving millions of dollars...They will also have all the formals held there...Weigh in's Day of press confrences...
They will help with the broadcast cost...Use their workers to set up for the card...Clean up after the event in the area where the fight was held...(Yes arenas will charge to have the place cleaned for the mess left by spectators)....They will supply security, hotel rooms to thos involved (Fighters, trainers, promoters etc) all that adds up to millions that the promoter would have to pay otherwise...The insurance to hold the event is covered, The casino will ..The casino gladly pays it because they majke the money back 6 fold by gambling revenue generated....There are 100 things that the casino will do that takes expenses off the fighters and promoters pockets...Hence they make more money by having to spend less...
They do not actually put money in the fighters pockets but they sure as hell make sure nothing comes out of it either...They even set up PR appearences at times that the fighrters will make money off of...They will help with training quarters while the fighters are there for the time prior to th fight....
The list is a mile long
Well it makes sense then I guess, shame that the business has come to this but obviously everyone involved is going to want to make the most money and if the casino's represent that it isn't going to change :-\
We've started building super casino's in the UK now the past few years so wonder if we'll have a situation like this in the next decade or so..............
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Re: Just want to clear something up on why Vegas takes 1st place for fight cards
Quote:
Originally Posted by
Bilbo
Quote:
Originally Posted by
DaxxKahn
Quote:
Originally Posted by
Bilbo
Ok this is probably a dumb question but what does the casino's making so much money from a fight being held have to do with the boxers? I mean do the boxers and promoters get a cut of the profits the casino's make?
It sounds like it's the casino's themselves that benefit from the fights being held there but what do the fighters, promoters etc care about that? Do they get free venues, percentage of money and other incentives to hold the fights there?
Also just out of curiosity these mega rich gamblers dropping a million in one night, do they only hit the casino's on the night of a big fight or do they turn up for all kinds of events?
Presumably if they are throwing away a million dollars a night they are betting on a whole lot more than just the outcome of the fight, seems like they must be at the tables and in private back rooms playing poker etc, why is the fight even that relevent to them?
Not saying I disagree I'm sure you are right just wondering how the casino's getting rich benefits boxing. I guess they must pay them handsomely for the trade? :confused:
Well mate it is like I said in the original post...The casinos will help flip the bill doing promotions for the fight saving millions of dollars...They will also have all the formals held there...Weigh in's Day of press confrences...
They will help with the broadcast cost...Use their workers to set up for the card...Clean up after the event in the area where the fight was held...(Yes arenas will charge to have the place cleaned for the mess left by spectators)....They will supply security, hotel rooms to thos involved (Fighters, trainers, promoters etc) all that adds up to millions that the promoter would have to pay otherwise...The insurance to hold the event is covered, The casino will ..The casino gladly pays it because they majke the money back 6 fold by gambling revenue generated....There are 100 things that the casino will do that takes expenses off the fighters and promoters pockets...Hence they make more money by having to spend less...
They do not actually put money in the fighters pockets but they sure as hell make sure nothing comes out of it either...They even set up PR appearences at times that the fighrters will make money off of...They will help with training quarters while the fighters are there for the time prior to th fight....
The list is a mile long
Well it makes sense then I guess, shame that the business has come to this but obviously everyone involved is going to want to make the most money and if the casino's represent that it isn't going to change :-\
We've started building super casino's in the UK now the past few years so wonder if we'll have a situation like this in the next decade or so..............
I don't see why not assuming the casinos are a success...You Brits are very passonite fans and the atmosphere created added with money generated through gambling would make it a huge attraction...Atmosphere added with Money is always a recipe for success....I would make the trip for sure