Saturday, January 10, 2009

THE MOHEGAN SUN ARENA A HIT?

THE MOHEGAN SUN ARENA HAD 150 EVENTS FOR A TOTAL OF ONE MILLION TICKETS (1,000,000) SOLD. THAT SOUNDS GREAT DOESN'T IT?

BILLBOARD MAGAZINE RATED THE MOHEGAN SUN ARENA, FOURTH AMONG THE TEN (10) TOP GROSSING MUSIC VENUES WITH CAPACITIES FROM 5,001 TO 10,000 SEATS. THE TOP THREE WERE: RADIO CITY MUSIC HALL, IN NEW YORK CITY, THE AUDITORIO NACIONAL IN MEXICO CITY, MEXICO, AND THE WALMU THEATER IN MADISON SQUARE GARDEN, IN NEW YORK CITY.

FROM NOVEMBER 14, 2007 TO NOVEMBER 11, 2008, THE MOHEGAN SUN ARENA HAD EIGHTY (80) MUSICAL SHOWS (DATES) FOR AN ATTENDANCE ESTIMATED AT 535,000 CONCERT GOERS AT AN ESTIMATED $31.4 MILLION. IT AVERAGES OUT TO 6688 SEATS PER EVENT AT $59.68 PER TICKET. REMEMBER, THE ARENA CAN HOLD TEN THOUSAND (10,000) CONCERT GOERS.

BILLY JOEL HAD TEN SHOWS (ALL SELL OUTS) FROM MAY 23, 2008 TO JULY 5, 2008. NINTY SIX THOUSAND (96,000) TICKETS WERE SOLD FOR A GROSS OF $9.6 MILLION ($9,600,000.00).

BON JOVI, FOR A TWO SHOW EVENT, DID $1.8 MILLION ($1,800,000.00) IN GROSS TICKET SALES.

THE CONNECTICUT SUN (MOHEGAN SUN'S WNBA BASKETBALL TEAM) HAD ONE HUNDRED AND FIFTY FOUR THOUSAND (154,000) FANS COME TO SEE THEM PLAY.

BRITNEY SPEARS HAS ALMOST TOTALLY SOLD OUT THE TWO DAYS OF CONCERTS. SHE IS PERFORMING AT THE MOHEGAN SUN ARENA AT A TICKET PRICE OF ABOUT ONE HUNDRED AND FIFTY DOLLARS ($150.00) A TICKET.

AS GOOD AS THIS LOOKS, THE FACTS ARE THAT IF YOU DIVIDE 150 IN TO 1,000,000 TICKETS IT COMES OUT TO 6,666 SEATS SOLD PER EVENT. THE ARENA I HAVE BEEN TOLD SEATS TEN THOUSAND (10,000). WITH ALL THE SOLD OUT VENUES THAT THE MOHEGAN SUN ARENA HAD, IT MEANS SOME EVENTS WERE NOT VERY PROFITABLE AT ALL. SOME, MAY HAVE EVEN LOST MONEY.

THERE IS SPECULATION, THAT THE MOHEGAN TRIBAL COUNCIL IS CONSIDERING, THE STOPPING OF GIVING TRIBAL MEMBERS MONEY TOWARDS TICKET PURCHASES. I ESTIMATE (MY OPINION), IT PROBABLY COULD SAVE THE TRIBE AN ESTIMATED COUPLE OF MILLION A YEAR. IF THE TRIBAL COUNCIL IS GOING TO DO THIS, THEN THEY SHOULD DO AWAY WITH FREE TICKETS FOR THEMSELVES, CERTAIN EMPLOYEES OF THE CASINO, THE COUNCIL OF ELDERS, AND RETIREES.

THE TRIBAL COUNCIL SHOULD CONSIDER TAKING PAY CUTS, CUTTING THE SIZE OF GOVERNMENT, DOING AWAY WITH THEIR CREDIT CARDS, ETC. BEFORE THEY SHOULD ASK THE MOHEGAN TRIBE TO MAKE SACRIFICES, THEY SHOULD TAKE THE LEAD AND MAKE SACRIFICES THEMSELVES. ULTIMATELY, THE MAJORITY OF THE MEMBERS OF THE PRESENT TRIBAL COUNCIL MADE BAD BUSINESS DECISIONS (THE EXPANSION OF POCONO DOWNS, WISCONSIN, KANSAS, ETC.) THAT HAVE CREATED THIS SITUATION, NOT JUST THE ECONOMY. WHAT DO YOU THINK?
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