LV tourism is down - dealers being laid off

[MisterV]

The sphere was also packed for a Kenny Chesney show I attended. No clue on the profitability of the shows at the venue but they announced he’s coming back for 2026 yesterday. And the reimagined Wizard of Oz show is opening there soon.

The owner, MSG, is still in the red due to a couple factors.

By report the cost was to be $1.3 Billion, but then covid hit and it actually cost $2.3 Billion.

They turn a profit only during big, well attended events, which happen on and around weekends, leaving lots of idle time without a large, paying audience.

There aren't that many bands / attractions to draw people in, and the early ones, e.g. U-2 and Dead and Co. really reamed MSG pay-wise as they had them over a barrel.

Still and all I understand MSG is building another one, I believe in Asia: I like the concept and wish them well.