The NY Times reports on the economic impact Manny Pacquiao has on Las Vegas. Its a good read on how Pacquiao’s popularity has a trickle down economic affect on Vegas during fight weekend. The third fight in the trilogy sold out within 2 weeks of tickets going on sale. Gross sales are expected at $11.8 […]
financial
WWE announces third quarter earnings
The WWE announced its 3rd quarter earnings this past Thursday in a conference call hosted by WWE Chairman Vince McMahon and other WWE executives. Despite beating analysts expectations for Q3 earnings, net income for WWE fell to $10.6 million vs. $14.3 million in 2010. The WWE announced that revenues totaled $108.5 million as opposed to […]
Zuffa Maintains “BB” Credit Rating, “Stable” is Key
Standard and Poor’s has maintained Zuffa’s credit rating at “BB” based on the belief that the company’s strong EBITDA margin and healthy cash flow are sustainable over the “near-to-intermediate term” as Zuffa continues to grow and benefit from it’s well-recognized (UFC) brand and dominant market position. On the other hand, the following S&P concerns kept […]
Report: Wrestlemania gave Atlanta $62 million economic boost
The Atlanta Business Chronicle reports that this year’s Wrestlemania brought a $62 million economic impact to the area according to an economic research study by the WWE. This is a record for the WWE and a $17 million increase in economic impact from last year’s Wrestlemania in Glendale/Phoenix, Arizona. This year’s Wrestlemania, which featured the return […]
McMahon denies any ties with UFC in company earnings call
WWE announced its 2nd quarter earnings on Thursday as it beat analyst expectations. In its earnings call, Vince McMahon dismissed any partnership with the UFC for a television network.The question came as a result of Dana White’s recent visit to WWE headquarters. White was vague about the reason for his visit while McMahon indicated that […]