Raiders’ success in selling Las Vegas tickets makes some uneasy

One thing we’ve learned about Raider Nation as it builds its relationship with Southern Nevada: It’s fiercely loyal.

You can see it in the passion of many fans in Oakland, who are still in disbelief that the team would leave the Bay Area for the desert. Some have rooted against almost every aspect of the construction of a $1.8 billion Las Vegas stadium in blog posts, tweets and emails to the Review-Journal.

And, you can see it in the willingness of the high-end market to spend between $20,000 and $75,000 for the right to buy a single premium club seat in the 65,000-seat facility scheduled to open for the 2020 season.

The revenue generated by the sale of personal seat licenses for the stadium will go a long way toward the Raiders’ nearly $1.1 billion contribution to construction costs. Between loans secured by the team and PSL and other revenues, the Raiders will more than surpass the $750 million public investment covered by an increase in Clark County’s room tax.

A very conservative estimate of the personal seat license revenue for the 8,000 premium club seats — assuming every seat is priced at the low end of $20,000 — totals $160 million. And that’s for just 12 percent of the 65,000 seats in the stadium. Prices have not been released for the next batch of seats, which go on sale Tuesday, but it’s clear that the team is off to a good start in its Las Vegas financial plan.

The team is walking a tightrope of success.

Executives are thrilled that sales are going so well — top-tier seats are nearly sold out, according to a team representative. But it would be unseemly if team leaders started bragging about it.

That tightrope of success also has generated some anger among some local fans.

Several fans who were scheduled for appointments to finalize their ticket purchases, only to have those meetings canceled by the team, have called the Review-Journal to vent their frustration.

Team officials say cancellations happened because sales went better than expected.

After the earliest sales began, callers accused the team of prioritizing out-of-town fans by letting them buy before locals. Non-residents are far more likely to purchase seats as an investment, the callers said, and profit by reselling their tickets on secondary markets.

Team executives said they did so because they felt they had an obligation to let longtime loyal season ticket holders in Oakland shift their team loyalty to Las Vegas — which, incidentally, also would make local tourism enterprises smile.

As it turned out, the majority of ticket buyers are locals. A team representative said 73 percent of the premium seat buyers have Nevada addresses.

Another group of local fans also are disappointed — by the sticker shock of PSLs.

Frank Nails of Las Vegas made his $100 deposit for tickets last year, aiming to buy four club-level seats.

When Nails, who said he coached Raider greats David Humm and Frank Hawkins in his younger days, learned that he would have to fork over $80,000 — not counting the cost of tickets — he was sickened.

“I was excited for the Raiders to come here and still am, but costs are way out of my range,” he said in an email. “So, it’s general admission or the couch for retired coaches.”

Another fan, Jeff Peterson, a former Las Vegas resident who now lives in North Carolina, said he plans to buy two club seats.

The investment, he said, will probably drive him back to Las Vegas, a city he loves even more than he did after seeing how the presence of professional sports has changed it.

“It’s amazing what sports can do for a city,” Peterson said. “Just look at what the Vegas Golden Knights did for it. … I knew when the Raiders were coming, I wanted to somehow be a part of it.”

Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. Follow @RickVelotta on Twitter.

ad-high_impact_4
Raiders Videos
Las Vegas Stadium Livecam
Vegas Nation Mailbag 10-16-2018
Elaine Wilson and Gilbert Manzano discuss The Raiders 27-3 loss to the Seahawks in London as The Raiders enter their bye week.
Vegas Nation: Raiders Fall To Seahawks; Cooper Out With Concussion
Raiders beat writer Michael Gehlken, Sports Columnist Ed Graney and sports writer Gilbert Manzano go over the Raiders loss to the Seattle Seahawks in London.
Derek Carr says the team will focus on improving – Heidi Fang
Oakland Raiders quarterback Derek Carr says the team will do what's necessary to improve following its 27-3 loss in London to the Seattle Seahawks.
Gruden on the Raiders loss to the Seahawks, Cooper's injury – Heidi Fang
Oakland Raiders head coach Jon Gruden talks to media following the team's 27-3 loss to the Seattle Seahawks in London, England.
A look at NFL sports betting in London
With the NFL introducing England to different teams each year since 2007, Review-Journal columnist Ed Graney asked fans in London ahead of the Oakland Raiders vs. Seattle Seahawks how often they flock to them to place wagers on American football.
Would the NFL be accepted abroad?
Review-Journal columnist Ed Graney takes to the streets of London, England, ahead of the Oakland Raiders facing the Seattle Seahawks to find out if the NFL is accepted, if the game is understood and what its fan base is like outside of the United States.
Vegas Nation: Gruden Recaps Loss to LA Chargers
Raiders beat reporter Michael Gehlken reports from Alameda, Calif. as the team looks ahead to London following a loss to the Los Angeles Chargers.
Vegas Nation: Raiders Fall To 1-4 This Season
Raiders beat writer Michael Gehlken goes over the Raiders loss to the Chargers.
Raiders coordinators rave about Lynch's running style
Raiders offensive coordinator Greg Olson and defensive coordinator Paul Guenther talk about Marshawn Lynch's style of running, and what he means to the team.
Vegas Nation: Raiders Defense Looks to Prevent Big Plays
Raiders beat reporter Michael Gehlken talks about the team's renewed focus on preventing big plays from the other team's offense, as the Raiders go into Los Angeles allowing the 27th most yards per game.
Vegas Nation Mailbag: Week 5
Elaine Wilson and Gilbert Manzano answer all your burning Raiders questions leading up to their week 5 match up with Chargers.
Vegas Nation: Raiders O-Line Battling Injuries
Raiders beat reporter Michael Gehlken talks about Donald Penn being moved to the Raiders' injured reserve list, as well as other injuries on the team's offensive line.
Vegas Nation: Raiders Look Ahead to Rival L.A. Chargers
Raiders beat reporter Michael Gehlken recaps the controversial calls in Sunday's victory over the Cleveland Browns, the effect Donald Penn's injury could bring, and the reinstatement of cornerback Daryl Worley.
Vegas Nation: Raiders Win Close Game Against Browns In OT
Raiders beat writer Michael Gehlken, sports columnist Ed Graney and sports writer Gilbert Manzano goes over the Raiders overtime win against the Cleveland Browns.
Vegas Nation: McCrane, rookie specialists practice at Coliseum on Friday
Raiders beat reporter Michael Gehlken talks about how the team's rookie kicker, holder and long snapper are preparing for kicking off the Coliseum dirt. Gehlken also provides an injury update ahead of the Raiders' Week 4 game against the Cleveland Browns.
Vegas Nation: Paul Guenther Speaks on New Rules
Bryan Salmond is in studio as beat writer Michael Gehlken reports from Alameda where Paul Guenther spoke out about the new roghing the passer rules on the NFL.
Raiders Stadium Construction - Sept. 27, 2018
Raiders Stadium construction video on September 27th, 2018. (Nathan Asselin/Las Vegas Review-Journal)
Vegas Nation: Derek Carr Speaks on Hayes Torn ACL
Host Bryan Salmond and Raiders beat-writer Michael Gehlken cover William Hayes's torn ACL from Sundays game, in which he suffered from trying not to land on Derek Carr.
Vegas Nation Mailbag: Week 4
Vegas Nation host Bryan Salmond and Review-Journal sports writer Gilbert Manzano answer your burning questions about the Raiders and Jon Gruden.
Gruden, Carr critical of new roughing the passer rules
Raiders head coach Jon Gruden wants more clarity on new roughing the passer rules, while Carr reacts to Dolphins William Hayes' injury.
Vegas Nation: Raiders Prepare for the Browns
Host Bryan Salmond discusses the Raiders and Browns seasons so far before Sundays game.
Raiders Adopt Student Resource Room At Robert Taylor Elementary School In Henderson
Former Raiders player Leo Gray and Robert Taylor Elementary School principal Kim Basham talk about the new resource room at the school on Sept. 25, 2018 in Henderson, Nevada. (Ron Kantowski/Las Vegas Review-Journal)
Vegas Nation: Nugent Suffers Injury in Miami
Raiders reporter Michael Gehlken talks about Mike Nugent's injury in Miami and the Raiders poor turnover differential through the team's first three games.
Vegas Nation: Raiders Drop to 0-3 with Loss to the Dolphins
Bryan Salmond and Gilbert Manzano are in studio while Michael Gehlken and Ed Graney report from Miami on the Raiders loss to the Miami Dolphins.
More information on design of Raiders' practice facility in Henderson
Officials plan to finish the Raiders' Henderson headquarters by spring 2020. The planned facility would be home to offices, training facilities and 4 1/2 football fields.
Vegas Nation: Raiders fall short in Week 1 to the Rams
Bryan Salmond and Gilbert Manzano are in studio recapping the first game of 2018 for the Oakland Raiders. Michael Gehlken and Ed Graney report from Oakland.
Business
Bellagio, MGM Resorts International’s luxury hotel turns 20
The more than 3,000-room Bellagio hotel is situated on the site of the former Dunes Hotel. The Dunes was imploded in 1993, and construction of the Bellagio started in 1996. It cost $1.6 billion to build, making it the most expensive hotel in the world at the time. The Bellagio was former Wynn Resorts Ltd. Chairman and CEO Steve Wynn’s second major casino on the Strip after The Mirage. MGM Resorts International acquired the property from Steve Wynn in 2000. (Tara Mack/Las Vegas Review-Journal)
Facial recognition software at G2E – Todd Prince
Shing Tao, CEO of Las Vegas-based Remark Holdings, talks about his facial recognition product. (Todd Prince/Las Vegas Review-Journal)
Former NBA player, Shaquille O'Neal, speaks about his new Las Vegas chicken restaurant
Former NBA player, Shaquille O'Neal, speaks about his new Las Vegas chicken restaurant. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Bobby Baldwin to leave MGM
MGM Resorts International executive and professional poker player Bobby Baldwin is set to leave MGM.
Caesars has new armed emergency response teams
Caesars Entertainment Corp. has created armed emergency response teams. They are composed of former military and law enforcement officials. "These teams provide valuable additional security capabilities,” Caesars spokeswoman Jennifer Forkish said. Caesars is hiring Security Saturation Team supervisors, managers and officers, according to LinkedIn. The company did not say how many people it plans to hire for the units. (Las Vegas Review-Journal)
Las Vegas, airlines prepare for CES
CES in January is expected to attract more than 180,000 attendees. (Las Vegas Review-Journal)
AGS partners with Vegas Golden Knights
AGS is the nation’s second-largest manufacturer of Class II slot machines used primarily in tribal jurisdictions. It announced a marketing partnership with the Vegas Golden Knights NHL team. (Las Vegas Review-Journal)
Lehman Brothers bet big on Las Vegas
Lehman Brothers collapsed 10 years ago, helping send the country into the Great Recession.
Fremont9 opens downtown
Fremont9 apartment complex has opened in downtown Las Vegas. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
Ross & Snow launches in Las Vegas
Luxury shoe brand Ross & Snow has opened in Las Vegas, featuring "functional luxury" with premium shearling footwear. (Bailey Schulz/Las Vegas Review-Journal)
Remote Identification and Drones
DJI vice president of policy and public affairs discusses using remote identification on drones. (Bailey Schulz/Las Vegas Review-Journal)
Drones and public safety in Nevada
Two representatives in the drone industry discuss UAV's impact on public safety. (Bailey Schulz/Las Vegas Review-Journal)
Frontier Airlines to launch flights from Las Vegas to Mexico
Frontier, a Denver-based ultra-low-cost carrier, will become the first airline in more than a decade to offer international service to Canada and Mexico from Las Vegas when flights to Cancun and Los Cabos begin Dec. 15. (Rick Velotta/Las Vegas Review-Journal)
MGM Resorts International CEO Jim Murren addresses Oct. 1 lawsuits
MGM Resorts International Chairman and CEO Jim Murren addresses criticism his company has received for filing a lawsuit against the survivors of the Oct. 1 shooting. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International opens the doors on MGM Springfield
Massachusetts’ first hotel-casino opens in downtown Springfield. The $960 million MGM Springfield has 252 rooms and 125,000-square-feet of casino. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International prepares to open MGM Springfield
Las Vegas-based MGM Resorts International gave news media and invited guests a preview of the $960 million MGM Springfield casino in Massachusetts. The commonwealth's first resort casino will open Friday, Aug. 24. (K.M. Cannon/Las Vegas Review-Journal)
A Walk Through Circus Circus
It only takes a short walk through Circus Circus to realize it attracts a demographic like no other casino on the Strip: families with young children. (Todd Prince/Las Vegas Review-Journal)
Morphy Auctions, a vintage slot machines seller, wants gaming license
Vice president Don Grimmer talks about Morphy Auctions at the company's warehouse located at 4520 Arville Street in Las Vegas on Thursday, Aug. 16, 2018. (Rick Velotta/Las Vegas Review-Journal)
Nevada's venture capital money doesn't stay in state
Zach Miles, associate vice president for economic development for UNLV, said there’s venture money in Southern Nevada, “but trying to find the right groups to tap into for that money is different.” According to a 2017 report from the Kauffman Foundation, Las Vegas ranked number 34 out of 40 metropolitan areas for growth entrepreneurship, a metric of how much startups grow. With a lack of growing startups in Las Vegas, investment money is being sent outside of state borders. The southwest region of the U.S. received $386 million in funding in the second quarter, with about $25.2 million in Nevada. The San Francisco area alone received about $5.6 billion. (source: CB Insights)
Neon wraps can light up the night for advertising
Vinyl wrap company 5150 Wraps talks about neon wraps, a new technology that the company believes can boost advertising at night. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Nevada on the forefront of drone safety
Dr. Chris Walach, senior director of Nevada Institute for Autonomous Systems, talks to a reporter at NIAS's new Nevada Drone Center for Excellence of Public Safety, located inside the Switch Innevation Center in Las Vegas. K.M. Cannon Las Vegas Review-Journal @KMCannonPhoto
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like