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TKO'S MARC SHAPIRO ACKNOWLEDGES WRESTLEMANIA RETURNING TO LAS VEGAS TWO YEARS IN A ROW MAY HAVE BEEN A MISTAKE

President and Chief Operating Officer, Mark Shapiro took part earier today in a J.P. Morgan Global Technology, Media and Communications Conference in Boston.

While discussing WWE and Wrestlemania running back to back years in Las Vegas, Shapiro said, "I would tell you that Vegas is two years in a row for Wrestlemania 42, so some of the challenges we had there is usually we move Wrestlemania year after year to a new spot and that allows us to obviously grow and see the kind of economic impact we would expect.  Maybe it’s a mistake I made because Vegas was so huge last year and such a winner for our fans and the product that I said to Nick Khan, who runs the WWE, ‘We got to go back to Vegas next year.  We have to move New Orleans down the road and we got to come back to Vegas.’   Absolutely no regrets on going back there, but the only reason you’re hearing some of, ‘Hey, it’s not what it was last year’ is because we’re not benefiting from the first mover experience. [Wrestlemania is] going to go back to its OG ways of a new spot every year and in fact, in 2027, we’re going to Saudi Arabia for Wrestlemania. So that’s going to be a massive show.”

 

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