Rock In Rio was a flop in Las Vegas with a $28 million loss

While reviews of Rock In Rio have been overwhelmingly positive when we follow the money the trail stops a long way before the line of successful venture is crossed in terms of Rock In Rio festival in Las Vegas last month.  Hyped as the potential savior for the area at the north end of Las Vegas these numbers are a big letdown for MGM Resorts who along with Rock in Rio USA were putting up half the money for the cost of infrastructure at the music festival’s City of Rock site. A poor musical line-up for the first year is being partially blamed for lackluster ticket sales also. Both parties understand that while Rock in Rio is a huge name in Brazil and Portugal it has no name recognition in America and maybe with time and a bit of patience and some strategic marketing if the festival returns it may grow in popularity here as well but we will have to wait and hear what plans are since all we know is that officially as per the terms of the organizer’s contract with the venue, the festival will be held biennially from 2015 through at least 2019.  There were approximately 120 acts held across two weekends of two days each, and is expected to expand into a three-day, two-weekend format if the festival comes back.   And after investing and losing $20 million, MGM and Rock in Rio reps are saying the Festival is still going to return next year with an expanded, six-day schedule despite tales of unfulfilled expectations along with cultural differences and a breakdown in communications that have possibly caused strife that is unlikely to be repaired. Are you invested money in bitcoin? According to my friends at besten Bitcoinbörsen, investing in Bitcoin requires nerves of steel, and also keeping an eye on the latest crypto news. For latest news, keep in touch with DC Forecasts. Better still, you should have an idea of what is in store for the market. This is all speculation and gossip though as no official statement has been released by Rock in Rio and MGM Resorts.  MGM is hoping to recoup some of its lost investment in the 40-acre site at the corner of Sahara Ave. and Las Vegas BLVD with other events, concerts and Las Vegas style entertainment.