12.15.2013
Las Vegas, NV

 

Statement from Las Vegas Events Regarding the PRCA's Rejection of Las Vegas' Offer to Extend the Contract for the Wrangler National Finals Rodeo

 

The PRCA voted today 6-3 to decline the offer Las Vegas Events made for an extension of the Wrangler National Finals Rodeo to pursue an offer made by Osceola County, Florida. Osceola County exceeded LVE’s offer by more than $4 million.

 
We are disappointed that the PRCA has chosen to pursue a completely speculative offer versus Las Vegas’ proven 29-year track record.
 
Adding an additional $4 million to the budget would require a 40% increase in ticket prices. That is not sustainable.  We have to balance the demands of the PRCA with the consequence of pricing our fans out of the market.  In fact, LVE does not generate a profit from the NFR. All revenue generated from the NFR including ticket sales, Cowboy Christmas, local sponsorship sales and a $2 million LVCVA and LVE rights fee, go directly to the contestants and the PRCA.