Big bout making huge economic impact

LAS VEAGS (WOOD) — Hotel rooms are at a premium in Las Vegas this weekend as fans flock there to see the big fight between Floyd Mayweather and Manny Pacquiao.

Money Mayweather and Cinco de Mayo weekend are always big draws for Las Veags, but this is over the top.

Around 11,500 people showed up for the weigh in, and for the first ever people paid $10 to see it.

It’s an understatement to say Las Vegas is a buzz — private jets are roaring in, celebrities and boxing dignitaries are in town for the big fight.

Heide Hayes from the Las Vegas Convention and Visitors Bureau estimates over 97 percent of Las Vegas’ more than 150,000 hotel rooms will be occupied this weekend.

“He’s a tremendous draw and when he fights, people come,” said Hayes.

If you want to buy a ticket on the secondary market, get read to break the bank. A quick check of StubHub shows a ring side seat can run you as much as $234,000.

Mayweather has become one of Las Vegas’ biggest draws.

“Even on Floyd’s biggest fights, Mayweather-Canelo, Delahoya… there hasn’t been this level of energy or commercial business,” said Stephen Espinoza, general manager of Showtime Sports.

“They even delayed his jail sentence that tells you a lot about him. How often do they delay somebody’s jail sentence? They did that for Floyd. That tells you what he means to the economy,” said Kevin Iole, a Yahoo Sports Boxing writer.

In Mayweather’s last eight fights at the MGM, nearly $72 million was spent by ticket holders on hotels, shopping, dining and entertainment. That doesn’t include people who came but didn’t have a ticket.

“Floyd Mayweather means everything to the City of Las Vegas. They ought to build a statue,” said Leonard Ellerbe, Mayweather’s promotions president.

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