In Las Vegas, they say the house always wins.
When it comes to the Floyd Mayweather-Manny Pacquiao superfight, the cliche has morphed into "every house wins."
From hotels and restaurants to satellite TV providers and cable companies ... to the boxers themselves, the markup on this fight is truly exponential. Everyone is making money, and some public companies are front and center.
But the big winner is likely to be (MGM).
Despite weak expectations for the first quarter when it reports early next week, the company should be poised to boast of a turnaround for the current quarter, and it will all be based on one weekend.
How about with the actual arena, which seats more than 16,000. Obviously, it's sold out, but only a few hundred tickets actually made it to a public market. Those sold out faster than a Mayweather jab -- actually reports were that it took about a minute to sell out.
The retail price ranged from $1,500 to $10,000, but it's the secondary market that has been eye popping. One story had a UFC champion paying a quarter of a million dollars for two ringside seats.
For the average seat, the market actually has eased somewhat as fight night approaches -- with eyes toward a big payday, more supply has hit the market -- but the buy-in for a seat on the secondary market remains over $3,000.