New York To End Price Cap On Tickets, Scalpers Rejoice!
May 31st, 2007

New York State is about to approve a bill ending current price caps on how much scalpers and brokers can charge on tickets to sports and entertainment events. There was no way, even before the internet, to successfully regulate and succeed in enforcement, said Governor Eliot Spitzer who could sign the measure by Friday, when the state’s old anti-scalping law expires. Some argue that Broadway theatres, sports teams and arenas only agreed to the new law because they have become scalpers themselves. Both a [Madison Square] Garden Web site and live Rangers games now are decorated by come-ons to “bid” on “premium” tickets in an “auction,” said Phil Mushnick of the New York Post. In other words, whatever the Garden can get over face value.

By on May 31, 2007, 6:31 pm
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