Future of Electric Daisy Carnival in Las Vegas Unclear
Electric Daisy Carnival 2014 may already be in jeopardy, due to a new tax reform being debated by Nevada’s State Legislature.
According to Las Vegas Weekly, the live entertainment tax, which currently stands at 10% for most events, not including EDC LV, could become a universal mandate for all events held in the state. The three-day electronic music festival, run by Insomniac Events, has been able to avoid the surcharge largely because of an exemption loophole applied to outdoor mass gathering events such as EDC.
Insomniac Events founder and CEO Pasquale Rotella, recently released a statement addressing the news. “Insomniac loves doing business in Las Vegas,” he wrote, “and right now our primary focus is producing the best show for the fans who will attend Electric Daisy Carnival on June 21, 22 and 23. While we would love to bring another festival to Nevada, we are tabling any further discussions until the state Legislature settles the Live Entertainment Tax issue.”
Last year’s carnival garnered nearly $207 million in revenue for Clark County and attracted 320,000 fans into the Las Vegas Motor Speedway. It is the largest electronic music festival and dance music event in North America.