(Daniel Pearson/Las Vegas Review-Journal)Įven though the Sphere lost nearly $100 million in its first quarter of operation, Executive Chairman and CEO James Dolan is optimistic that the new Las Vegas entertainment venue will be profitable as the venue presses ahead with more entertainers wanting to play there, more films in production and more Spheres to be built worldwide.ĭolan also hinted that ticket prices may go up but that Las Vegas was the ideal location to open the first Sphere because of the constantly changing tourist market. Excited fans wait outside of the Sphere on the night of its inaugural performance featuring U2 on Friday, Sept.