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Dunedin-based Ticket Rocket enters receivership

Dunedin-based Ticket Rocket enters receivership
September 2, 2020

The impact of the Coronavirus on live events has seen Dunedin-based Ticket Rocket go into receivership with New Zealand’s High Court freezing the company’s assets.

Entering receivership on Monday, Fortress Information Systems Limited, which also traded as Ticket Rocket and formerly TicketDirect, as well as Dash Tickets, and which had been providing ticketing services for a number of sporting organisations and venues since the late 1990s, had reportedly been facing problems for some months.

At the start of the year four of New Zealand's Super Rugby franchises used the company's ticketing services but all had ended their links with the company following New Zealand’s first nationwide lockdown.

In June, the New Zealand Herald reported that the Hurricanes Super Rugby franchise had called in Police in a dispute over $200,000 that Ticket Rocket had apparently not refunded to ticket holders for cancelled games dating back to February.

Canadian-based Matthew Davey, Ticket Rocket’s sole Director had also been a Director and major shareholder in the Highlanders Super Rugby franchise from 2016. He is understood to have resigned from the board in April and to have also reduced his shareholding.

It has also been reported in Davey’s native Canada that Ticket Rocket owes at least CD$200,000 for events in the City of Moose Jaw, apparently not refunding customers who purchased tickets for ice hockey games and concerts in March.

Other reports suggest that the Hurricanes are owed $200,000, a not-for-profit youth theatre is owed $15,000 and an entertainment group $25,000.

The Ticket Rocket website is currently still offering tickets for events but advises that it went into receivership at 9:30 am on 31st August

The message on the website reads “all post-receivership ticket receipts through the websites are protected so that customers get a valid ticket or their money refunded. Any transaction through this website is strictly on the basis that the receivers do not accept any personal liability for the obligations of the companies in receivership.”

BDO Christchurch is managing the receivership.

Images: Ticket Rocket’s office in Dunedin (top) and its most recent branding (below).

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11th August 2020 - Creative New Zealand releases guidance to help councils support local arts

3rd August 2020 - iTICKET urges New Zealand ticket buyers to shun Viagogo

29th July 2020 - Performing Arts Network of New Zealand explores need for a central arts sector hub

17th July 2020 - New Zealand looks to host entire 2020 Rugby Championship and new trans-Tasman competition in 2021

2nd July 2020 - New Zealand Government launches new fund to back domestic events

16th June 2020 - Live performances set to welcome New Zealand arts and event patrons

19th June 2020 - Crowds set to return to Stadium Waikato for third Super Rugby Aotearoa clash

9th June 2020 - Director General of Health signs off on New Zealand Events Sector Voluntary Code

2nd June 2020 - New Zealand Rugby announces details of new domestic competition

18th May 2020 - Taranaki Rugby Union confirms financial restructuring

8th May 2020 - New Zealand Government announces framework for return of professional rugby and netball competitions

12th March 2019 - Viagogo blamed as 200 refused entry to Dunedin concert

27th August 2018 - Creative New Zealand backs study into options for new Dunedin performing arts venue

24th May 2018 - TicketDirect introduces new Ticket Rocket brand in Australia and New Zealand

4th December 2015 - TicketDirect founder Matt Davey leads new Highlanders ownership

3rd September 2013 - TicketDirect’s acquisition of Dash Tickets to enable growth in New Zealand ticketing sector

20th June 2011 - TicketDirect partners with Debitsuccess to grow NZ rugby membership


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