Forbes expects Pacquiao-Mayweather tickets to sell for average of P132,000 each in secondary market
It took just 15 minutes for rooms at the MGM Grand to be soldout in the dates around the Manny Pacquiao-Floyd Mayweather megafight.

IT took five long years for the much-awaited Manny Pacquiao-Floyd Mayweather bout to finally get it done.

It only took 15 minutes for the MGM Grand rooms to be completely sold out for the May 2 megafight.

After Mayweather officially announced the fight, expected by many to become the richest in boxing history, with Pacquiao will finally happen as planned, rooms at the MGM Grand were sold out in 15 minutes.

Demand for tickets is expected to be as high at MGM, which has a seating capacity of around 17,000, once these go on sale. say prices of tickets can go as high as US$3,000 (P132,000) in the secondary market.

Room rates in the hotel have likewise skyrocketed for the weekend leading to the fight, climbing up to as high as $615 per night.

[See Roach fires first salvo: 'Pacquiao will put Mayweather on his backside]

Pacquiao has fought to a sold out crowd at the MGM Grand eight times since his 2008 fight with De La Hoya.

In all, this would be his 12th fight at the grand hotel where he successfully made his US debut following his stunning 6th round technical knockout win over Lehlohonolo Ledwaba to win the International Boxing Federation (IBF) super-bantamweight title in 2001.

Two of his five career losses (57-5, 38 KOs) also took place here, both in 2012 against Timothy Bradley and Juan Manuel Marquez.

The unbeaten Mayweather (47-0, 26 KOs) on the other hand, will be fighting at the MGM for the 14th time, which serves as his home for the last seven years where 10 of his last fights were held.

Follow the writer on Twitter: @gerardmos