I expect the total take was somewhere around $35K. However, there was also the cost of renting the convention center, a hosted bar, a staff of about 15 (dealers, servers, etc.), and a catered dinner featuring shrimp and prime rib. All in all, it was a very nice event and a lot of fun. I don't mind that somebody made money from putting it all together.
That is far different from most Satelittes and makes perfect sense.