It will mean a temporary end to the Sportelamerica event which, along with its well-established European event in Monaco - which is not effected - have become key events on the global sport industry's calendar.
The events have also become a key indicator of the health of the TV sports broadcast market, acting as a marketplace and networking opportunity.
Commercial organisers of the event at Vital Communications in New York are now in the process of contacting all participants to notify them of the change in venue.
The first Sportelasia event will take place at the Intercontinental Hotel in Hong Kong on April 8-10.
However, one major global broadcaster has told sportbusiness.com
