<P> The TKTS ticket booths in New York City and London sell Broadway and Off - Broadway shows, music, and dance events and West End theatre tickets, respectively, at discounts of 20--50% off the face value . </P> <P> New York City's TKTS (which is pronounced phonetically as spelled - out "tee kay tee ess") first opened in 1973 and is operated by the Theatre Development Fund . </P>

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