In Australia, it usually means having his local IFPA Lordship show up (cue the obligatory fanfare) to march in and take over what is supposed to be primarily a casual social event.
So yeah, no benefit at all from a local Australian perspective.
Better to have non sanctioned meets instead spread by word of mouth/client sales and keep the bureaucratic big noters out of it completely. There's quite a few of us down here that have been using this organisational method for years with great success in expanding the local pinball scene without the pissing contests and ego stroking that seem to go hand in hand with ranked events.
Works well and as an added bonus not a single Donkey Kong logo shirt to be seen which wouldn't happen if Not So Fair Dinkum Pinocchio was involved in any way.