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In this tutorial by WP Event Manager, the focus is on the "Delete with Event" setting in the registration add-on. This setting is found under the Event Registration Settings in the Management tab. By default, it is turned off, meaning that when an event is deleted from the event dashboard, the registrations for that event remain intact. However, if this option is enabled and changes are saved, deleting an event will also remove all associated registrations. The video emphasizes the utility of this setting for users managing their event registrations efficiently.