Prepared statements created by mysqli_prepare() are server-side prepared statements.
When you execute such a prepared statement  only the statement id and the parameters are transferred, not some query string as if you would replace the placeholders by the actual parameters (on the client-side, i.e. your php script).
But you can see the result in the general log of the MySQL server, see Prepared Statement Logging
edit: in your case the preparation of the statement fails because desc is a reserved keyword.
For a list of keywords and how to use them as identifiers (if necessary) see http://dev.mysql.com/doc/refman/5.0/en/reserved-words.html
$q = '
  INSERT INTO
    `event`
    (
      `cityid`, `name`, `desc`, `date`,
      `expdate`, `mintix`, `maxtix`,
      `contactname`, `contactemail`, `contactphone`
    )
  VALUES
    (
      ?,?,?,?,
      ?,?,?,
      ?,?,?
    )
';
if ( false===($stmt=mysqli_prepare($dblink, $q)) ) {
  /* 
    in production-code you might not want to reveal
    the error string to each and every user
    ...but for this example and for debugging purposes:
  */
  die('mysqli_prepare failed: '.htmlspecialchars(mysqli_error($dblink)));
}
$rc = mysqli_stmt_bind_param(
  $stmt,
  "issssiisss",
  $city,$name,$desc,$date,
  $expdate,$mintix,$maxtix,
  $contactname,$contactemail,$contactphone
);
if ( false===$rc ) {
  die('mysqli_stmt_bind_param failed: '.htmlspecialchars(mysqli_stmt_error($stmt)));
}
if ( false===mysqli_stmt_execute($stmt) ) {
  die('mysqli_stmt_execute failed: '.htmlspecialchars(mysqli_stmt_error($stmt)));
}
mysqli_stmt_close($stmt);