The event has other game mechanics. You will have your in-app purchases working forever in all your permanent precincts, but the event is independent and it will need its own boosters.
 
No-ads will work permanently during both regular prisons and events.
 
The event card packs could provide an Elite Cap, but it also couldn't. The event card pack has probabilities to play with, so it may happen that it won't appear in the first event chests.