No, you need to purchase an event ticket for it. No events are included as part of the badge. The badge is needed to play in the events, and to explore the dealer room (well, in theory). On site, you just buy generic tokens, which are like cash for events. They won't take green paper money at the event registration tables, for whatever reason.
Based on the last two years, the lines for tickets on Thursday will be hundreds or a thousand long and move ass slow. The first Type 1 tournament is usually around 1 or 2 pm and there are usually SO many people who don't have tickets that they just take cash for that event (at least the PES guys have the last 3 or 4 years). Not saying they will this year, but if they don't, they'd have like 20-30 instead of 50-60 because of the lines. I know you can pick up your badges on Wed night; if you can pick up event tickets then too, do it.
Summary - if you're going to play on thursday, either buy tickets Wed night (if possible), get there REAL early thursday morning, or hope they take cash like that last couple years for that event.