nonevent

[non-i-vent]
noun
1.
an event or situation that is anticipated but does not occur or occurs with much less than the expected impact, especially one that has been widely publicized; anticlimax.
2.
an occurrence of only superficial interest or content; a dull or insignificant occasion.

Origin:
1960–65; non- + event

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
nonevent (ˌnɒnɪˈvɛnt)
 
n
a disappointing or insignificant occurrence, esp one predicted to be important

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
During nonevent periods, the trails accommodate heavy traffic.
They offered several ingenious reasons for the lamented nonevent.
In effect, deposit insurance makes a bank failure a nonevent for the average
  household customer.
Their feat was a near nonevent in policymaking circles.
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