Is it correct? Possibly.
"Must-see" is both a noun - as in "This is a must-see" - and an adjective - as in "This is a must-see event".
The only time you could use a 'to' in this phrase is if you said "It's a must to see this event". In this case, the noun is 'a must', and the 'to' is part of the infinitive 'to see'.