As expected, November’s Formula One Las Vegas Grand Prix boosted the average daily room rate visitors paid, especially on the Las Vegas Strip.
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Revenue records were shattered during November’s Formula One race. The live entertainment tax collection was between $30 million and $35 million, the LVCVA said.
Hotel room rates on the Strip are some of the lowest they’ve been for last-minute travelers to the Formula One Las Vegas Grand Prix.
Wynn Resorts Ltd. expects to generate the most revenue for a three-day period in its history next week when the Formula One Las Vegas Grand Prix rolls into town.
Visitors during the inaugural Formula One Grand Prix can expect plenty of fanfare in Las Vegas. For some, they’re miles away from the track.
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