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.
The inaugural Formula One Las Vegas Grand Prix was successful for some of the big resorts and a good time for fans, which is why it will continue to run here.
The Formula One race was expected to generate $1.2 billion in economic impact. But some small businesses near the Strip say they didn’t see much of a benefit.
As the Strip got back to its usual bumper-to-bumper traffic, resort executives said Formula One’s Las Vegas Grand Prix went better than they had hoped.
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.
The “egregious” $3,000 landing fees have been trimmed, the Aircraft Owners and Pilots Association said.
McLaren has opened the first-of-its-kind experience center that will let visitors use the same racing simulator as F1 drivers in hopes to grow the brand.
The inaugural Formula One Las Vegas Grand Prix begins Thursday, and racing fans who say tickets to the race were too expensive have already descended on the Strip.
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.
Five airlines, including four foreign carriers, are adding flights to and from Las Vegas to accommodate the Formula One race crowd expected next week.
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.
When thousands of race fans converge on Las Vegas later this month, it presents a huge economic opportunity. But some local residents still hate the idea.
Somebody ripped some holes in screens attached to the overpass glass designed to block views of the Formula One race course.
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