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.
Just hours after the Nov. 18 Grand Prix concluded, MGM said it would move swiftly to get the area in front of its properties back to normal before Christmas.
MGM exec Andrew Lanzino says of Bellagio Fountain Club, “We wanted it to and live up to the Bellagio namesake, knowing all of this has to disappear and go back to normal.”
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.
Several resort operators are using incentive programs, including the chance to win luxury cars, to encourage their staff to work during the Las Vegas Grand Prix.
Before the Las Vegas Grand Prix, there was the Caesars Palace Grand Prix in 1981.
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.
The Occupational Safety and Health Administration is investigating the death of a construction worker over the weekend at the Fountains of Bellagio.