The Formula One Las Vegas Grand Prix is one of the top selling events this year globally on secondary ticket marketplace StubHub, while hotel room rates have stabilized.
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Formula One officials are requiring businesses to pay a licensing fee to host watch events or run the risk of having their view obstructed.
The redevelopment of the Tropicana property is long overdue, said Bally’s Corp. chairman Soo Kim. The company is eager to get that underway as soon as possible.
Once among the most upscale properties on the Strip, a gilded treasure box of showgirls and celebrities, a destination spot in a destination city, the Trop courts a different clientele these days.
The condition would have been tied to the Las Vegas Festival Grounds, a 39-acre site the Oakland Athletics no longer are considering for a stadium.
“For a while we were on parallel paths (with Oakland), but we have turned our attention to Las Vegas to get a deal here for the A’s and find a long-term home,” A’s President Dave Kaval told the Review-Journal on Wednesday.