Las Vegas Roars to Life with Formula 1 Extravaganza: A $1.2B Jackpot for the City
LAS VEGAS, NV (Las Vegas Times) - In a dazzling spectacle that lit up the Las Vegas Strip, the Formula 1 Las Vegas Grand Prix concluded with a roar, leaving race enthusiasts and city officials cheering for more. The event, touted as an "unprecedented racing experience," saw a massive turnout, with Formula 1 Las Vegas Grand Prix officials boasting a "capacity crowd" of 315,000 fans.
Steve Hill, president and CEO of the Las Vegas Convention and Visitors Authority, declared the impact of Formula 1 on the city as monumental. "November 2023 will go down in history as Las Vegas's best November ever," Hill exclaimed, attributing the race's success to a staggering estimated economic impact of $1.2 billion.
Renee Wilm, the CEO of Las Vegas Grand Prix, expressed gratitude to the community for embracing the vision of bringing Formula 1 back to the city. "We are more excited than ever for the 2024 Las Vegas Grand Prix," Wilm exclaimed, looking forward to another thrilling edition.
CEOs of the Strip's "Big Three" resort companies joined in the chorus of praise. Tom Reeg, CEO of Caesars Entertainment, applauded the event, stating, "Las Vegas Grand Prix has set the new standard for Formula 1 racing, reflecting the best of our legendary city."
While the race left spectators on the edge of their seats, the road to success wasn't without its twists and turns. A class-action lawsuit looms over the decision to end the first round of qualifying abruptly, coupled with the disappointment of some fans being removed before the second round began. However, the organizers attempted to make amends by offering $200 vouchers for F1 merchandise.
Race-winner Max Verstappen's constant critiques added spice to the weekend, but despite the hurdles, Hill remains optimistic. "We celebrate the successes of this inaugural race and look forward to what the LVGP has in store for years to come," Hill stated.
Formula 1 is already gearing up for the next thrill ride, accepting deposits for the 2024 Las Vegas Grand Prix scheduled for November 21, 22, and 23. As the city basks in the glow of this racing extravaganza, the Formula 1 legacy in Las Vegas appears to be on the fast track to becoming a cherished tradition.