The Las Vegas Grand Prix, designed to be a wild and over-the-top event, became the highest-grossing weekend for hotel revenue in MGM's history. The race, which took place over the slowest weekend in Las Vegas, exceeded expectations. The event's success reflects the massive intersection between sport and commerce in the city. The CFO of MGM Resorts International stated that the race surpassed the revenue generated during the Consumer Electronics Show in 2019. This achievement is significant given the context of Nevada's increasing gaming and casino revenue. The race's impact on the city's economy and the spectacle it created are highlighted in the coverage by various sources, including a piece by a Vegas native for GQSports and another by a journalist for SpyDotCom.
Nevada sportsbooks won a net $68.1 million in October, a nearly 20% increase from Oct. 2022, according to revenue numbers released today by the state's gaming control. Books won a net $48.3 million on football bets, both college and pro, a 44% increase from last October.
Nevada casino topped $1.325B in gaming revenue for October. Strip at $714.5M - up 1.2% Downtown at $97.5M - up 7.8% Big jump on the Boulder Strip (Henderson) - up 10.3% Reno up 9% but Sparks down 7% per Nevada Gaming Control Board Story coming to @TheNVIndy https://t.co/N35vUdY2Ph
Here's a look at the story of a former Olympian who saved Brazil's #F1 race. https://t.co/yOmtkd2O31
From ⛵ to 🏎️, here's the story of how a former Olympian helped secure the future of an #F1 race at Interlagos: https://t.co/wYDjwRry92
.@MGMResortsIntl's CFO on @F1LasVegas: "It was the highest-grossing weekend for us, in hotel revenue, in the company's history. The second-highest was [@CES] in 2019." - @KTNV https://t.co/FlPJBZwHdN
The weekend before Thanksgiving is usually the slowest weekend of the year in Las Vegas. But MGM's CFO says the Las Vegas Grand Prix ended up being the highest-grossing weekend for hotel revenue in company history. “The race met every one of our expectations." That's wild 💰 https://t.co/jPNh0UZmdj
Missed this last week, but here's my final report on the Vegas Grand Prix and the massive intersection between sport and commerce in one of the most commercial cities in the world for @SpyDotCom: https://t.co/dYanpYhULn https://t.co/p0QCMfYVMD
Missed this last week, but here's my final report on the Vegas Grand Prix and the massive intersection between sport and commerce in one of the most commercial cities in the world for @SpyDotCom: https://t.co/dYanpYhULn
The Las Vegas Grand Prix was devised to be the wildest, most over-the-top event to hit the Strip in years. We sent one of the city's own to help us understand the spectacle 🔗: https://t.co/nM9uHjzP8L https://t.co/nM9uHjzP8L
This @weareyourfek piece on the Las Vegas Grand Prix is _excellent_: https://t.co/Na85HxSyDw
Electric essay from Vegas native @weareyourfek on Vegas F1—which was somehow even *more* Vegas than promised. https://t.co/vLCIAjiiTR
Bright lights, fast city: a Vegas native makes sense of the Las Vegas Grand Prix 🔗: https://t.co/jbBPCnpwpt https://t.co/jbBPCnpwpt