The inaugural Formula 1 Las Vegas Grand Prix attracted 316,000 ticket sales and generated a preliminary economic impact of $561 million in November. However, there were reported 'imperfections' and businesses around the Strip are seeking $25 million in reimbursements for lost revenue. The Las Vegas Convention and Visitors Authority reported that 52.8% of locals are in favor of F1 returning for the next nine years. Despite the economic success, there were concerns about race problems and economic numbers shifting.
Sport is worth $1.84B to the Las Vegas economy. A little context, to why in my opinion the Promoters all met there last week. As the sport pivots to KSA. https://t.co/reN41m4Y6I
My position remains that it should be totally legal for players to bet on their own teams to win. https://t.co/7BJW9cso7p
A new sports betting bill in Georgia was filed yesterday, and the legislative effort has the backing of the Atlanta Braves. https://t.co/6rYXtOgnMD
Formula 1 Las Vegas Grand Prix presented economic impact numbers yesterday that differ from what public was told last year. Why do economic numbers shift and why an upbeat presentation when there were so many race problems like businesses losing money? https://t.co/mUDmQpJ1nS https://t.co/w3mpUgTBOm
A bill to allow Virginia bettors to legally wager on in-state college teams passed through the state Senate’s General Laws and Technology Committee on Wednesday, reports @BennettConlin https://t.co/8t6SKGlNAx
While the 2023 Formula 1 Las Vegas Grand Prix may have been a headache to some Las Vegans, we learned it was a monster money maker for Nevada. https://t.co/3IMohniSGb
Formula One officials say the Las Vegas Grand Prix last November was an economic success. https://t.co/rASZQpqjrR
"The Las Vegas Convention and Visitors Authority surveyed 6,000 people following the race and said the numbers show that 52.8% of locals are in favor of F1 returning to Las Vegas for the next nine years." - @FOX5Vegas https://t.co/f8hrLVE1RM
Appears to be plenty of room to add a sportsbook, if and when it ever becomes legal in Texas. Just saying. https://t.co/AOi7YG8CWk
Seven businesses around the Las Vegas Strip are asking for $25 million in combined reimbursements for lost revenue during @F1LasVegas, and one said that a recent meeting with @F1 and @Vegas went well as organizers "realize that things went south." https://t.co/7dG5fFFogC
F1 week visitors spent $561M in Las Vegas, new report shows https://t.co/3LTLFj9pvu via @reviewjournal
Las Vegas Sands earnings call on its Texas resort casino ambitions. Specific mention of Dallas (following Cuban-Adelson/Dumont Mavs deal). "Las Vegas Sands is actively trying to facilitate the development of integrated resorts in the state of Texas, and the legalization of…
Visitors to Las Vegas during @F1 week in November spent $561 million, according to a preliminary economic impact report released Wednesday. https://t.co/EF4eYUkIyO
"We brought the race here. It’s important to see how it operates,” Commissioner McCurdy said in response to why he and four other commissioners accepted tickets worth nearly $11,000 to attend November's Formula 1 race. @travery98 reports: https://t.co/5e7cYPZMI9
“We brought the race here. It’s important to see how it operates,” Commissioner McCurdy said in response to why he and four other commissioners accepted tickets worth nearly $11,000 to attend November's Formula 1 race. @travery98 reports: https://t.co/5e7cYQ0kxH
The economic impact of the inaugural Formula 1 Las Vegas Grand Prix. #BigMoney @News3LV https://t.co/rBB5KdE3jl
The @F1LasVegas reps talking about how 316,000 tickets were sold for Vegas race and talking up how great event is. They might want to address what Jeremy earlier called were the “imperfections.” https://t.co/XXvoFDyEye