Las Vegas Agrees $19.5 Deal to Host F1 Races for 3 Years
Las Vegas will host Formula One races in 2023, 2024 and 2025. The city's tourism body agreed on a $19.5m sponsorship deal.
The Las Vegas Convention and Visitors Authority voted in favor of bringing the Formula One Grand Prix to the world’s gambling capital for at least three years.
The LVCVA has signed a three-year sponsorship deal with Formula One. The tourism body will pay $6.5m per year for services connected to the races.
Liberty and Las Vegas agree to host Formula 1 races for 3 years. Liberty gets to use the Las Las Vegas Convention Center.
Liberty Media bought a 39-acre plot of land east of the Strip for $240m. It will be used to build the pit and paddock complex for the Las Vegas Grand Prix. The track will feature 14 turns and will run for 3.8 miles past landmarks including Caesars Palace and the Bellagio Fountains.
Tilman Fertitta is planning to buy six-acres on The Strip for an upmarket resort. Las Vegas has a new team, the Las Las Raiders, and Formula One is coming to Sin City in November.