The Formula One Heineken Silver Las Vegas Grand Prix is on for next year and scheduled for November 21-23. This despite reporting from SFGate’s screaming headline, “Las Vegas’ biggest event in years was a disaster.” According to The Messenger’s Arash Markazi, “Tickets for Thursday’s practice sessions were selling for around $100 on Wednesday night and tickets for Friday’s qualifying were going for around $250 on the secondary market. Both events were selling for around $1,000 originally,” Markazi reported. “A ticket to Saturday’s race is still over $800 but they were over $1,600 just last month.”
Markazi reports that his hotel room cost him $18.
The race’s sore winner, Max Verstappen, viewed the event as a joke and couldn’t wait to get out of town. “For me, you can skip this,” he said. “It’s not about the singers. We are just standing up there, looking like a clown.” (whatever that means) However, the reigning F1 champ and race winner sang “Viva Las Vegas” over the radio as part of a new tradition he agreed to with Red Bull team boss Christian Horner, reports the Athletic.
Driver Lewis Hamilton was more diplomatic, “For all those that were so negative about the weekend, saying it’s all about show, blah, blah, blah… I think Vegas proved them wrong.”
Strip workers will be happy to see the lifesize erector set defacing the Strip being dismantled around the clock and the cocky drivers in onesies out of town.
For all the belly aching about the event, corporate Vegas looks to have made out fine.
The local paper reports “Southern Nevada appears to have had the best week financially in its history, thanks to the Formula One Las Vegas Grand Prix.”
Caesars Entertainment’s regional boss Sean McBurney said their properties were completely full. He spent four days at the race and noted, ”I don’t know if I’ve been to an event where the feedback was so unanimously positive.”
MGM’s VP of citywide events, Andrew Lanzino, said all properties, close to the track or not, “performed as if it was New Year’s Eve.”
MGM president and CEO Bill Hornbuckle told the LVRJ, “The average [room] rate at Bellagio was $2,200.
The gushing by casino execs is confirmed by Jacob Orth, who wrote on X,
After the race at Bellagio between 1am-2am:
- About 70-80% of all tables had action
- One guy won $40,000 on high limit Top Dollar
- Of 10 craps tables on the main floor, 2 were $25 min, the rest were either $50 or $100 (all had action)
- $300 min for 3:2 BJ on main floor (4 tables, 2 vacant)
- $1,000 min 0 roulette in high limit
- $1,000 or $5,000 min high limit BJ
- One $5,000 BJ table had 3 people playing, another had a couple playing
- Two $1,000 BJ tables had 2-3 people playing
- The casino floor was busy, not necessarily crowded, but there was no shortage of people willing to gamble with the higher minimums.
The drain cover incident which postponed Thursday night practice until 2:30 am (Friday) will be long forgotten other than by those kicked out of viewing areas who have ramped up a class-action lawsuit.
@VitalVegas who posts on X (formerly Twitter) about all things Vegas is not an F1 fan “F1, LVCVA and Clark Co. Commissioners—with fingers in ears and heads lodged deeply up asses—announce another year of insanity before even assessing the failure or success of this year’s financial and P.R. disaster, so there’s that.”
But, a guy who is by now an old Vegas wiseman, Donny Osmond, probably has it right about the Grand Prix, “The traffic has been horrendous...But the locals, eventually, are going to embrace this thing completely.”
And most importantly, Joe Pompliano posted on X,
“Dealers at the Wynn in Las Vegas split $700,000 in tips on Saturday, per @LasVegasLocally. That means each dealer went home with ~$2,000 in tips — 5-6 times more than their $350-$400 average and the highest amount in Wynn’s 18-year history. “I guess F1 wasn’t so bad after all.”
F1 is likely something Las Vegas residents will love to hate, for many years.
