F1-ed OVER: Grand Prix to Wreck Las Vegas Show Revenue Again
It’s not only restaurants and casinos that are taking a huge business hit from this week’s F1 Las Vegas Grand Prix, though they’re the only ones that have sued so far. The operators of Las Vegas’ many production shows are feeling a sting in their balance sheets for a second time.
The issue is that, unlike other big events that come to town such as the Super Bowl and National Finals Rodeo, F1 hijacks Las Vegas’ main thoroughfare to use as its performance space. This seriously hampers efforts by tourists and even employees to get to, and enter, any resort on the Strip in a timely fashion.
Either because show-seeking tourists avoided Las Vegas during the inaugural F1 Grand Prix, were daunted by the maneuverability issues, or because they couldn’t physically get to one of the Strip’s Tix4Tonight kiosks to buy discounted day-of tickets, show tickets barely sold, resulting in huge operating losses.
