Tech expert creates intrigue after spotting “crazy” Ferrari exhaust Realising the look for the sport would be bad were Las Vegas high profile names to call out the ‘protection’ money and bad mouth the sport, F1 backed down and agreed a one off $50,000 fee for each of the non-partner venues.

The number of seats had been calculated by F1 representatives based on the capacity of the venues according to the fire code certifications. For a venue with around 2,000 seats this would have resulted in a bill of around $3m. That report showed that the NFL’s championship game and events tied to it would leave an economic impact of just half that of Formula One in the region of $600 million.Īs TJ13 reported in August Formula One was facing a backlash from a number of Las Vegas venues who accused the sport of a “gangster” style shakedown.į1 had been demanding $1500 per seat from non-partners such as Planet Hollywood amongst others to ensure the view of the race track was not obscured by lighting or hoardings. When the business community in the gambling capital of the free world learned the projected overall economic impact of the inaugural race in ‘sin city’ was $1.3bn, all objections to the chaos setting up the event would cause were quietened.Ī similar economic impact study was conducted by Applied Analysis for the Super Bowl taking place in February 2024 at Allegiant Stadium in Las Vegas. Las Vegas bosses were delighted when Formula One decided to host a race down the famous Nevada “strip”.

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