The second Formula One Las Vegas Grand Prix is two weeks away and operators of the Strip’s largest resorts are attempting to tamp down expectations of a financial windfall from the event.
“I would say flat-to-down a couple of million dollars versus last year,” was how Caesars Entertainment CEO Tom Reeg predicted his company’s eight casinos — all of which sit along the Strip’s 2-mile stretch of the 3.8-mile F1 circuit – would see from customers coming to Las Vegas for the Nov. 21-23 event.
But while sky-high hotel room rates and big profits for Strip resorts may be a thing of the past, tourism officials say they’ve worked out the kinks from the inaugural year, finding ways to spread the wealth to properties off the racetrack and create an experience that even fans who can’t buy tickets can enjoy.
