F1 threatens obstructions and barricades unless Las Vegas hotels pay to view grand prix
Vegas hotel and casino owners are claiming their views of the circuit will be intentionally blocked by F1, unless they agree to pay massive sums of money for the licence to watch it, The New York Post report. The Vegas Grand Prix is set for November 18 and is perhaps the standout date on the 2023 F1 calendar. Venues in Vegas that overlook the circuit will be charged $1,500-per-person - or face āobstructions like barricades, stands and light stanchionsā blocking their views, the report states.
āThey are literally shaking people down saying they will obstruct views unless they pay them,ā an anonymous casino owner was quoted. āIt seems insane that they are asking money for a public event that is taking place in the streets.ā A different source was quoted: āThere is a real chance of obstructing views with stands and barricades. I know the hotels are upset about it and they are trying to figure out if theyāll play along.ā
Major Vegas hotspots like the Venetian and the Wynn are paying between $2m-$10m to be official race sponsors. F1ās demands are perfectly legal, another source confirmed: āThey own the right to the race so it would be hard for a venue to prove damages.ā Liberty Media, owners of F1, spent $240m on 39 acres of land in Vegas where they have been building a new circuit and paddock area - a different strategy to usual, where they work with a local promoter of a circuit. They hope for $500m of revenue from this yearās race. A ācheapā three-day ticket for an F1 fan in Vegas will cost approximately $500, with high-end packages worth $15,000. F1 will recoup big fees from the major Vegas casinos and hotels, and big brands, who sponsor the grand prix.
[I'm not sure how long F1 will last in Las Vegas if they play games like this with the big hotels, I have friends who live in Vegas and they tell me that the people who live there are going crazy about the disruption this race is causing, it started about 3 months ago and will continue until mid-November. F1 is just one event and all the hotels there have massive conventions for the rest of the year which bring in far more money than F1 will for the city
They are doing this with Monaco from next year, they have said that everyone who is on a boat will have to pay $300 for a ticket. A berth during F1 season costs ā¬3,500 per night, with the finest berths costing as much as ā¬100,000 for five days.]