F1’s willingness to invest its own money in Las Vegas was a key factor in convincing the city to back the event, and to allow it to run down the Strip in front of the famous casino hotels.<\/p>\n
The event has proved a major success for Las Vegas, turning what had been its least profitable weekend of the year, the one before Thanksgiving, into one of its most lucrative.<\/p>\n
A statement from F1 said that since 2023 the grand prix had delivered $3.2bn (\u00a32.4bn) in cumulative economic impact for Las Vegas, with the 2025 race alone generating $43m ($32m) in tax revenue for the city.<\/p>\n
Steve Hill, the president and CEO of the Las Vegas Convention and Visitors Authority, said: “Extending our partnership with Formula 1 for the next decade is a major moment for both Las Vegas and the grand prix.<\/p>\n
“In just three years, the race has become a signature global event – putting Las Vegas at the centre of culture, competition and entertainment during race week.<\/p>\n
“As the spotlight of the world turns to Las Vegas, the event continues to reinforce our evolution as a premier sports and entertainment destination.”<\/p>\n","protected":false},"excerpt":{"rendered":"F1’s willingness to invest its own money in Las Vegas was a key factor in convincing the city…\n","protected":false},"author":2,"featured_media":461472,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[111,139,69,213],"class_list":["post-461471","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sports","tag-new-zealand","tag-newzealand","tag-nz","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/461471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=461471"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/461471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/461472"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=461471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=461471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=461471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}