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Sunday, June 23, 2024

Vegas Resorts Going All Out for Formula 1 Grand Prix

  • MGM Resorts will build a grandstand by the Bellagio for the Las Vegas Grand Prix.
  • Formula 1 will release additional sets of tickets in the coming months.

Formula 1’s Las Vegas Grand Prix is still more than a year away, but the race is already set to transform Sin City.

MGM Resorts announced plans to build a grandstand on the Bellagio’s lake to create a viewing area for the street race on Nov. 18, 2023.

  • “In addition to the Bellagio Grandstands, which will set new standards for event viewing, we will create a round-the-clock celebration worthy of this international spectacular,” said MGM chief commercial officer Steve Zanella.
  • Access to those seats will be limited to MGM’s packages that include tickets and rooms.

Demand has already been strong and F1 will release additional rounds of tickets. Prices will start at $500 for a three-day general admission ticket, rising to $2,500 for grandstands and up to $10,000 for shared hospitality areas.

Changes Coming

F1 introduced a cost cap of $145 million last season, which dropped to $140 million this year and will be $135 million the following three years.

“This year, after four races every team had points,” Haas principal Guenther Steiner told Front Office Sports. “If that has ever happened, I cannot remember it.”

The sport will change even more in 2026, when new engine regulations will require sustainable fuel and more power from electrical sources.

“In ‘26, we will be four years into the cost cap,” Williams Racing principal Jost Capito told FOS. “With the technical regulations and engine regulations we will have even more exciting racing, as the teams will be even more balanced than they are now.”

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