In November, Formula 1 will arrive in Las Vegas, where the penultimate stage of the season will be held. The race takes place on the city track, part of which runs along the famous Las Vegas Strip, along which hotels and casinos are located.
The owners of these establishments counted on a good profit, since the windows of hotels and casinos offer a good view of the track, but the reality turned out to be not so rosy. According to The New York Post, the owners of establishments along the Las Vegas Strip received a letter from Liberty Media offering to pay a licensing fee for the ability to show the track to guests at a rate of $1,500 per person. For some institutions, the amount of payments will reach several million dollars.
Otherwise, in the absence of payment, Formula 1 will take steps to ensure that guests of these establishments are not given the opportunity to view the track. Measures include placing sales banners or applying targeted lighting.
The letter, which was received by hotels and casinos, read: “The organizers of the Las Vegas Grand Prix will make reasonable efforts to ensure that those who have paid royalties have a view of the track.”
One of the casino owners commented on the Formula 1 initiative: “They literally shake people and promise to block the review if they are not paid. It’s just crazy that they charge for a public event that takes place on the streets of the city.”
Source: F1 News
I am Christopher Clyde, an experienced journalist and content writer with a passion for sports. I have been writing about Formula 1 news for the past five years and am currently employed as an author at athletistic.com, one of the top sports websites in the US.
