The total amount of revenue recorded at Las Vegas casinos last November was 14.3% higher than the same month in 2022, local newspaper Las Vegas Review Journal reported.
This is directly related to the holding of the debut Grand Prix of Las Vegas and will certainly be categorized as facts that have a positive impact on the local economy. Let us not forget that in this city there was an ambiguous attitude to holding the Formula 1 race, because due to the blocking of transport routes, dozens of small trade and catering businesses suffered serious losses.
But during the race weekend, the gambling houses in Las Vegas were filled with wealthy fans from Europe and other parts of the world, and even if some of them were lucky enough to win something, they left a lot of money in these establishments – this amount exceeded $ 1 .2 billion.
“The four-day period that began on Nov. 16 proved to be extremely profitable for the Las Vegas gaming industry, as well as other parts of the economy,” said Michael Lawton, senior economic analyst for the Nevada Clark County Board of Review. “Some companies today are posting record profits.”
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.
