F1 Las Vegas gives Grand Prix an extension of two years

Las Vegas Grand Prix has agreed to two years of extension, which will look at the Formula 1 cars under the strip by at least 2027-although it is expected to stay on the calendar for a very long time.

After returning to F1 in 2023, Vegas is in a unique position among 24 destinations, which has been created by the current calendar, it is promoted by the chain, and the early decade was “commitment” in the race when it was first announced when it was announced.

This means that its place on the schedule is very safe and is not sure of a public announcement. Miami Grand Prix received last month when a new deal was confirmed by 2031,

The only push for the Las Vegas Grand Prix will probably come from the city, but in terms of revenue, one of its weakest weekends having F1 in the city has made a bounce by hotels, casinos and retailers.

Las Vegas Grand Prix organizers revealed that 2024 race weekend produced $ 934 million in revenueWith data published in GP’s economic impact analysis, the 306,000 race in Las Vegas, showing the competition, is the biggest recurring phenomenon with the appearance of the week, 175,000 of which were from out-of-town.

“We collectively agree that we are going to expand two years for 2026 and ’27,” said the Chairman of Las Vegas Grand Prix and CEO and F1 Emily President’s Chief Commercial Officer.

“We want to make sure that we are continue to develop what we are doing. But the intention is a very long -term arrangement.

“As we all know, the race has our own challenges, but we are coming to the other side. So we want to ensure that it continues to work for both sides.

“So collectively, we sat down and agreed that this is the best way. We are planning a lot, but it is such that we are now.”

In terms of revenue, November is often the eighth best month of the year for the city of Nevadan, but in the last year’s race it became the best month in its history.

The Chairman of the Las Vegas Convention and the Authority of visitors said, “The length of the extension does not really reflect anything, besides it is just so understanding, we know what is going to happen in the next few years.”

“We are planning to have a permanent race on this, we will only plan the extension that will probably move as we will move forward.

“This is just one effect that we are not able to repeat on an annual basis for anything. And nothing has really changed.”

Max Verustapane Last year, the F1 World Champion was crowned in Vegas, celebrating in front of the Belgio fountain – while other sites with strips also benefit from weekend contact.