The Las Vegas Convention and Visitors Authority is looking to purchase $1.7 million in 2024 Formula One Las Vegas Grand Prix tickets, to be given out to customers of the valley’s tourism arm.
Tourism
The CEO of Las Vegas Spaceport says the jets, which eventually will be part of its STEM Academy, should be ready to take part in air races next month.
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MGM Resorts CEO Bill Hornbuckle says 2024 Las Vegas Grand Prix ticket sales are lagging and that some MGM properties were charging up to 50 percent less for hotel rooms compared with the 2023 race.
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The 18-month deal is valued at $12 million and runs through 2025, according to the LVCVA. The partnership covers 15 races over two Formula One seasons.
The Las Vegas Convention and Visitors Authority spent over $4 million of taxpayer money on Las Vegas Grand Prix tickets, which were given to executives, staff and celebrities.
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The Las Vegas Convention and Visitors Authority has paid $2.2 million to more than 200 influencers to promote the city, but the amounts each received were not provided.
The Las Vegas Convention and Visitors Authority paid more than $2.2 million to influencers to promote the city, but experts say results are hard to track.
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