F1: The Venetian making $1B investment ahead of Las Vegas GP

The Venetian Resort Las Vegas is proud to be a presenting partner of Formula 1’s Las Vegas Grand Prix race on November 18, 2023. This exciting night race will be the first of its kind as F1 takes over Las Vegas Blvd.

Their hotel is perfectly positioned to offer once-in-a-lifetime views of this uniquely Vegas circuit.

The Venetian, known for its replica canals and gondolas, is investing over $1 billion in renovations. It is already undertaking a huge project with Madison Square Garden Entertainment, which it aims to finish before F1’s Las Vegas Grand Prix in November 2023.

The cars will race past the front entrance of the Venetian

The Venetian is revamping its casino floor, restaurants, and entertainment areas, as well as spending $50 million on a beach day club.
The hotel company is a presenting partner of the Vegas Grand Prix, and the street track will pass the Venetian. The Venetian will offer suites and experiences connected to the race.
Race founding partner MGM Resorts plans to purchase $20 million–$25 million in F1 tickets and could offer packages around the event priced over $100,000.

The Venetian is owned by private equity firm Apollo Global Management, which acquired the property in February.

It is teaming with MSG Entertainment, owner of Madison Square Garden, on a $1.85 billion entertainment center called MSG Sphere.