F1 News: LVCVA reduces Las Vegas F1 GP ticket purchase
The Las Vegas Convention and Visitors Authority Board of Directors approved the purchase of $1.7 million in Las Vegas F1 GP tickets at its meeting Tuesday.
This year’s F1 GP race ticket purchase is $6.3 million less than last year’s $7 million buy by the Las Vegas tourism arm.
The LVCVA will buy 135 tickets for each night of the race to host its various customers during the Nov. 21-23 event. LVCVA President and CEO Steve Hill said that he believes that the authority will end up with around 115 tickets for each night after it sells some of the tickets to resort partners. Last year, the LVCVA had around 445 tickets available per night to host customers in their hospitality suite, he said.
The reduced number is a result of a greater demand last year from customers wanting to take part in the inaugural race and the excitement surrounding the event, Hill said.
The customers Hill referenced are those who bring in international travelers that represent hundreds of thousands of room nights per year in Las Vegas and representatives from airlines, building, convention and sports events.
“We pair them with a certain number of our salespeople and our leadership staff in order to shepherd them through the week,” Hill said.
A review of LVCVA data by the Las Vegas Review-Journal revealed the agency gave out $4 million in tickets to the 2023 F1 GP, hosting hundreds of people in their skybox suite. Attendees included legendary entertainer Wayne Newton, NFL Commissioner Roger Goodell, executives from the NBA, NHL and MLS, and representatives from various trade shows that populate the Las Vegas Convention Center and other facilities in the resort corridor. Las Vegas Review Journal
Cosmopolitan gets in on the race action
The Cosmopolitan is getting in on the Formula One action with the addition of a watch party, located high above the Las Vegas Grand Prix.
The Cosmo’s Boulevard Experience, planned for the resort’s Boulevard Pool above Turn 14 of the race, is a three-day party featuring a live feed of the race broadcast on big screen TVs, with a live DJ and complimentary snacks and nonalcoholic beverage options. A cash bar and upgraded food options at concession stands will also be available for guests.
“We are elevating the 2024 Las Vegas Grand Prix experience by offering our guests a wider variety of activations across our portfolio,” Andrew Lanzino, vice president of citywide events strategy for MGM Resorts, said in a statement. “This year, fans can enjoy activities ranging from one-day tickets at The Cosmopolitan’s rooftop party to the incredible VIP festivities at the Bellagio Fountain Club.”
Fans will be able to purchase single-day or three day passes for the viewing party, set for Nov. 21-23, when the grand prix returns to Las Vegas for three days of Formula One action. Single-day general admission tickets are priced at $250 per person per day for Thursday and Friday and $350 per person for Saturday. Three-day general admission passes are available for $700 per person.
All prices are excluding taxes and processing fees, with tickets going on sale at 10 a.m. Wednesday, via the resort’s website.