Million-Dollar Las Vegas Race Experience: Wynn Las Vegas Offers Six-Person Formula 1 Race Package Packed With VIP Experiences For $1 Million

November 14, 2022November 14, 2022 Alan Snel

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By Alan Snel of LVSportsBiz.com Publisher/Writer

Those rocket-like open-wheel cars move fast and so are Las Vegas’ hotel-casino companies trying to cash in on Vegas’ latest shiny sports toy — the Formula 1 grand prix race that will include a big chunk of the Strip in November 2023.

Last week, MGM Resorts International rolled out a Las Vegas grand prix package for Formula 1 fans. This time, it’s Wynn Las Vegas, with the Las Vegas-based hotel-casino company dazzling F1 fans with a million-dollar offering that provides six people who come up with the $1 million a package deal of VIP experiences for the race that happens a year from now in Las Vegas.

“We combined the most exclusive access points across the track with Wynn’s ultra-luxury accommodations and amenities to offer a package better than ever before and create the greatest race weekend imaginable,” said Emily Prazer, chief commercial officer of the Nov. 18, 2023 race that is officially called, “Formula 1 Heineken Silver Las Vegas Grand Prix..

Here’s a summary of the deal, based on a Wynn Las Vegas release:

For each $1 million six-person package purchased, F1 and Wynn Las Vegas will make a donation of $100,000 to local philanthropic efforts.

Alan Snel

Alan Snel brings decades of sports-business reporting experience to LVSportsBiz.com. Snel covered the business side of sports for the South Florida (Fort Lauderdale) Sun-Sentinel, the Tampa Tribune and Las Vegas Review-Journal. As a city hall beat reporter, Snel also covered stadium deals in Denver and Seattle. In 2000, Snel launched a sport-business website for FoxSports.com called FoxSportsBiz.com. After reporting sports-business for the RJ, Snel wrote hard-hitting stories on the Raiders stadium for the Desert Companion magazine in Las Vegas and The Nevada Independent. Snel is also one of the top bicycle advocates in the country.

July 5, 2021

LVSPORTSBIZ.COM, launched June 2017: We are a digital magazine providing market-leading news, intelligence, enterprise and breaking info on Las Vegas’ sports/stadium industry. Our stories are quoted nationally and we set the sportsbiz news agenda in Las Vegas. Publisher Alan Snel has reported on the business of sports and stadiums in Denver, South Florida, Seattle and Tampa besides Las Vegas and is considered a national authority on the topic.

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To contact LVSportsBiz.com Publisher Alan Snel or buy his book, Bicycle Man: Life of Journeys, email him at asnel@LVSportsBiz.com

LVSportsBiz number for 2024: $1,178,161,041. That’s the amount of debt Las Vegas (actually, Clark County) owes for its public share of building the Raiders’ Allegiant Stadium.