MGM Resorts Extends Founding Partner Sponsorship With F1 Las Vegas Grand Prix Through 2030
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Shop at Jay’s Market at 190 East Flamingo Road at the Koval Lane intersection east of the Strip.
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Story by Alan Snel Photos by Hugh Byrne
LAS VEGAS, Nevada — The Las Vegas Grand Prix and MGM Resorts International said their founding partner race deal was extended to 2030 — an obvious clue that the F1 race is here to stay for a while in Las Vegas.
Technically speaking under the extended sponsorship, MGM Resorts International is an F1 Las Vegas Grand Prix founding partner. The announcement of the sponsorship extension came this week as race-related work was taking place in front of the Bellagio, one of MGM Resorts’ properties on the Strip.
The Bellagio Fountain Club will once again be built at the Bellagio’s famed fountains to give high-end big spenders and guests with comped tickets a good look at the race cars zipping along the Strip. It’s on the 3.8-mile track circuit at the race event Nov. 20-22. It’s Year 3 for the controversial road race that has divided people in Las Vegas. Many residents and Strip workers said the race event causes business disruptions, access issues and traffic problems, while the big hotels on the race circuit economically benefit on a race weekend during a time of the year when tourism is typically down.
LVSportsBiz.com was at the Bellagio Wednesday to document the race event work:
F1 has settled nearly all the lawsuits brought by businesses that asserted in the legal documents that the race cost them millions of dollars in revenues. A lawsuit filed by Ferraro’s Ristorante on Paradise Road is the sole legal action still active against F1.
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