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Formula One Takes $500 Million Gamble on Las Vegas Grand Prix – Will It Pay Off?

, Formula One Takes $500 Million Gamble on Las Vegas Grand Prix – Will It Pay Off?

Formula One owners, Liberty Media, have made a bold move by investing $500 million in transforming the famous Las Vegas strip into a race track for this weekend's Grand Prix. The gamble is aimed at capitalizing on the sport's growing popularity in the US, fueled by the success of the Netflix series "Drive to Survive." However, there are concerns that the event may turn out to be a massive flop, with hundreds of seats and hotel rooms left unsold.

Concerns and Complaints

Locals in Las Vegas have voiced their discontent with the impact of the F1 race on the city. Temporary grandstands have obstructed views of famous landmarks, causing frustration among residents. There are also worries about the disruption caused by the race, as well as slow ticket sales due to high prices.

TV Focus

While ticket sales have been sluggish, the owners of Formula One seem to prioritize the TV audience over paying fans, much like other US sports. The race is scheduled for 10 pm local time on Saturday, which may not be convenient for the majority of the East coast audience, as they will likely be asleep by then. However, the event promises to be a spectacle under the lights, showcasing F1 cars racing past iconic buildings and landmarks.

All-In or Bust

The Las Vegas Grand Prix could be a make-or-break moment for Formula One in the city. Similar to the Miami GP earlier this season, the event may resemble more of a F1 tradeshow than a traditional race, with a focus on entertainment and spectacle. Just like the city's famous casinos, the race's success could hinge on an "all-in" approach.

, Formula One Takes $500 Million Gamble on Las Vegas Grand Prix – Will It Pay Off?

Weather and Track Details

The race in Las Vegas is expected to face chilly temperatures, possibly dropping as low as 5°C in the evening. If this happens, it would tie the record for the coldest ever F1 race held, which was set in the 1978 Canadian Grand Prix. The track itself is the second-longest on the calendar and is anticipated to be one of the fastest, with estimated top speeds reaching 212 mph.

Drive to Survive and Golf Competition

As part of the promotion for the Las Vegas Grand Prix, F1 stars will participate in a golf competition alongside PGA professionals. This marks the first live sport broadcast for Netflix, as they try to combine their successful "Drive to Survive" series with a similar golf documentary called "Full Swing."

Intense Battle in Moto GP

The Moto GP championship is heating up, with reigning champion Francesco Bagnaia and Prima Pramac Racing's Jorge Martin separated by just 14 points with two races remaining. Meanwhile, former champion Fabio Quartararo has accused the stewards of bias, claiming they penalize him unfairly. He voiced his frustration, stating that the stewards are not doing their job properly.

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