Nine Months Before First Race, Hyped Las Vegas GP Ready to Take the Next Billion Dollar Step in F1 Relationship

Formula 1 to Las Vegas? The Red Bull, Ferrari, and McLaren zooming through the posh streets of this Nevada city? This was only a dream until a few years ago. The most premium form of motorsport having their show in the Sin City could have just been shrugged off even at the start of the last decade. However, it has happened, and it’s going to stay for long. With the latest developments, F1 is here to stay, at least for the next ten years, and hence hopes to add billions of dollars to the Las Vegas economy.

As quoted by Fox 5 Vegas, F1, and Liberty Media stated, “Our current agreement for an annual race extends through 2025. That said, Formula 1 and Liberty Media have invested in Las Vegas with the purchase of the 39 acres of land, building a 250,000 square foot paddock building, and philanthropic efforts to support the local community.”

“Making Las Vegas a permanent Grand Prix stop on the F1 calendar is our goal, and a 10-year approval provides us with the certainty that race weekend would be available on the calendar for the long term,” the statement further said. This means F1 is here to stay in Las Vegas until 2033, if the agreement is finalized.

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Just nine months to go before the 2023 Las Vegas Grand Prix takes place in one of the most famous cities across the globe. As the stakes are high regarding the inaugural race, the expectations are even higher after it stole the American spotlight recently. And to make it more startling, Liberty Media and F1 have decided to keep the much-anticipated race on the calendar for a longer period.

Haas boss believes Las Vegas GP is going to be the biggest show on Earth

Haas F1 team principal Guenther Steiner recently opened up on the upcoming Las Vegas GP. Long before the race commences, the American team boss has put his verdict on the race and it’s big. Calling it the “biggest show” on the planet, Steiner showered all praise on the upcoming event.

As per Planet F1, he said, “Obviously I cannot one hundred percent judge Las Vegas, but I think we know Las Vegas and we know our expectations. It is going to be the biggest show on Earth, ever.”

“I think it’s a very interesting sport and as much as you say that we have an American rookie driver and an American team, I think it will get more interesting for America as a nation in the future,” Steiner concluded.

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Biggest or not, the upcoming Las Vegas Grand Prix is surely the most anticipated event in the 2023 calendar. It’ll be interesting to see if the venue and event can live up to its expectations when it takes place on November 16-18 this year.