MGM CEO Says Some Formula 1 Tickets Are Going To Customers
Get ready for an adrenaline-pumping race weekend in Las Vegas. But, adrenaline isn’t the only thing that’s going up. The Formula 1 race will also bring in $1.3 billion to the city.
Company CEO, Bill Hornbuckle, was speaking on a quarterly earnings call and spilled some exciting news on Wednesday, revealing that a whopping 70% of ticket inventory for the Las Vegas Grand Prix is already snapped up, according to KSNV.
And here’s the cool part — Hornbuckle adds that some of those tickets are going to MGM’s gaming customers! It sound like Formula 1 is set to make history as the biggest casino event for the company. Talk about revving up the excitement!
Mark your calendars for the Las Vegas Grand Prix on Nov. 16-18. It’s going to be an epic racing extravaganza you won’t want to miss.
F1 Isn’t The Only Boost To Our Economy
But that’s not all! Hornbuckle also teased about Super Bowl weekend, hinting at stronger sales rates already with three-to-four times higher room rates. Super Bowl LVIII is slated for Sunday, Feb. 11, at none other than the legendary Allegiant Stadium.
Speaking of exciting developments, let’s talk baseball! The Oakland Athletics are planning to build a new ballpark, and guess where? Right on the current site of the Tropicana, which sits right across the street from three awesome MGM properties, according to CBS Sports.
Is MGM Resorts exploring any reinvestment opportunities on the south end of the Las Vegas Strip? Hornbuckle seemed to give a little sneak peek into the future, hinting at some exciting work at the MGM Grand, KSNV reports. You see, MGM Grand is turning 30, and Hornbuckle thinks it’s time for some love and attention. They want to improve connectivity and work on the front end of the fabulous property. So it sounds like some amazing upgrades are being considered!
With all these exciting plans in the works, it looks like MGM Resorts is setting the stage for unforgettable experiences in Las Vegas. So, download that BetMGM app, and get ready for all the incredible sporting events in the near future!