Vegas F1 VIP Packages To Generate Over $1 Million

It has been announced that the Formula One (F1) Heineken Silver Las Vegas Grand Prix, may generate over US$1 million (AUD $1.5 million) for the three-day November event, based on its VIP packages.

Over 300,000 fans are expected to attend the race and the 3.8-mile racetrack swerves between the casinos and the hotels of the Las Vegas strip to accommodate several VIP viewing areas.

The average ticket price is US$7,000 (AUD$10,000) and the small batch of tickets that were made available last November sold out within 45 minutes of going on sale.

Additional tickets (except for the $15,000-a-person tickets to the sold-out Paddock Club) will be available to fans starting March 20.

The next round of sales includes private suites and several VIP packages that range between $2,500 and $10,000 per ticket.

To elevate the experience of this event, MGM Resorts International and the Bellagio are building grandstands atop the Bellagio Lake, the strip’s iconic fountain and the Chinese hotel chain Resort World’s 888 Experience is offering a three-night stay in the hotel’s palace suites and deluxe rooms, $20,000 in promo chips and two custom tailoring and styling services.

One of the founding partners of the race, Wynn Hotel, is offering a $1 million Wynn Grid Club package for six people, including a four-night stay in the Encore Three Bedroom Duplex, unlimited Dom Perignon and caviar, dining in Delilah restaurant, spa treatments and exclusive access to the racetrack.

The announcement comes after F1 announced a multi-year partnership extension, granting ESPN broadcast rights through 2025.