Liberty Media admits that the costs associated with Formula 1's Las Vegas Grand Prix have risen, but insists that the event is set to be a financial success.
The race is the first to be promoted and organised by Liberty and the F1 organisation, with the support of the city authorities and the main casino organisations.
“Despite inflationary cost pressures, we expect no change in revenue and profitability assumptions that we laid out previously. We are increasing CapEx estimates for the paddock building and track work. “We have also invested in security enhancements and expenses incurred to ensure the quality of the fan experience with infrastructure changes to improve sightlines.
“A lot of this was driven by the requests and quite honestly requirements of the local stakeholders as we began this process of preparing the track for actual usage.
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