Diminishing Returns for Las Vegas F1
Not everything will be better about this year’s upcoming Las Vegas F1 race. While construction issues have been greatly reduced, and the process of preparing for the crowds has gone much more smoothly, the financial return for MGM Resorts and Caesars Entertainment is expected to be much less than the inaugural event. During quarterly earnings calls, executives from MGM and Caesars each expressed concerns about the financial returns for this years race to investors and analysts. With expectations of returns for the 2024 Las Vegas F1 race so negative, both companies are now projecting multi-million dollar declines. Despite this, both... The post Diminishing Returns for Las Vegas F1 appeared first on This Week in Gambling.
Not everything will be better about this year’s upcoming Las Vegas F1 race. While construction issues have been greatly reduced, and the process of preparing for the crowds has gone much more smoothly, the financial return for MGM Resorts and Caesars Entertainment is expected to be much less than the inaugural event. During quarterly earnings calls, executives from MGM and Caesars each expressed concerns about the financial returns for this years race to investors and analysts. With expectations of returns for the 2024 Las Vegas F1 race so negative, both companies are now projecting multi-million dollar declines. Despite this, both...
The post Diminishing Returns for Las Vegas F1 appeared first on This Week in Gambling.
