Las Vegas clubs claim F1 executives are demanding $1,500 per head for licensing rights

July 24, 2023
Leer en Español

Sources said Vegas venues could face blocks and barricades unless they pay up.

Formula One executives have threatened “to block views of the posh car race unless they fork over millions of dollars in fees,” according to a New York Post report.

The Post obtained a letter stating that the league is demanding that Las Vegas venues “pay $1,500 per head for licensing rights.”

The stipulation would qualify for all venues along the 3.8-mile circuit that will run through central Las Vegas. Billionaire John Malone’s Liberty Media Formula One sales reps have issued a warning, stating that if clubs and restaurants do not pay, "obstructions like barricades, stands and light stanchions could end up ruining the race for their customers,” one source told the Post.

For restaurant and club owners, the hefty fees could add up to millions, depending on their seating capacity.   

One frustrated casino owner shared with the Post, “They are literally shaking people down and saying they will obstruct views unless they pay them.

“It seems insane that they are asking money for a public event that is taking place in the streets.”

Another source claimed that the salespeople of Las Vegas Grand Prix CEO and Liberty Media’s Chief Legal Officer, Renee Wilm, have “threatened that lights will be shined toward the viewing areas of unlicensed venues, blinding guests trying to get a peek at the evening race.”

A source told the New York Post, “There is a real chance of obstructing views with stands and barricades. I know the hotels are upset about it and they are trying to figure out if they’ll play along.”

The Formula One Heineken Silver Las Vegas Grand Prix will take place on the Vegas Strip from November 16 to November 18.


Product Spotlight

Bragg Gaming Group

Bragg Gaming Group is a global content-driven iGaming technology provider, serving online and land-based gaming operators with its proprietary and exclusive content and cutting-edge technology.

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.