Las Vegas business owners want compensation from F1

Las Vegas business owners want compensation from F1

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A number of disgruntled Las Vegas business owners are seeking compensation from Formula 1, citing profit losses caused across 2023

Formula 1 returned to Las Vegas after 40 years, with a race that took place on the iconic Strip. The series invested a significant amount of money to prepare the city for the event, causing roadworks and disruptions. Some local business owners claimed that the negative impact outweighed the positive and demanded compensation for their losses. The community had been skeptical about the high cost and disruption caused by the event. Despite the initial issues and skepticism, the Grand Prix itself was entertaining, and F1 believes it generated an economic benefit of $1.2 billion for Nevada. F1 plans to continue in Las Vegas but must address the concerns of the local community to ensure a positive relationship.

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