The major risk F1's $500m Las Vegas gamble represents
www.the-race.com
Formula 1 hopes that taking its Las Vegas GP through the heart of the city's 'strip' will help supercharge its growth, particularly in the US. To do that, though, it's had to rip up its business model and invest heavily - perhaps to the tune of $500million
  • Derpin420@lemmy.worldEnglish
    81·
    8 months ago

    It’s already failing. They got greedy and people are lashing out. Don’t see it lasting more than 3 years

  • _ed@sopuli.xyzEnglish
    2·
    8 months ago

    All for seeing them new things. No putting my money on decent racing though.

  • j4k3@lemmy.worldEnglish
    11·
    8 months ago

    California’s car culture is pretty much dead now. I don’t see a ton of people going to Vegas for this annually; maybe once. With most of mod culture killed, the average potential enthusiast is missing from the equation IMO, as such a person that has built hotrods, painted professionally, did custom graphics, and worked in a few machine shops porting heads and building motors. Vegas is mostly driven by SoCal. There are still some enthusiast holdouts, but not enough to fuel the thriving culture and businesses of decades past.