F1 Grand Prix Disrupts Las Vegas Shows for Second Year, Costing Millions
The F1 Las Vegas Grand Prix is causing significant financial losses for Las Vegas entertainment venues for the second consecutive year, particularly affecting production shows along the Strip.
Unlike other major events, F1's use of the Las Vegas Strip as a racetrack severely restricts access to resorts and entertainment venues, leading many shows to suspend operations during race week.
Major cancellations include:
- All Cirque du Soleil shows ("Mystere," "O," "KA," "Michael Jackson ONE," "Mad Apple")
- Shin Lim's magic show
- "Awakening" at Wynn
- Carrot Top's comedy show
- "Fantasy" burlesque revue
- "Menopause The Musical"
- All V Theater productions
- Spiegelworld's "Atomic Saloon Show" and "DiscoShow"
Carrot Top runs after race car
Only David Copperfield and Adele will perform during the race weekend, with Adele concluding her 100-show residency on Saturday.
Financial Impact:
- Spiegelworld reported $500,000 in losses during last year's F1 event
- With Cirque du Soleil's capacity of up to 9,000 per show, total entertainment revenue losses likely reach tens of millions
- Show producers, unlike resorts benefiting from increased room rates, have no offsetting revenue
While some businesses have sued F1 over revenue losses, including Ellis Island and Ferraro's, entertainment producers have not yet pursued legal action. F1 has not implemented any compensation program for affected businesses, likely due to the potential volume of claims.