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Stock impact report

Why F1's Las Vegas Grand Prix will be 'bigger and better' than last year [Yahoo! Finance]

Liberty Media Corporation - Series A Liberty Braves (BATRA) 
US:NASDAQ Investor Relations: ir.libertymedia.com/stock-information
Company Research Source: Yahoo! Finance
Last year's race was plagued by complaining residents and businesses over traffic, city obstructions, and a race track that damaged Carlos Sainz's Ferrari when a manhole came loose, requiring a very expensive repair. Nonetheless, the actual race was quite exciting, and screaming F1 race cars created the look and feel that Las Vegas, and F1 owner Liberty Media, hoped to create. With a more tightly contested championship among drivers and teams at the top this year, the anticipation is growing. Liberty Media's ( FWONK ) gamble on the US, and in particular Vegas, where Liberty has spent a whopping $600 million to develop for a 10-year race deal, appears worth taking. While experts predict this year's race will pull in slightly less than the $500 million or so in revenue for Formula 1 and the $1.5 billion in Las Vegas economic impact achieved in last year's race, the contest and its weeklong festivities will still be a boon for all those involved. The 300,000 or so attendees expe Show less Read more
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