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That's certainly what ESPN executives thought, and they wanted to tie in Stevenson's fight against Edwin De Los Santos for the vacant WBC lightweight world championship with the opening night of the Formula One Las Vegas Grand Prix. It certainly makes sense from a programming standpoint, giving ESPN a Las Vegas lead-in as it promotes both events. Top Rank CEO Bob Arum told fighthype.com that's also why a fight will take place on the Thursday before the Super Bowl, which is Feb. 11 in Las Vegas. Top Rank president Todd duBoef said, however, other events such as the NFL draft in Las Vegas last year had other attractions tied to them that made the overall experience a success. That led to discussions about staging a fight night that could feed off the F1 publicity and even draw those in town primarily to see the race.

Persons: — Shakur Stevenson, That's, Edwin De Los Santos, Bob Arum, fighthype.com that's, I'm, ” Arum, Todd duBoef, ” duBoef, “, we've, duBoef, ” DuBoef, Stevenson, De Los Santos, Mexico’s Emanuel “ Vaquero, Brazil's Robson Conceição, Conceição Organizations: LAS VEGAS, ESPN, WBC, Las, Formula One, Mobile, Las Vegas, Super, WBO Locations: Las Vegas, Vegas, Newark , New Jersey, Dominican Republic

☆ GM plans F1 power unit supply to Andretti from 2028
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsNov 14 (Reuters) - General Motors has formally registered with Formula One's governing body to provide power units to a proposed Andretti Cadillac team from 2028, the U.S. carmaker announced on Tuesday. "We are thrilled that our new Andretti Cadillac F1 entry will be powered by a GM power unit," said GM President Mark Reuss in a statement issued ahead of this weekend's Las Vegas Grand Prix, one of three races in the United States. "With our deep engineering and racing expertise, we’re confident we'll develop a successful power unit for the series, and position Andretti Cadillac as a true works team. Formula One will have new engine regulations from 2026, with GM set to be the seventh manufacturer if Andretti secure approval. "Engineering a F1 power unit will advance GM’s expertise in areas including electrification, hybrid technology, sustainable fuels, high efficiency internal combustion engines, advanced controls and software systems," the carmaker said.

Persons: Rebecca Cook, Andretti, carmaker, Mark Reuss, Andretti Cadillac, Stefano Domenicali, Michael Andretti, Mario, Mercedes, Red Bull, Bruno Famin, We're, Alan Baldwin, Andrew Heavens Organizations: General Motors, REUTERS, Formula, Andretti Cadillac, FIA, Andretti, GM, Las Vegas, Formula One Management, U.S, Prix, Ferrari, Renault, Audi, Honda, Thomson Locations: Detroit , Michigan, U.S, United States, Austin, London

LAS VEGAS (AP) — General Motors said Tuesday it has registered with Formula One's governing body to become an engine supplier starting in 2028 in what is seen as a huge boost to Michael Andretti's bid to join the global motorsports series. “We are thrilled that our new Andretti Cadillac F1 entry will be powered by a GM power unit,” GM President Mark Reuss said. GM in January announced its partnership with Andretti Global under its Cadillac banner on Andretti's application to join F1. GM doesn't have its own F1 power unit and said its effort would be in conjunction with an existing manufacturer. If Andretti gets approved to join an expanded F1 grid, he would have to use another manufacturer's engine until 2028.

Persons: Motors, Michael Andretti's, Mark Reuss, Andretti Cadillac, Andretti, GM isn't, Ford, Red Bull, Honda, Colton Herta, Mario Andretti, Michael, Gene Haas, Haas, Kevin Magnussen, Nico Hulkenberg, Hulkenberg Organizations: LAS VEGAS, —, Formula, Andretti Cadillac, GM, Las Vegas, Prix, Andretti Global, GM doesn't, FIA, Audi, Sauber, Andretti, Associated Press, AP, Renault, IndyCar Locations: California, Denmark, Germany

The up-and-coming indie twang band Wednesday released a track called “Formula One” on their 2023 album. Glynn Wedgewood, COTA's senior vice president of music and entertainment, says the track first introduced live music performances with Elton John in 2015. “Artists in Residency can really help bridge that gap.”Tiësto, a lifelong F1 fan, released the album “Drive” in April, featuring an F1 racing helmet on the cover. The Vegas race is the most expensive event on this year’s calendar. The mastermind behind the “Barbie” soundtrack already knows there’s a big crossover between music fans and F1 fans.

Persons: George Harrison, Mario Andretti namecheck, Quest’s, ’, Red Bull, Sergio “ Checo ” Perez, will.i.am, J Balvin, John Legend, Keith Urban, Kylie Minogue, Glynn Wedgewood, COTA's, Elton John, Taylor Swift, COTA, Adam Lambert, ” Wedgewood, “ It's, ”, “ It’s, Stefano Domenicali, —, Lil Wayne, “ Let’s, J, he’s, “, Charles LeClerc, Lewis Hamilton, Christina Aguilera’s, Chloe, Aston Martin, Lance, “ I’ve, hasn’t, Mark Ronson, Barbie, Barbie ’ Organizations: ANGELES, One, Monaco, Las Vegas, U.S, Vegas, ESPN, One’s, Formula One, Prix, Marina, Circuit, “, Ferrari, Mobile Locations: ”, Americas, Austin , Texas, Miami, Wedgewood, Singapore, U.S, Florida, Vegas

LAS VEGAS (AP) — The famous fountains at the Bellagio won't be very visible this week amid the roar of Formula One racing on the Las Vegas Strip, and gondoliers won't be serenading tourists at the Venetian resort. They hope Las Vegas will join Monaco on the leader board of host cities for Grand Prix events around the world. Green remembered Las Vegas Boulevard casino-hotels including the Dunes, Barbary Coast, Frontier, Silver Slipper, Sands, Desert Inn and Stardust. Huge properties new to the resort corridor include Resorts World, which opened in 2021, and Fontainebleu Las Vegas, due to open next month. “I think what what is happening is Las Vegas is becoming the epicenter of the 'fun economy,'” Feldman said.

Persons: Michael Green, ”, Green, “, They’re, Joshua Guray, Charles Flexer, Clark, Jim Gibson, Gibson, it’s, ” Vanessa Anthes, Andrew Walsh, Walsh, Wynn, Evel Knievel, Alan Feldman, Bo Bernhard, ” Bernhard, ” Feldman, Ty O'Neil Organizations: LAS VEGAS, Bellagio, Las, gondoliers, University of Nevada, ”, Vegas, Monaco, Grand Prix, MGM Resorts International, selfies, Las Vegas, One Las Vegas, Police, NHL Vegas Golden Knights, WNBA Las Vegas Aces, NASCAR, Vegas Motor, NFL, Allegiant, Hollywood, Cosmopolitan, International, Seminole Tribe, Caesars, Villa, Caesars Palace, International Gaming Institute, UNLV, Tourism Council Locations: Las Vegas, Long Beach , California, Williamsport , Pennsylvania, Clark County, ” Clark, Vegas, Harrah’s, Flamingo, Horseshoe, Paris Las Vegas, Florida, Barbary Coast, Sands, Los Angeles

The new five-year agreement covers 5,000 employees at two Wynn Resorts properties and follows similar deals for 35,500 workers with rivals Caesars Entertainment (CZR.O) and MGM Resorts International (MGM.N) earlier this week. The deal with Wynn and the Culinary Workers and Bartenders Unions marks the end of negotiations between the unions and the largest casino operators in the city. Casino resort operators in Las Vegas have been earning record profits from a steady post-pandemic recovery. Visits to the city in September were 4% lower than in the same period in 2019, according to data from the Las Vegas Convention and Visitors Authority. The city will be hosting the Formula 1 Las Vegas Grand Prix this month and the Super Bowl, which is scheduled to take place in February.

Persons: Wynn, Daniel, Ananta Agarwal, Shivansh, Anil D'Silva, Arun Koyyur, Rod Nickel Organizations: Hospitality, Wynn Resorts, Caesars Entertainment, MGM Resorts International, Culinary Workers, Bartenders Unions, Hilton Worldwide, Hilton, Las, Vanderbilt University, Las Vegas Convention, Visitors Authority, Las Vegas, Thomson Locations: Las Vegas, United States, Bengaluru, Doyinsola, New York

☆ Wynn Resorts reaches deal with Las Vegas Unions hours before strike
▼ + stars: | 2023-11-10 | by ( Shivansh Tiwary | ) www.reuters.com time to read: +3 min

Nov 10 (Reuters) - Hospitality workers in Las Vegas reached a tentative labor deal with Wynn Resorts (WYNN.O) hours before a strike, their unions said on Friday, ending a strike threat against major casino operators that could have crippled tourist operations in the city. Casino resort operators in Las Vegas have been earning record profits from a steady post-pandemic recovery in tourism. It also averts the threat of a major disruption to popular events expected to draw thousands of visitors to the tourist-driven economy of Las Vegas. The city will be hosting the Formula 1 Las Vegas Grand Prix this month and the 58th Super Bowl, which is scheduled to take place in February 2024. Visits to the city in September were 4% lower than in the same period in 2019, according to data from the Las Vegas Convention and Visitors Authority.

Persons: Wynn, Ananta Agarwal, Shivansh, Anil D'Silva, Arun Koyyur Organizations: Hospitality, Wynn Resorts, Caesars Entertainment, MGM Resorts International, Culinary Workers, Bartenders Unions, Hilton Worldwide, Hilton, Detroit Three, Hollywood, Wynn, Las, Las Vegas, Las Vegas Convention, Visitors Authority, Thomson Locations: Las Vegas, United States, Bengaluru, Doyinsola, New York

☆ Las Vegas unions end strike threat after reaching labor deal with Wynn Resorts
▼ + stars: | 2023-11-10 | by ( Shivansh Tiwary | ) www.reuters.com time to read: +2 min

Nov 10 (Reuters) - Hospitality workers in Las Vegas reached a tentative labor deal with Wynn Resorts <WYNN.O>, their union said on Friday, ending the threat of a strike against major casino operators that could have crippled tourist operations in the city. Casino resort operators in Las Vegas have been earning record profits from a steady post-pandemic recovery in tourism. The city will be hosting the Formula 1 Las Vegas Grand Prix this month and the 58th Super Bowl, which is scheduled to take place in February 2024. Visits to the city in September were 4% lower than in the same period in 2019, according to data from the Las Vegas Convention and Visitors Authority. "We are very pleased that we were able to reach an agreement," Wynn said in a Friday statement, adding that it was looking forward to a ratification of its tentative agreement soon.

Persons: Wynn, Ananta Agarwal, Shivansh, Arun Koyyur, Anil D'Silva Organizations: Hospitality, Wynn Resorts, Wynn, Caesars Entertainment, MGM Resorts International, Auto, Detroit, Hollywood, Las, Las Vegas, Las Vegas Convention, Visitors Authority, Thomson Locations: Las Vegas, United States, Bengaluru, Doyinsola, New York

☆ After Averting a Hotel Strike, Las Vegas Still Has a Lot of Work to Do
▼ + stars: | 2023-11-10 | by ( Kurtis Lee | More About Kurtis Lee | ) www.nytimes.com time to read: +1 min

The final agreement, with Wynn Resorts, came early on Friday, a few hours before the strike deadline. The deal, when ratified, would provide “outstanding benefits and overall compensation to our employees,” Wynn said in a statement. A strike loomed as a major disruption to a series of big events, starting with the Las Vegas Grand Prix, a Formula 1 auto race along The Strip that is expected to draw hundreds of thousands of visitors late next week. Along with the Formula 1 race, Las Vegas is the site of the National Finals Rodeo in December and the Super Bowl in February. Bill Hornbuckle, the chief executive of MGM, said in a Wednesday earnings call that his company had sold more than 10,000 tickets to the Grand Prix and expected to bring in $60 million in extra hotel revenue in the days ahead.

Persons: ” Wynn, Bill Hornbuckle Organizations: Wynn Resorts, Las Vegas, Vegas, —, Bowl, MGM, Prix Locations: Nevada, Vegas

Casino resort operators have been earning record profits from a steady post-pandemic recovery in Las Vegas tourism. Caesars Entertainment (CZR.O), the second-biggest Las Vegas casino operator by number of employees, said the deal provides "meaningful wage increases" and aligns with plans to bring more union jobs to the Strip. Visits to the city in September were 4% lower than in the same period in 2019, according to data from the Las Vegas Convention and Visitors Authority. The city is gearing up for events including the Formula 1 Las Vegas Grand Prix this month, which is expected to draw thousands of tourists. TALKS WITH MGM, WYNN CONTINUETalks with casino operators MGM Resorts International (MGM.N) and Wynn Resorts (WYNN.O) are yet to yield an agreement ahead of Friday's deadline for a strike.

Persons: Steve Marcus, Ted Pappageorge, we've, Pappageorge, Erik Gordon, Daniel Busby, WYNN, William Hornbuckle, Wynn, Barry Jonas, Jonas, Shivansh Tiwary, Ananta Agarwal, Rod Nickel, Stephen Coates Organizations: Caesars Entertainment Corp, REUTERS, Las Vegas Sun, Caesars Entertainment, Culinary Workers, Bartenders Unions, Culinary Union, Las, housekeepers, Las Vegas Convention, Visitors Authority, Las Vegas, Companies, University of Michigan, Paris Las Vegas, Caesars, MGM, MGM Resorts International, Wynn Resorts, Wynn, Vegas . Caesars, Thomson Locations: Las Vegas , Nevada, Las Vegas, Vegas, United States, Vegas ., Bengaluru, Doyinsola, New York

LAS VEGAS (AP) — MGM Resorts International, the largest employer on the Las Vegas Strip, was close to reaching a tentative deal with the hotel workers union, the casino company’s CEO said as the clock ticked closer to a union deadline for a sweeping strike. “This deal, when announced, will do just that.”During a break in bargaining, the union’s chief contract negotiator said he welcomed Hornbuckle’s sentiments. The union caught a break at dawn Wednesday when it reached a tentative deal with Caesars that covers 10,000 workers at the company’s flagship Caesars Palace, as well as Flamingo, Harrah’s, Horseshoe, Paris Las Vegas, Planet Hollywood, Cromwell and Linq. But experts say a walkout isn’t likely now that the union has a blueprint for a contract after reaching its breakthrough deal with Caesars. That includes walkouts in Hollywood, UPS’ contentious negotiations that threatened to disrupt the nation’s supply chain, and the ongoing hotel workers strike at Detroit’s three casinos, including MGM Grand Detroit.

Persons: Bill Hornbuckle, ” Hornbuckle, “, Ted Pappageorge, Cromwell, Linq, Joshua Guray, Guray, ”, Bill Werner, Tiffany Thomas, Bethany Khan, hasn’t, Khan, ” Khan Organizations: LAS VEGAS, MGM Resorts International, Las, Culinary Workers Union, MGM Resorts, Caesars Entertainment, Wynn Resorts, Caesars, Associated Press, University of Nevada, MGM Grand Detroit, Las Vegas, MGM, Wynn, Workers Locations: Harrah’s, Horseshoe, Paris Las Vegas, Las Vegas, Los Angeles, Hollywood, Luxor, Mandalay Bay, New York

Casino-resort operators have been earning record profits from a steady post-pandemic recovery in tourism to Las Vegas. Visits to the city in August were just 7% lower than in the same period in 2019, according to the Las Vegas Convention and Visitors Authority. The city is also gearing up for major events including the Formula 1 Las Vegas Grand Prix this month, which is expected to draw more than 100,000 tourists. TALKS WITH MGM, WYNN CONTINUETalks with operators MGM Resorts International (MGM.N) and Wynn Resorts (WYNN.O) are yet to yield an agreement ahead of the Nov. 10 deadline for a strike. Caesars shares were up about 3% in early trading, while MGM and Wynn Resorts rose 1.6% and 0.5%, respectively.

Persons: Steve Marcus, Erik Gordon, WYNN, Barry Jonas, Shivansh Tiwary, Ananta Agarwal, Sriraj Kalluvila, Arun Koyyur Organizations: Caesars Entertainment Corp, REUTERS, Las Vegas Sun, Caesars Entertainment, Culinary Workers, Bartenders Unions, Las, housekeepers, Las Vegas Convention, Visitors Authority, Las Vegas, Companies, University of Michigan, MGM, MGM Resorts International, Wynn Resorts, Wynn, Caesars, Thomson Locations: Las Vegas , Nevada, Las Vegas, Vegas, United States, Bengaluru

LAS VEGAS (AP) — The labor union representing tens of thousands of Las Vegas hospitality workers announced Wednesday that it had reached a tentative deal with casino giant Caesars Entertainment, a major breakthrough that could help avert an unprecedented strike at more than a dozen hotel-casinos on the Las Vegas Strip. A walkout could still happen if deals aren't reached by 5 a.m. Friday with MGM Resorts International and Wynn Resorts. Negotiations with MGM Resorts were scheduled for Wednesday and Wynn Resorts on Thursday. It would also follow hospitality workers walking off the job last month at Detroit’s three casinos, including MGM Grand Detroit. That includes the Bellagio, Paris Las Vegas and MGM Grand.

Persons: aren't, “, Bethany Khan, ”, Leslie Lilla, ” Leain, Cindy Hiatt, Michelle Shirley, ” Hiatt, Khan, hasn't Organizations: LAS VEGAS, Caesars Entertainment, Las, Culinary Workers, MGM Resorts International, Wynn Resorts, Caesars, Culinary Union, MGM Resorts, UniteHere Team, UPS, MGM Grand Detroit, Bellagio, Las Vegas, Paris Las Vegas, MGM, Wynn, Park MGM, Paris Las, Associated Press Locations: Vegas, Las Vegas, Hollywood, America, Paris, Luxor, Mandalay Bay , New York, New York, Paris Las Vegas, Missouri

☆ Why Now Is Suddenly a Bad Time to Visit Las Vegas
▼ + stars: | 2023-11-06 | by ( Jacob Passy | ) www.wsj.com time to read: 1 min

Extensive road work to prepare for the Las Vegas Grand Prix has snarled traffic on the famed Strip for months. Photo: Matthew Ashton — AMA/Getty ImagesLAS VEGAS—Braving traffic on the Strip might be the riskiest bet a person can make in Sin City these days. Las Vegas is gearing up to host the Formula One Grand Prix in mid-November, which will feature cars hurtling down Las Vegas Boulevard past some of the city’s most famous casinos. Construction work to repave roads and build grandstands and stanchions has taken place over several months.

Persons: Matthew Ashton — Organizations: Las Vegas, Getty, LAS Locations: Sin City, Vegas, Las

☆ Las Vegas casino, hotel workers set strike deadline after talks stall
▼ + stars: | 2023-11-02 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +2 min

An exterior view of MGM Grand hotel and casino, after MGM Resorts shut down some computer systems due to a cyber attack in Las Vegas, Nevada, U.S., September 13, 2023. The Las Vegas unions, considered among the most powerful in the country, are demanding higher wages, stronger protections against new technology that may threaten jobs, a reduction in steep quotas for housekeepers and improved safety for workers. "Economically, the companies have made some movement but we are millions of dollars apart," Ted Pappageorge, Culinary Union Secretary-Treasurer told reporters on a call. The city is gearing up for major events in November including the Formula 1 Las Vegas Grand Prix which is expected to bring more than 100,000 tourists to the city. The union said no additional big table negotiations are currently scheduled with the three casino operators, including Caesars.

Persons: Bridget Bennett, Ted Pappageorge, Wynn, Thomas Reeg, Reeg, Doyinsola Oladipo, David Gregorio Our Organizations: MGM, MGM Resorts, REUTERS, MGM Resorts International, Caesars Entertainment, Wynn Resorts, Culinary Workers, Bartenders Unions, Las, housekeepers, Culinary Union, Caesars, Las Vegas, Thomson Locations: Las Vegas , Nevada, U.S, Las Vegas, New York

Formula One fanatics will get more behind-the-scenes access to the global motorsports series through a new CNBC documentary that explores the business aspects of the highest form of racing in the world. The documentary “Inside Track: The Business of Formula 1 " will debut Nov. 16 on CNBC ahead of the inaugural Las Vegas Grand Prix. The Las Vegas race is a third stop in the United States this season as F1 has expanded through North America behind a burst of popularity sparked by Netflix's own docudrama on the series. The program also examines the fan experience with a look at the Las Vegas Grand Prix, which is expected to be the most expensive event for spectators on this year's F1 schedule. Eisen also interviews F1 Academy managing director Susie Wolff with a focus on female drivers.

Persons: Netflix's, Sara Eisen, ”, Eisen, ” Eisen, Greg Maffei, Stefano Domenicali, Red Bull, Haas, Lewis Hamilton, Kevin Magnussen, Nico Hulkenberg, Susie Wolff Organizations: CNBC, Las Vegas, North America, Netflix, Liberty Media, Liberty, McLaren, F1 Locations: Vegas, United States, North, America

☆ Sports programming still dominates TV, and Netflix is leaning more into it
▼ + stars: | 2023-10-18 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Whether it's streaming or traditional TV, sports keep audiences coming back to their screens — and Netflix is working on getting more into the game. Netflix announced it would broadcast "The Netflix Cup" live, a matchup between athletes that appeared in the Formula 1 docuseries and the golf series "Full Swing." Even though customers are fleeing traditional TV, from the cable-TV bundle to broadcast, those that stick around often do so for the live sports. That showed in September, when the return of the National Football League and college football seasons propelled both broadcast and cable-TV viewership. It has been a gradual move toward both sports and live streaming — Netflix had technical issues when it aired the finale of reality show "Love is Blind" earlier this year — but one the streamer appears ready to make.

Persons: Max, NBCUniversal's Peacock Organizations: Netflix, Sports, Heineken Silver Las Vegas, National Football League, Nielsen, ESPN, Warner Bros, Disney, NFL, NBC, CNBC Locations: Las Vegas

☆ Thousands of Las Vegas hospitality workers to picket MGM, Caesars casinos
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +1 min

The New York-New York hotel and casino, an MGM Resorts casino, is seen in Las Vegas, Nevada, September 13, 2023. REUTERS/Bridget Bennett/File Photo Acquire Licensing RightsOct 9 (Reuters) - The unions representing hospitality workers in Las Vegas on Monday said thousands of workers will picket MGM Resorts (MGM.N) and Caesars Entertainment (CZR.O) casinos on the Las Vegas strip. The unions in Las Vegas are considered among the most powerful in the industry, and are pressing for better wages after many workers lost their jobs during the pandemic. Members of culinary and bartenders unions will picket on the strip in front of eight MGM Resorts and Caesars casinos. The unions met last week with MGM, Caesars and Wynn - the three largest private employers - in Las Vegas after 95% of its members voted at the end of September to authorize a citywide strike.

Persons: Bridget Bennett, Shivansh, Maju Samuel Organizations: MGM Resorts, REUTERS, Caesars Entertainment, Las Vegas, Caesars, MGM, Wynn, Thomson Locations: York, New York, Las Vegas , Nevada, Las Vegas, Vegas, Bengaluru

☆ Stocks making the biggest moves midday: Pioneer Natural Resources, MGM Resorts, Levi Strauss and more
▼ + stars: | 2023-10-06 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Levi Strauss — Shares slid 0.8% after the denim apparel maker cut its full-year sales forecast. Late Thursday, Levi posted fiscal third-quarter revenue that missed expectations, and it cut its full-year sales guidance again. MGM Resorts — The resort and casino operator rose 4.9% after offering an update on a cybersecurity issue experienced last month. Liberty Media Formula One — Shares of the motorsports stock advanced 3.6% following an upgrade to buy from neutral by Citi. Frontdoor — The home repair company's shares climbed 4.4% on the back of a Truist upgrade to buy from hold.

Persons: Tesla, Levi Strauss —, Levi, Aehr, FactSet, Truist, — CNBC's Pia Singh, Yun Li, Michelle Fox, Samantha Subin Organizations: Resources, Street Journal, Exxon Mobil, Exxon, stoke, MGM Resorts, MGM, CNBC, Securities and Exchange Commission, Philips —, U.S . Food, Drug Administration, Philips, FDA, Pharmaceuticals, JPMorgan, Jefferies, Liberty Media, Citi, Las Vegas, UBS, AES Locations: Virginia, U.S

☆ Formula One gets upgraded by Citi, which says concerns around Las Vegas race are 'overblown'
▼ + stars: | 2023-10-06 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Citi thinks it's time to to buy shares of Liberty Media Formula One . The investment bank upgraded shares of Formula One Group to buy from neutral, maintaining its $71 price target. It's been a highly volatile year for shares of Formula One, which are overall up 17.7% in that time. "Ultimately, we are not overly concerned by the extra capex, as the Vegas event could help drive U.S. engagement by bolstering media rights revenue." "We view the relative risk-reward associated Apple's prospective interest in F1's global media rights as attractive at prevailing levels."

Persons: It's, Jason Bazinet, Bazinet, TKO's, Michael Bloom Organizations: Citi, Liberty Media, Formula One, Formula, Las Vegas, Apple, Prix, One's

LAS VEGAS (AP) — A worker who died during the weekend of an injury received at a temporary Formula One Las Vegas Grand Prix grandstand construction site at the Bellagio resort fountains was identified Monday by authorities. The death of Tizoc Antonio, 37, of Las Vegas, was accidental, the Clark County coroner’s office said. Las Vegas police reported Saturday the worker was pronounced dead at University Medical Center after receiving what was described as a “severe laceration” on his neck. Political Cartoons View All 1179 ImagesThe Las Vegas Review-Journal reported that tickets were priced at more than $11,000 per person for the spectator space in front of the Bellagio. Representatives with Bellagio casino operator MGM Resorts International and the Las Vegas Grand Prix did not respond Monday to email and telephone requests for comment.

Persons: Tizoc Antonio, Teri Williams, ” Organizations: LAS VEGAS, Las, Nevada Occupational Safety, Health, Vegas, University Medical, Bellagio, One, Bellagio ., MGM Resorts International, Las Vegas Locations: Bellagio, Las Vegas, Clark County, Nevada, Vegas

☆ The MGM Sphere in Las Vegas is a futuristic concert venue with the world’s biggest LED screen
▼ + stars: | 2023-07-05 | by ( Brandon Griggs | ) edition.cnn.com time to read: +5 min

CNN —It squats on the Las Vegas skyline like an enormous spaceship, black and mysterious – until night falls, when it will glow like the Earth from space. The MSG Sphere at The Venetian is pictured on March 20, 2023, in Las Vegas. The globe seats almost 18,000 people, sits one long block east of the fabled Las Vegas Strip and will be connected by a pedestrian walkway to the Venetian resort complex. But Sphere’s main draw may be as a venue for live music – especially the marquee residencies for which Vegas is known. An artist's rendering of the audience bowl inside Sphere, with undersea imagery projected on its wraparound LED screen.

Persons: It’s, ”, Bizuayehu, Rich Claffey, “ I’ve, I’ve, I’m, Darren Aronofsky, They’re, Bono, … ”, you’re, ” Claffey Organizations: CNN, Eiffel, Western, Apple, Las Vegas, Bellagio, Allegiant, ” Locations: Vegas, Las Vegas, New York City

[1/3] Las Vegas Grand Prix, Inc. CEO Renee Wilm and Terry Miller of Miller Project Management give a tour of the Las Vegas Grand Prix paddock construction site, in Paradise, Nevada, U.S., March 3, 2023. "We think this is going to the biggest sports and entertainment event of the year," Renee Wilm, the CEO of the Las Vegas Grand Prix, told Reuters. "There is no better way for Las Vegas to draw the attention of our international customers than through Formula One," Steve Hill, CEO of Las Vegas Convention and Visitors Authority, told Reuters. JUST THE BEGINNINGAnd the Las Vegas sports bonanza won't stop at the F1 finish line. Reporting by Rory Carroll in Las Vegas Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

☆ Don't make this common career mistake in your 20s, says the CEO of Hilton
▼ + stars: | 2023-01-31 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

The job taught Nassetta, the 60-year-old CEO of Hilton Worldwide — a multinational hospitality company with a $38.86 billion market capitalization, as of Tuesday morning — more than just how hotels operate, he says. "Young people have so much access and information to knowledge, but you don't want to confuse that with experience." In contrast, some of his friends spent their 20s and 30s rising through the career ranks to powerful positions — and quickly flaming out, he says. On finding help in unexpected places: 'To this day ... you just don't know what you don't know'I like to think I work hard, I'm well educated, I'm reasonably smart. But even to this day, and certainly when I was in my 20s and 30s trying to figure things out, you just don't know what you don't know.

☆ Truist upgrades MGM Resorts, says strong 2023 Las Vegas Strip calendar can boost stock more than 30%
▼ + stars: | 2022-12-05 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

MGM Resorts could be in for a big rally in the new year thanks to a jam-packed events calendar on the Las Vegas Strip, according to Truist. This event was held in Las Vegas last year, but Jones noted that comps will be easy to beat as the omicron Covid variant breakout hindered turnout. Other events slated to take place on the strip include the Formula 1 Las Vegas Grand Prix in the third quarter and the electric Daisy Carnival in the second quarter. Attendance to the former is expected around 170,000, while turnout for the latter is forecast at more than 400,000, Truist said. Still, he thinks that "the number and quality of events planned for Vegas should drive relative outperformance."

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