The November figures also will be important as a baseline looking ahead. The public hopes that analysis will include losses suffered by local small businesses and restaurants in addition to the profits generated for Strip resorts.

The Clark County Commission has promised to analyze the costs-benefits figures for F1 and report them publicly.

I suggested 15-20 percent higher than normal for the average daily room rate and 5 percent higher on gaming win. Over lunch, an analyst friend of mine and I made our guesses as to how high they would be. It’s a good bet that numbers are going to be higher than a typical November - but how much higher? (The Strat) and locals companies Red Rock Resorts Inc. and MGM Resorts International, the biggest Strip players, although it’s possible we also would get some insights from Bally’s Corp. Most eyes and ears will be on earnings calls from Caesars Entertainment Inc. The reports are expected to quantify some of the financial aspects of the event, possibly swaying opinion on F1’s long-term viability.ĭeeper dives into financial results will come in late January and early February when publicly traded companies release their fourth-quarter earnings reports. Anecdotally, resort operators have been crowing about the success of the city’s first F1 event to use the bulk of the Strip. The reports expected to be released by around midweek are highly anticipated because they’re for the month of November - the month during which the Formula One Las Vegas Grand Prix blasted into town. Separately, the Clark County Department of Aviation reports its own monthly passenger numbers, figures that are included in the LVCVA report. Its report includes the categories of occupancy rates and average daily room rates for Strip and downtown hotels. (Ellen Schmidt/Las Vegas Review-Journal) of the reports we have been waiting to see for months arrive this week.Īt the end of every month, the Nevada Gaming Control Board releases gaming win statistics that usually are telling about gambling trends statewide and in Southern Nevada submarkets.Ī few hours after the Control Board’s statistics are released, the Las Vegas Convention and Visitors Authority reports its visitation numbers for the month. A fan uses binoculars to view the Formula One Las Vegas Grand Prix auto race on Sunday, Nov.

Is valley view casino 18 and up