04/01/2024
I’ve worked for 40 years in some part of the financial sector. Every analyst I know called the F1 “problematic” for long term success and sustainability. It broke all the long standing rules as to why Las Vegas is a unique but successful niche market.
As I watched it move forward, I knew it was going to be an economic disaster for all the small businesses and retailers that depend on that niche: that there is something for everyone.
The big casinos don’t want the average person anymore. They don’t want the locals. Sports stadiums are being built on the public’s chit, but not for their local use. They overcharge for everything. They obviously only want the top 10% to vacation here. Well they are competing with thousands of other places that only want the very well to do. F1 is just the latest gouge before we break it scheme. It’s not a sustainable gameplay.