Las Vegas Casino Dealers Were the Big Winners During the Grand Prix

Article by : Erik Gibbs Nov 23, 2023

• 
• 

The Formula 1 Las Vegas Grand Prix faced several challenges. These included the removal of trees along the Las Vegas strip, a racecourse that would take up to 8 weeks to disassemble and the cancellation of Friday night’s practice session due to a loose manhole cover that dislodged because it wasn’t properly welded down.

Despite the challenges faced, the race on Saturday night and Sunday morning proved to be thrilling. Max Verstappen claimed a spectacular victory, and Lewis Hamilton remarked that it was superior to most tracks they usually visit, drawing a comparison to Baku but expressing that Las Vegas was even better.

The extensive construction and transformation of the Las Vegas Strip, causing traffic congestion and inconveniences, impacted the residents.

However, according to insider and influencer Paul Contino, the casino dealers, particularly those at the Wynn Casino, reaped substantial rewards in tips during the F1 weekend.

Initially, Contino reported that 350 dealers at the Wynn Casino collectively received $990,000 in tips in a single day, with a significant portion, $400,000, allegedly coming from a single high roller who had an unfavorable gambling experience.

In a subsequent video, Contino clarified that each Wynn Casino dealer took home $2,000 for their 12-hour shift. Comparatively, on a typical Saturday night, Wynn Casino dealers usually earn around $350-$400.

This record-setting weekend marked the highest earnings for Wynn Casino dealers in the 18-year history of the casino, as reported by Las Vegas Locally.

The City of Las Vegas also experienced the benefit of holding the single most important racing event in the world. Narrators observed a multitude of private jets below, indicating the substantial influx of money during the F1 Grand Prix weekend.

Formula 1 and its proprietor Liberty Media, which made a substantial investment in a $500 million contract to host the global motorsports series in Las Vegas for an annual event spanning the next 10 years, are betting big on Sin City and F1.

The renowned Las Vegas Strip integrated into the racing circuit, necessitating approximately $80 million in roadwork expenses, half of which Formula 1 sought from Clark County.

The CEO of Liberty Media informed various sources that the event was anticipated to generate over $1 billion for the local economy. Caesars Entertainment surpassed its F1 betting record for the race just days before the event.