The licensing fee charge is common practice for F1, as the company generates the majority of its revenue via licensing out its commercial rights, a race spokesperson told the Las Vegas Review-Journal. Race officials are charging clubs and restaurants $1,500 per person to host a viewing event, with a note stating establishments that don’t pay could have their views of the race obstructed. Baskow/Las Vegas Review-Journal) Vegas Grand Prix officials confirmed they are charging businesses along the Strip a licensing fee to host watch events for the inaugural race, citing it was standard practice for Formula One.
Racer George Russell turns doughnuts across from the Bellagio while racing down the Strip during the Formula One Las Vegas Grand Prix Fan Fest on Saturday, Nov.
