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Formula 1 Las Vegas Megathread Formula 1 Las Vegas Megathread

11-11-2023 , 06:52 PM
Quote:
Originally Posted by Gzesh
Care to place a wager on it, JJ ?

Try Linked In, it's pretty public.

If you prefer, let's place a bet first and everything I posted is easily verifiable from public records .
And in your long history on 2+2 you have presented yourself involved with practicing law…. Now you have switched to a long career in economics…. Interesting…
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11-11-2023 , 06:53 PM
Quote:
Originally Posted by Gzesh
Let's not, the belief espoused by JJWalker was that "economics is a whole lot more" than I presumably know about..

I'll settle for noting that I studied Econ 301 at the UofC taught by Milton Friedman, a genuine Nobel Prize winner and a second graduate level econ course taught at Yale by Bengt Holmstrom, another Nobel Prize winner in Economics ....

but, maybe I know nothing these days.... by the lofty standards of Las Vegas Lifestyle.
Taking a class is a far cry from obtaining decades of knowledge in a subject…. Wow…
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11-12-2023 , 10:03 AM
How about you 2 agree to disagree and let this be the Formula 1 thread? I'll make a LVL Low Content thread so you 2 can compare your dicks in there, how about that?
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11-12-2023 , 10:12 AM
Here you go guys, a LC thread, just for you!

https://forumserver.twoplustwo.com/1.../#post58335090
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11-12-2023 , 12:28 PM
Quote:
Originally Posted by marknfw
Here you go guys, a LC thread, just for you!

https://forumserver.twoplustwo.com/1.../#post58335090
Thanks, you da man or woman. Hope to run into you at the tables one day mark.
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11-12-2023 , 04:57 PM
Quote:
Originally Posted by pig4bill
In what way? I was in town at the end of Sept, and the construction in front of Bellagio messed up Strip traffic hugely. Apparently they had not yet started anything around Bally's, or at least nothing I noticed.
When I was there mid/late Oct, the grandstand in front of Bellagio was (nearly) complete. It had the foot traffic on that side shutdown but otherwise no biggy. Certainly ymight have been worse while actual work was happening.

But across the street at the corner by the Horseshoe bazaar area there is some kind of construction going on. I don't believe it to be F1 related but it could be. But they have construction hallway mazes up that make foot traffic a real mess.
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11-12-2023 , 05:50 PM
Aren't they doing a 2 story building on the strip side of horseshoe? I don't think it's F1 related, but there has been a crane in that area for a year.
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11-12-2023 , 06:59 PM
Quote:
Originally Posted by ScotchOnDaRocks
Define fiasco

The estimates thrown out sure seem reasonable. Use the calculators on your phones. There’s going to be around 150,000 visitors. Over three days. Money flowing everywhere going to all types of individuals and businesses.



Supposed to be one of the biggest events in the world during 2023
Yea money flowing so hard that's why room rates are plummeting below normal weekend rates.
This thing is going to be a pathetic failure.

Some much time money and aggravation wasted for nothing.

The estimates were clearly way off from the beginning.
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11-12-2023 , 07:35 PM
Quote:
Originally Posted by borg23
Yea money flowing so hard that's why room rates are plummeting below normal weekend rates.
This thing is going to be a pathetic failure.

Some much time money and aggravation wasted for nothing.

The estimates were clearly way off from the beginning.
Lol you are probably one of those guys that feel good paying $50 for a $20 shirt because the sticker originally said it was $100 and it’s now 50% off

That smoke screen with room rates aside. The math isn’t that hard to get a ballpark figure on.

You really think the stands will be empty? There are a chit ton of people coming into the area, whether they are staying direct on Strip or not.

150,000 people are going to spend and gamble a ton. Fire up your calculator to determine how much the average person needs to have the money flowing and it’s really not that much. Especially when factoring in some big time whales.

I’m going to go to Strip this week for sure and take my raincoat. It’s going to be raining money
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11-12-2023 , 08:09 PM
Quote:
Originally Posted by ScotchOnDaRocks
Lol you are probably one of those guys that feel good paying $50 for a $20 shirt because the sticker originally said it was $100 and it’s now 50% off

That smoke screen with room rates aside. The math isn’t that hard to get a ballpark figure on.

You really think the stands will be empty? There are a chit ton of people coming into the area, whether they are staying direct on Strip or not.

150,000 people are going to spend and gamble a ton. Fire up your calculator to determine how much the average person needs to have the money flowing and it’s really not that much. Especially when factoring in some big time whales.

I’m going to go to Strip this week for sure and take my raincoat. It’s going to be raining money
Mark made a whole new thread for you and JJ to pretend to believe things that are patently false and willfully misconstrue other people's posts.

Seems kind of rude to not use it.
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11-12-2023 , 08:11 PM
Quote:
Originally Posted by ES2
Mark made a whole new thread for you and JJ to pretend to believe things that are patently false and willfully misconstrue other people's posts.

Seems kind of rude to not use it.
Go away

It’s 100% on topic and actually I’m offering more than your “waah I don’t like traffic and those damn corrupt politicians”
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11-12-2023 , 08:41 PM
Quote:
Originally Posted by ScotchOnDaRocks
Go away

It’s 100% on topic and actually I’m offering more than your “waah I don’t like traffic and those damn corrupt politicians”
Right pretending you do like traffic and corruption just to stirr stuff is much better.


Or having multi-post arguments that are just you making up false claims about what a person said, and that person defending themselves against your dishonesty. A+ content.
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11-12-2023 , 09:03 PM
Quote:
Originally Posted by ES2
Right pretending you do like traffic and corruption just to stirr stuff is much better.


Or having multi-post arguments that are just you making up false claims about what a person said, and that person defending themselves against your dishonesty. A+ content.
You are clearly confused, that other thread is not for things you don’t like or disagree with. It’s for off topic bickering. I stopped my fun little debate with gzesh (which a mod agreed with me though) but that stuff would go in there.

My debate with borg23 is clearly on topic and he’s a big boy. He doesn’t need you trying to save him.
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11-12-2023 , 10:07 PM
Quote:
Originally Posted by ScotchOnDaRocks
Lol you are probably one of those guys that feel good paying $50 for a $20 shirt because the sticker originally said it was $100 and it’s now 50% off

That smoke screen with room rates aside. The math isn’t that hard to get a ballpark figure on.

You really think the stands will be empty? There are a chit ton of people coming into the area, whether they are staying direct on Strip or not.

150,000 people are going to spend and gamble a ton. Fire up your calculator to determine how much the average person needs to have the money flowing and it’s really not that much. Especially when factoring in some big time whales.

I’m going to go to Strip this week for sure and take my raincoat. It’s going to be raining money
Your shirt analogy is terrible. It's not about sticker price.

It's not just that the room rates are down from where they started they're below most other weekends. That's not a smoke screen. It's a fact . If they were way down from the initial price but way higher than normal it would be a fair analogy.

If you have shirts you normally sell for 50 bucks and all over the sudden you can only sell them for 35 that's not a smoke screen- it's you making a lot less money.


Yet im supposed to believe all of this Money is coming in? From who ? People coming at the last minute bc it tanked so much who aren't gonna spend that much money. And some people who would throw some money around who are also pissed off they paid so much when they bought non refundable packages a year ago who will mostly never come back for f1.

They're not getting that much more of a turnout that most weekends in Vegas. If they were then get this-the room rates would be way higher. Your quoting number of visitors with zero context and acting like all of the people are traveling to some middle of nowhere place


Now add in the expense of this debacle,how inconvenienced all the strip workers have been for a very long time,how much money F1 itself is sucking up from it and it's going to be a failure overall.


And at least this year has the novelty aspect. It's gonna get real old real fast.
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11-12-2023 , 10:46 PM
Quote:
Originally Posted by borg23
Your shirt analogy is terrible. It's not about sticker price.

It's not just that the room rates are down from where they started they're below most other weekends. That's not a smoke screen. It's a fact . If they were way down from the initial price but way higher than normal it would be a fair analogy.

If you have shirts you normally sell for 50 bucks and all over the sudden you can only sell them for 35 that's not a smoke screen- it's you making a lot less money.


Yet im supposed to believe all of this Money is coming in? From who ? People coming at the last minute bc it tanked so much who aren't gonna spend that much money. And some people who would throw some money around who are also pissed off they paid so much when they bought non refundable packages a year ago who will mostly never come back for f1.

They're not getting that much more of a turnout that most weekends in Vegas. If they were then get this-the room rates would be way higher. Your quoting number of visitors with zero context and acting like all of the people are traveling to some middle of nowhere place


Now add in the expense of this debacle,how inconvenienced all the strip workers have been for a very long time,how much money F1 itself is sucking up from it and it's going to be a failure overall.


And at least this year has the novelty aspect. It's gonna get real old real fast.
It's almost as he's making intentionally ridiculous or dishonest posts in order to hijack the thread and make it all about him.

Oh well, up to the mods if that's what they want.
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11-12-2023 , 11:13 PM
Quote:
Originally Posted by ES2
It's almost as he's making intentionally ridiculous or dishonest posts in order to hijack the thread and make it all about him.

Oh well, up to the mods if that's what they want.
I’m asking you nicely to go away. No one is talking to you. I like debating Borg23, he’s an east coaster. We break balls

Not everything has to be taken so seriously

Borg, I’ll get to you later. A little busy at the moment
Formula 1 Las Vegas Megathread Quote
11-13-2023 , 12:52 AM
Quote:
Originally Posted by borg23
Your shirt analogy is terrible. It's not about sticker price.

It's not just that the room rates are down from where they started they're below most other weekends. That's not a smoke screen. It's a fact . If they were way down from the initial price but way higher than normal it would be a fair analogy.

If you have shirts you normally sell for 50 bucks and all over the sudden you can only sell them for 35 that's not a smoke screen- it's you making a lot less money.


Yet im supposed to believe all of this Money is coming in? From who ? People coming at the last minute bc it tanked so much who aren't gonna spend that much money. And some people who would throw some money around who are also pissed off they paid so much when they bought non refundable packages a year ago who will mostly never come back for f1.

They're not getting that much more of a turnout that most weekends in Vegas. If they were then get this-the room rates would be way higher. Your quoting number of visitors with zero context and acting like all of the people are traveling to some middle of nowhere place


Now add in the expense of this debacle,how inconvenienced all the strip workers have been for a very long time,how much money F1 itself is sucking up from it and it's going to be a failure overall.


And at least this year has the novelty aspect. It's gonna get real old real fast.
No the math still works since they sold so many shirts at $120 thus even if remainder are sold at $35 they are still making more than they normally would

And money will be spent, lots of it. Are they going to come here for 3-5 days and not eat? They are also going to gamble and do various shows, that’s what people do.

And I’m sure plenty of off Strip lodging and restaurants are going to see to an uptick as well. But those are not the focus of the articles people are posting. But that doesn’t mean they don’t exist.

If you are predicting that the stands will be half empty and be a complete failure I’d disagree.

That doesn’t mean though that people haven’t been inconvenienced. And there have been bad aspects. But it will be a big time economic boom
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11-13-2023 , 02:02 AM


This is making the rounds. Granted, they basically ran out of space for the Mayweather fight years ago so this seems plausible. I did hear flight restrictions were being implemented started a few days ago as well.
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11-13-2023 , 04:24 AM
Quote:
Originally Posted by ScotchOnDaRocks
No the math still works since they sold so many shirts at $120 thus even if remainder are sold at $35 they are still making more than they normally would

And money will be spent, lots of it. Are they going to come here for 3-5 days and not eat? They are also going to gamble and do various shows, that’s what people do.

And I’m sure plenty of off Strip lodging and restaurants are going to see to an uptick as well. But those are not the focus of the articles people are posting. But that doesn’t mean they don’t exist.

If you are predicting that the stands will be half empty and be a complete failure I’d disagree.

That doesn’t mean though that people haven’t been inconvenienced. And there have been bad aspects. But it will be a big time economic boom
how much of that money from the stands is staying in Vegas and not with f1? i don't think they'll be half empty but so what. people sitting at a race all day spending 200 dollars for some last minute tickets means they're spending that money to be busy all day rather than dump the money to casinos, clubs etc.

they didn't sell that many non refundable packages (135 dollar shirts)- they definitely sold some but they will NEVER sell anymore in future years.
A big part of this was it was going to be a pain the the ass the first year and then not as bad in future years. But future years will be worth less and less. No novelty and people aren't going to get swindled twice.

Sure the people coming in last minute and scooping up cheap rooms and tickets will eat. And so would other people who would be in Vegas this weekend but want to avoid this debacle. Where is this alleged uptick coming from? If rooms are as cheaper and in many cases even cheaper than usual that means they're having trouble filling the rooms. So where is the uptick?

I could be wrong and maybe they'll bring in enough whales to make it worth it but I'd be surprised. I really don't think Vegas would have agreed to this if they knew this is how it was gonna go. If I'm wrong I'll be happy to admit it next week.

Last edited by borg23; 11-13-2023 at 04:30 AM.
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11-13-2023 , 05:08 AM
Quote:
Originally Posted by Randall Stevens
Aren't they doing a 2 story building on the strip side of horseshoe? I don't think it's F1 related, but there has been a crane in that area for a year.
Could be. Oddly enough when I visit and stay at the Horseshoe, I almost never go outside to the bazaar shops, or in that direction. Sometimes I go toward PHo. They are doing some construction work to alter how Paris relates to Horsehoe but I don't know if that crane has anything to do with it.
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11-13-2023 , 05:15 AM
Quote:
Originally Posted by SenatorKevin


This is making the rounds. Granted, they basically ran out of space for the Mayweather fight years ago so this seems plausible. I did hear flight restrictions were being implemented started a few days ago as well.
The general aviation terminal is not huge. I've flown into it a time or two. There also seems to be a lot of locals that keep planes parked there, which fills up the "parking".
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11-13-2023 , 06:50 AM
We may see some pissed off tunnel people on the track.



From https://www.youtube.com/watch?v=9SiW...ussyAdventures
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11-13-2023 , 07:39 AM
Quote:
Originally Posted by ScotchOnDaRocks
Define fiasco

The estimates thrown out sure seem reasonable. Use the calculators on your phones. There’s going to be around 150,000 visitors. Over three days. Money flowing everywhere going to all types of individuals and businesses.

Supposed to be one of the biggest events in the world during 2023
The estimates? Oh yes, of course, they are extremely reliable and made in a completely neutral way. I've heard it a million times. The interesting thing is that after the events, when cost-return calculations are made, not by interested companies or governments but by neutral entities, a considerable number of these major events have results that are far below the "estimate" or are even harmful. If 50000 people lose 50 hours in traffic, how do we calculate the value of those hours?

For what do they earn per hour?
No, for some their time is worthless and for others it's non-negotiable.
Calculating and estimating the incalculable is always a fun exercise
Obviously, I'm not going to talk about costs here, because nobody knows how they're calculated, or the supposed profits. A few years after the event, if someone wants to do a brutal job, there will be reliable data and then it will be possible to have a conversation based on reality.
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11-13-2023 , 11:32 AM
Quote:
Originally Posted by jjwalker
And in your long history on 2+2 you have presented yourself involved with practicing law…. Now you have switched to a long career in economics…. Interesting…
Really, that's your take ?

I've practiced law for years. Yes, I also have degrees related to economic policy and management. including two courses by two different Nobel Prize winners in economics. (degrees from 1975, 1988)

I also have a less-than-stellar record at the poker tables. (The only tournament I've won recently was this year, at the Yale Series of Poker, hosted at Paris, during the WSOP.)

I'm done with that off-topic discourse with the resident troll in this thread, however.

Last edited by Gzesh; 11-13-2023 at 11:39 AM.
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11-13-2023 , 01:51 PM
Quote:
Originally Posted by borg23
how much of that money from the stands is staying in Vegas and not with f1? i don't think they'll be half empty but so what. people sitting at a race all day spending 200 dollars for some last minute tickets means they're spending that money to be busy all day rather than dump the money to casinos, clubs etc.

they didn't sell that many non refundable packages (135 dollar shirts)- they definitely sold some but they will NEVER sell anymore in future years.
A big part of this was it was going to be a pain the the ass the first year and then not as bad in future years. But future years will be worth less and less. No novelty and people aren't going to get swindled twice.

Sure the people coming in last minute and scooping up cheap rooms and tickets will eat. And so would other people who would be in Vegas this weekend but want to avoid this debacle. Where is this alleged uptick coming from? If rooms are as cheaper and in many cases even cheaper than usual that means they're having trouble filling the rooms. So where is the uptick?

I could be wrong and maybe they'll bring in enough whales to make it worth it but I'd be surprised. I really don't think Vegas would have agreed to this if they knew this is how it was gonna go. If I'm wrong I'll be happy to admit it next week.
One of the main issues in play here is that for some of us it’s hard to imagine why people care about the F1 so much. I am in that boat.

But like the Super Bowl which is horrendously overpriced and can cause problems, there are an endless supply of dopes that will keep on coming and always get this thing to capacity or at least very close to it.

I think you mentioned that people would be pissed and not come back. But even if that’s the case seems probable they are going to get a fresh supply of stunods the next year. This doesn’t appear to be a small fan base.

But we will see how it plays out.
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