Formula 1 in Las Vegas: The Race That Hopes You Don’t Sleep
Value Scope
DECEMBER 1, 2023
billion of annual revenue and $560 million of EBITDA. It’s current market capitalization is approximately $15 billion. A new baseball stadium along the Las Vegas strip is expected to be ready for the 2028 baseball season. Formula One Group, founded in 1950, was purchased for $4.4 billion in 2016 by Liberty Media.
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