The Formula One Las Vegas Grand Prix is just what the city needed amid a mild tourism dip, the top executive at MGM Resorts said following the third-straight sellout event for open-wheel auto racing fans.

Bill Hornbuckle said having a major event like the race is something to look forward to each year, boosting visitation during what has typically been a slow time in Sin City.

“If you recall, this is the second or third most-worst weekend of the year, so to be able to put this injection into the community and the city and obviously for us at MGM Resorts for what we do at the (Bellagio) Fountain Club is a real boost, and we look forward to doing this for many, many years to come,” Hornbuckle told the Las Vegas Review-Journal.

Hornbuckle said that the race draws around 150,000 visitors wh

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