Formula One set to host Business Summit at Las Vegas

Formula One has announced that it will host a F1 Business Summit which will take place during the Las Vegas Grand Prix Weekend on Thursday, featuring a collection of the most influential minds in sports, entertainment, and business.

This season's Las Vegas Grand Prix will feature an unusual programme, with the F1 Business Summit set to take place for the first time a day before the on-track action commences on the famous Strip.

The F1 Business Summit will be held on 20 November at Wynn Las Vegas and will bring together global partners and industry leaders to explore the intersection of sports, entertainment, and culture.

"Multiple engaging panel discussions will examine how sports have transcended their traditional boundaries and are driving some of the most relevant pop culture moments around the world to engage fans far beyond games and events," read F1's statement.

Commenting on the announcement, Formula One's President and CEO, Stefano Domenicali stated: “In the US, sport holds an incredible
position – it’s cultural, a huge part of society and loved across the country, so Las Vegas is the perfect place for the F1 Business Summit.

"It’s the global home of sports and entertainment and as we host our third season racing in this fantastic location, we have the momentum to connect influential speakers and guests to explore how we can work together to continue to innovate, push boundaries, and think big.”

Reflecting on the news, Formula One's Chief Commercial Officer, Emily Prazer stated: “Formula 1 is a prime example of how a global sporting event can shape pop culture and build lasting relevance and impact that extends beyond motorsports.

"The F1 Business Summit will bring innovators, investors, and visionaries together in Las Vegas to exchange ideas and accelerate change in a destination that has cemented its reputation as the sports and entertainment capital.”