Emily Prazer, President of the Las Vegas Grand Prix, shares the journey of building the event from a challenging first year to finding its stride by year three. She discusses balancing the unique sporting and entertainment aspects of the race, engaging with the local community after initial criticism, and evolving ticket pricing to be more inclusive. Prazer highlights innovations like earlier race start times, immersive fan experiences, and creative partnerships that push Formula 1's boundaries. She also reflects on the differences between U.S. and European fans, the importance of local promoters, and the ongoing effort to create a memorable, accessible, and exciting event in Las Vegas.
Topics:event growth and developmentcommunity engagementrace logistics and schedulingticket pricing and accessibilityfan experience innovationsus vs european fanbaselocal promoter rolescreative partnershipsdriver involvementpost-race entertainment
Nicole Briscoe is joined by Emily Prazer, Chief Commercial Officer and President of the Las Vegas Grand Prix. Together, they explore the development, construction, and execution of the Las Vegas Grand Prix — from its debut season to the upcoming 2025 race. What lessons have been learned? How has the event evolved year over year? And what can F1 fans expect as we head into the third year of one of the biggest spectacles on the Formula One calendar?
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Let's just start with the growth of the event from year one to now approaching year three.
When you look at it, what do you see?
I see just so much opportunity to continue to develop the product.
The benefit of Vegas is we just have the most unique proposition in front of us,
where you can lean in so heavily on the sporting side,
because I truly believe it's the best race on the calendar from a racing standpoint.
But the marriage of the entertainment proposition just means that we can continue to innovate
and deliver an event that is like no other on the formula calendar.
In terms of changes from year one to year three, what can we see?
Year one, we took on way too much, which I think everyone knew,
and saw we had our opening ceremony on the Wednesday night.
We were trying to figure out track opening and closings
and the logistical complexities that don't come with any other race.
If you compare us to a Singapore or even a Monaco,
we open and close our track like three times more than anyone else,
and that's because of all of the different hotel workers and others
that need to get in and out of those casinos.
So we took on so much, and we were really proud of the production
and the delivery of the first year.
When we went into the second year, we took a breath and said,
like, we really need to focus on making sure this is super smooth for everyone.
And this year, it's like going back to our roots a bit with the entertainment
and really putting Las Vegas on a pedestal from an entertainment standpoint
because you all turn up and expect to see that
and we're proud to be able to bring it all together into one single event.
Do you feel like year one was sort of like almost in some way like chasing your tail
and then year two was catching your breath
and then year three is finally finding your stride?
It's a very good way to describe it.
I don't think people realize that we have less than 18 months
to build that building and to figure out how to build grandstands
in a live situation.
The roads don't close.
We did everything through the night
and we were looking at maps and going, where should we put grandstands
and what should the product be and what should the food and drink look like.
So we were chasing our tails because we had a condensed timeline
but we were building and building on 39 acres of land that we bought that week.
Like the week that we announced the race, which you were at.
And we were at the Cosmopolitan and I remember doing it
and then going, oh my God, we actually have to deliver this now.
And we had to build a building.
And I remember my favorite part of that year was picking the toilet design
for the pit building, the tiles and being like, how do we make this
the coolest Formula One destination on the planet?
And so there was so much that went into it.
When I moved to Vegas in May of 22, I didn't have a team.
I had nobody.
The first thing I did was hire an assistant
and then I was like, oh God, now I need an office.
I had to go and buy the printer paper.
So it was almost so startup that we have the kind of heritage
of the 75-year-old startup going on.
But the actual expectation delivery meant that, of course,
we were chasing our tails because we had 18 months to build a race track.
I remember it sort of being there before it was officially announced
and all those conversations were very theoretical.
Yes.
And then to come back and see the first event
and to sort of witness it, it was amazing.
But you were also met at the time, year one,
with a fair amount of criticism from the city of Las Vegas
and those who lived there.
They didn't maybe totally embrace the concept of what you were trying to do.
They didn't embrace the event. Where are you with that now?
Well, first and foremost, we take accountability for that
because we turned up to the earlier point.
We were chasing our tails to get this event ready
and we completely ignored the fact that there was a living and breathing community
that we needed to engage with and explain to.
And, you know, causing the traffic we caused
and all of those different elements that we took for granted
we didn't manage properly.
So we're the first to admit we didn't do it the right way.
We should have taken a bit longer.
And so we've spent a lot of time and energy
and built our team of real people
that want to engage with the locals
and the community program we've now developed
has been significant, not just, you know,
making sure that we're showing up at the right events
but with the year-round proposition
that we now have there with Grand Prix Plaza
as we affectionately call it being open
we've created an F1 Drive karting experience.
We have F1X, which is an immersive experience
where we can teach people about Formula One.
We have our sims that people can just show up and play.
We're not charging people to have fun
and learn how to drive Formula One cars.
We have a Formula One themed restaurant called Fuel and Fork
which is really fun.
The opportunity to bring people to that
and to get them engaging with the sport
outside of a three-day weekend
has meant that we can build the community around it
but we can also create the legacy that was missing
and the community plan that we now have implemented
we didn't communicate with anybody when we showed up
so from their perspective it's like
here are these people turning up for a three-day weekend
causing all of this havoc in our town
now they understand that we're not just there for three days
we're there every day of the week
making sure that we're communicating
back engaging, hosting community events at our building
we did the most unbelievable community carting program
where we brought kids in and taught them
over a period of four weekends
to learn how to drive the carts and what have you
so I feel and I live in Vegas
I feel that we are embedding ourselves in the community
and the biggest lesson was listening
what do we need to do to help
how do we communicate and explain the traffic situation
invested in the technology
to make sure that we're texting people
when we're going to be closing roads and what have you
so it's just a lot of lessons learned honestly
how do you think your perception of the community
your perception of how to handle things have changed
from like you were thrown into it
to where you are now having lived there this time
I think you have to, Vegas is a town
where you have to earn your strikes to be really honest
you know quite rightly they're very protective
of the infrastructure and ecosystem they've built
and so it's taking a lot of time
to build the relationships and to
the biggest lesson I've learned from being accepted
in Las Vegas is to do what you tell them you're going to do
if you just say yes and then don't deliver
they're going to call you out on it
but it's all done with the best intent you know
when they were pushing us it's because they wanted
they want the event to be successful
they want to come out publicly and support it
and it was all done with the intent of like
have you thought about these 15 things
that you're not listening to us about
and so whilst you know yes there was pushback
but it's with the intent that they wear
their sleeves and they're so proud of where they live
and they've pushed us to be better
so we're actually like in a place where
we're eternally grateful for the
the criticism because it's made us do better
and if you think about the impact
from year one to year two like you mentioned
we can only continue to build on that
as we shorten our destructive window
Vegas is this very unique event though
in terms of
you can come to Austin
and Austin is not
usually considered a vacation destination
it's not a place that people
go to
like they go to Las Vegas
so how do you strike the balance
between the vacation
destination crowd and the community that
exists there 365 days a year
I think it comes back
to the year round proposition like I mentioned
but also making sure that we make the event
really accessible for the local community
obviously it doesn't take
a lot of convincing to get
the holiday crowd to come
to a race especially if they're Formula 1 fans
we have the inbound traffic coming
from California and Arizona and all of the places
at the feeder markets to the destination
all year round
we give it you know the Super Bowl
feeling so it's like I need to be there that weekend
even if they're not buying tickets to the race
the programming that we do
plus all the casinos in the LBCBA
makes it a place to be and be seen
during that week of
events but for the local community
again it comes back to the learning from the first year
one of the things we were quite naive about
was pricing and who lives
in Las Vegas and what the product should be
and again if you think about
the timeline because obviously we talked about you being there
had 18 months to figure this out
when we started our announcement
we didn't know where the ground stands were going
we didn't know if people wanted hospitality
You didn't know where the track was actually going
That's wild that we did that
anyway so it was
down to like our perception
naively was Vegas is only for
ultra high net worths
and everyone that's there wants full blown hospitality
and bottle services if they're in a nightclub
that's just not the case
and so over the course of time
we've now adjusted our ticket pricing and our product
to make sure that we can cater to literally everyone
and again if you think about Vegas as a destination
150,000 hotel rooms
the best thing about it
is yes you can go and stay at the win
and be treated the way that you
expect to be treated at that level
but you can also go to lesser casinos
and be treated like a king in your price point
and so one of the things
we needed to adjust was not everyone
wants to have the paddock club
everyone can have access to it
so whilst people
will tell us we're the most expensive race on the calendar
which we argue we're not
we have a $50 Thursday night ticket
you know that's because
we want to be able to educate
not just the local communities but new fans
that just want to come and check it out and understand it
so we've diversified
our product offering which I think meant that
the community started to understand that
we weren't just trying to charge them paddock club pricing
but you can still come
and enjoy it and understand it and it be
something that you may do for one night not three nights
a lot of races
only do three-day tickets we don't we make sure
that people if they just want to come and one night can
so that's all the learnings
of like how to adjust
depending on where you are and what the community wants
like in terms of accessibility
I know you hear this a lot but one of the biggest
challenges not just for us
but for teams and even
people who attend the race like the hours
for lack of a better word
they suck like year one was brutal
obviously there was the track issue
but I remember
we were there for practice and we did
we did a live hit in the
7 a.m. Eastern show because
that's when practice ended and that's just what it was
so you're leaving the track and essentially
four o'clock in the morning
after that and the hours
were a challenge and it comes at a time
of the season it's at the end of the season
you've got teams on a million different
time zones so the accessibility
not just for the fans but for
who are there but accessibility for the fans
in the United States but also just like
the realistic expectations on
the body of the people who are working the event
how is that changing
over the years that we've seen
we have moved the race
time earlier by two hours so it's now
8 p.m. start on Saturday night so
that has a ripple effect that everything shifts
earlier because there has to be a certain amount
of distance between some of the sessions
so you'll find like gates are opening
at like 2.30 p.m.
versus it being a much later start
and therefore obviously should there be any delays
it goes on through the night so we've
listened and we feel much better about
the start time everybody is on
board with it and we have F1 Academy
coming this year which we're really excited about
and so the goal is
that earlier we can start the more support races
that we could have eventually
so that people can be in bed at a reasonable time
so trust me when I say I was
part of the I've not slept
in three weeks it was crazy
we listened
we've adjusted it and we hope that this year
it means that everybody is understanding
that we are really trying to make that
change some of the things that you learned from
Las Vegas how can they be applied to
other events and other circuits
I think Vegas because we own an operator
and you know it's the only one
that we do that for is giving us
the opportunity to really
understand our own capability as the sport
one of the things I reference is
and I'm not sure if you saw it but
did an event at the O2 in February of this year
F1 75 Live which
because of our confidence
in being a production entity
it was the first time
I went to see Stefano and said what do you think
and he was like you think you can do it
and we did Vegas so it gives us
a real confidence in like pushing the boundaries
a little bit more than we would have
because we now know that we can deliver
our own big events
one thing I will always always acknowledge
is the learnings we took
from kind of being on this
the circuit or in the circus
what Bobby's done here in Austin
has set the bar for us
you know it gives us this opportunity
to learn from all of these different promoters
and countries that have put on amazing events
for multiple years that we're still
in our infancy in Vegas it's only the third year
but taking the best learnings
because we've been on the circuit for multiple years
I've been at F1 now for eight years
so I've seen a lot
and it's given us the confidence to bring the best
of the best into one place hopefully everyone agrees
but really it's pushing commercial boundaries
you know we are doing deals
and activating in ways we never dreamed
of whether it's through our partnerships
with the likes of Lego
which is a hot topic for everyone
that was incredible in Miami by the way
so a lot of that came
from just the creativity of the conversations
we had that have been born out of Vegas
honestly
we've signed partnerships that we're really proud of
that have pushed us into this consumer space
that we weren't in it was a very B2B heavy sport
and then you're getting Pepsi
and American Express and T-Mobile
and others all coming in saying
you need to learn how to speak to the end consumer
much more than just the B2B customer
so that means that our activations are changing
all over the calendar not just in Vegas
merchandise is another one
where we were scratching the surface
and now we're leading the way
very successfully with tons of collaborations
that we would never have dreamed of
so it gives us we kind of
again like affectionately call it
it's the creative test bed for the sport
because whatever happens in Vegas
people will most accept it
one of the scariest moments for me this year
was at Silverstone when we decided to do
Lego trophies it was like
in our wildest dreams we would have done that
with the confidence of what we did in Miami
and how we started to
change our way of thinking is because of these
different conversations we've had
from the Vegas race
how do you get the drivers to buy in on some of that
because it is outside the norm
and maybe outside the traditional box
I think not doing it every week helps
obviously we're not trying to completely
take away you know we are
a motorsport event and series
at the complete heart but I think
they're understanding it's a way of generating
in staying engaged with our new fans
you know I talk about this often
but our fan base has evolved
we still very much look after our
hardcore motorsport fans and we adore them
but the next generation of fans
are consuming our product
in a really different way
and so we've built out a very significant
always on strategy which is much
more around how do we keep the drive
to survive audience how do we keep the movie
audience engaged because it's not in the same
way of those that come year in
year out they want short form content
they want to be able to go to their local
shopping mall and buy a t-shirt that is
a bit more lifestyle focused and it is
team focused so it's not
really alienating
the teams it's very much about working
with them to make sure that we are
touching all of our fan base because without
our fans you know like any sport
where nobody so it's making sure we
communicate and take them on the journey
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obviously the evolution of the
fan base a huge
huge part of that has come in the
U.S. like I've been
in around the sport since
2004 which is not forever but since
2004 and this it's
changed it's almost like a night and day
change in terms of fan knowledge
fan engagement and accessibility
it's
completely different environment now
how important though
is it you've got now these three
races in the U.S. each one of
them vastly different how important
is it to continue that
and to give the
access to the American fan base
in the way that you are
we will continue to I mean
don't get me wrong the three
U.S. promoters ask Miami Austin
we speak to each other all the time
how a U.S. fan
buys a ticket watches the race
engages with the sport is the polar
it to Europe and so
we're very fortunate that we have access
to data that means we know what we're doing
in each of these different markets but
you can't take away like I talk about again
2012 Bobby and the Austin promoter
believed in this before any of us even knew
that it was going to be a big deal
Miami helped us take it to another level
and then Vegas was our is our baby and so
you know it's
really really important we will keep our own
identities but I see you know Bobby
was bringing Taylor Swift in before
Taylor Swift so he had the vision
and now it's just a case of us all
building on it but keeping our identities
to what they need to be you know you're in Texas
you know you're in Miami and you know you're in
Vegas so if you're a U.S. fan it's
not like you're going to three identical events
it's just even from a racing perspective
they're totally different tracks so help
us understand because
not everyone does have the ability to go
to a race in Europe and to experience the
difference how is the European
fan how is a European event different
than what we see in the U.S.
The European event has just a lot more heritage
around the sport you know they truly
admire the history and what's gone
into it and the the scale
of how the sport not not from a fan
based perspective but from an engine perspective
and how the drivers are involved in the
the safety in this the technology that
goes into the actual physical car
so you know you have to
talk to them in a different way it's not
TikTok you know it's
it's making sure that you're really
respectful of how they consume content
and that you're not trying to push
the boundaries all the time in those particular
markets that being said I don't
think there's anything more special in Formula One
than being in Monza when Ferrari
do the
track invasion at the end it's just
I don't know how you feel but it genuinely
makes me emotional it's breathtaking
and so you could only
wish you could bottle up that passion and bring it to
the States but it's you know solely
but surely we are we're
figuring out ways to make sure that that
kind of feeling and emotion around the sport
can be translated to the international
audience and
we just don't want to do
anything that almost alienates
the core because we do
really respect and appreciate they are
our heritage they are our hardcore fans
that are going to stick with us three thick and then
the US fan base like I said before
they're just very new and so we just
want to make sure that we are
learning from the likes of the NFL
NBA and others you know we would be remiss
to pretend that we haven't taken
those initiatives and
put them into our own ecosystem so
I live in the US and I feel like I've
taken so much from just
how all of it comes together and that
you go to any shopping center
and you can buy NFL NBA
MLB you know that has inspired
us it's not like I woke up
or my team woke up one morning and said
we need to do this it's by seeing
the fandom that's created in the different
cities that you know have those teams
how do you strike the balance
though between because formula one
is that the product is essentially
the same no matter what country
you're in how do you strike
that balance and find a way
to maintain sort of the
integrity of the sport
while still catering to two
audiences who consume
it in much different ways I think
it's by leaning in on our promoters they know
their local market better than we ever
do like we turn up and we have
our cars and our racing and we're here
but the local promoters are helping
us dictate how to behave in that
particular market and so
we find the balance by making sure
we're talking to them the whole time you know
if I have an idea or you have
an idea that is Lego cars
that may not work everywhere
but it did work in Miami because
it was something that actually resonated
with the audience is interesting because
everyone was so nervous about that
but now promoters are like are you going to do that again
where can we do it and that's across
the calendar so I think
it's just about communication I think
it's about client management and making sure
that we're not forcing
ourselves to do things that don't feel like
they fit in and so you know
the Lego trophies in Silverstone I talk about it a lot
but I was terrified I was like
is this a step too far
they made jokes about it because Hulkenberg was on the podium
and he's like sure I get a trophy for the first time
and it's made of Legos I can literally take it apart
it's amazing content it's engaging
people are loving it and he was
he thought it was awesome so
it comes back to just the fine line
we can't do what we would do
in the US in the Middle East
it's just making sure that we localize
but we are a global sport with huge
partners that want us to activate
in different ways and we want to be the first to do
a lot of these things so we feel like
we're finding the balance albeit
it's nerve wracking occasionally
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genuinely the Lego event because I had a chance
to see the cars beforehand and I knew what was
going to happen and genuinely
watching it unfold was one of the
most entertaining
but I said
genuinely but it was a genuine
moment I think on the track too because if you
watched if you really watch the drivers
and how they interacted with each other
and how everything that took place
over the course of that lap
it was
if you could watch it and not smile
something is wrong with you
and also the track was littered
that was one thing I did get in trouble
because I did not factor in that they were
going to actually race each other
so Stefano called me was like how are you
going to clean the track quickly I'm like
I need to make some phone calls
but hearing Lewis's laugh
we listened to that content regularly
and so again with
all of these different ideas and what we're doing
there's a spectacle in the entertainment
but the minute we bring the drivers in we want them
to feel comfortable so you'll see
next year we've got some big ideas
we've got some plans that hopefully
they all like
we do tell them about it it's not like they find out
two seconds before they need to do it
and like to say Vegas is the test
bed to be able to start developing
those concepts and what have you so you'll see
some fun things happening in November
like I can't tell you that
okay so what can you tell me about
that I will see
we're very excited about the Saturday night
we're leaning back in heavily on Taylor Swift
no Taylor Swift
I have seen a lot of Instagram memes asking
if Taylor Swift is going to be in the sphere during the race
unfortunately not that would have been awesome
but you know the content
alone on the sphere is just
by wateringly good so we're excited
for you to see everything that we're planning
and hopefully people like it
what is something that you're doing this year
that hasn't
been seen before in Vegas
we're doing a post-race show this year
that we haven't done in Vegas before
which we're very excited about
details TBD
to be confirmed
like an entertainment show
yeah so again if you think about
you know what's really
important for us in Vegas is to make sure
that it feels like a full week of
programming and so we want it to
start earlier we're very fortunate it's like the ultimate
sports week in Vegas I'm not sure if you
anyone has realized but we have NFL
Monday night VGK and NHL
on Tuesday night we then have
our golf tournament on the Wednesday we have
our business summit on the Thursday
and then we go through Friday Saturday
and so Saturday night really will feel
like the pinnacle in the celebration
of the season and so we've created
a post-race moment that we're very excited
for people to see for you last year having
the post-race moment also be the
moment in which Max Verstappen clinched
the championship for you personally
is that like well this is cool
yeah that was really fun that was really fun
that was really fun and obviously
by the time it gets that I'm just relieved
that it's all happened and that we've got
through the weekend so I
fingers crossed the racing remains as competitive
as it has been and that the championship
is determined in Vegas
if you if you go back and you look at your
life where you were three
well it would be almost four years ago
now when you said
I'm moving to Vegas this is going to be
my job yeah
how different is your life
now than maybe what you were expecting it
to be I think
I learned resilience I think
when I first turned up obviously we live in
a relatively sheltered life
an environment where you know formula one
turns up and people have understood it
I think I did not realize
how first how hard the first kind
of not just the first year but the year before
where we were getting everything ready would be
so my life is different
I wouldn't change it it's been the most
rewarding project I think I'll ever work on
sadly it's one of those who've like
done it at quite a young age and so
kind of go what's going to talk
what's going to talk putting on the Vegas race
in the first year because I think that was
just a life tick for everyone so
yeah it's a special place
for those that haven't spent a lot of time
there Vegas is just the most
unbelievable community and
I'm the first to admit as I said before
that I didn't understand it but when you're there
and they start to really take you
under their wing it's a really really special place
so I just continue to want
to give back and to make sure that
you know we're not just a three day event
like I mentioned I've got a lot of passion
around how to engage the local community
the children of Las Vegas
you know it's a tough place for
education and so we're focused
on how we can enhance and
you know that's where I think my life has gone down
a slightly different path because I'm obviously
from London and I don't see myself
you know being back there I feel like
I want to be in Vegas and continue to get back
okay so besides the need
to have resilience
and the need to like
engage with the community what's something that you
wished you knew year one that you know now
that's a really good question honestly
I come back to just its communication
skills I wish I had have realized that
picking up the phone a lot more
and being present a lot more
you know when you're in that scenario where you're trying
to build something you're so
focused on the job at hand
and I don't think that I took enough
we as an organization took enough time
to build the relationships
and that's a massive life lesson that actually
the world is built on really positive relationships
and
yeah I would like to go back and
fix some of those but I think we are
now doing that slowly but surely and I think
that's why you know we intend on being there
all the time let's say I've known nothing about
Formula One and I'm attending a race
and I decide that I'm going to go to the Las Vegas
weekend and I walk away from it
what is it that you want me to feel
after I've experienced a race in Vegas
wow wow yeah
because I am really like
the racing is unbelievably good
if you think about it it's the one unknown
of like is this just going to be
a procession or is it going to be a competitive race
it's fast there are
loads of overtakes it's an
awesome race and it's an amazing experience
I'd want people to go like
wow is that my first impression of Formula One
I want to go to 5, 6, 7 other races
I remember when I started at F1
in 2017
my first race was at the Abu Dhabi Grand
I think my first day was at the Abu Dhabi
Grand Prix in 2017
and I turned up and I was like this is spectacular
like you just that feeling of
pride and so I would love people to feel
the same way I felt at my first event
it was awesome thank you
yay to bruise the streaming king
with quantum fiber in the net
he's gonna binge
he wants more
he's got to have more
more bedtime surprise
more podcasts in the shower
quantum fiber life by has the power
more more more fast internet speed
he's got the geeks to grow big
bring him the games right now
and his royal wings
more sports dumb stuff
his quantum fire is on top
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