MGM Resorts International has teased more details about the experience Bellagio Fountain Club will offer during the F1 Heineken Silver Las Vegas Grand Prix. The club is set to take “center stage” during the highly anticipated race and will host a Winner’s Stage event.

Set to take place from November 16 to 18, the Formula 1 Heineken Silver Las Vegas Grand Prix is one of the most exciting events in this year’s motorsports calendar. As announced by MGM, the Bellagio Fountain Club will host a variety of events prior to, during and after the race.

Bellagio Fountain Club Will Bring Fans Closer to the Action

At the club, fans will be able to watch the race live. MGM will leverage “an unprecedented Dolby Vision viewing experience powered by LG OLED evo TVs” to “bring fans even closer to the track.” MGM said that action will come to life on screen with bright and vivid colors, cutting-edge detail and dazzling contrast. A total of eight screens will ensure that no guest misses a beat.

The Bellagio Fountain Club will also offer proximity to the track itself from an elevated location on the property’s signature lake. The club’s rooftop hospitality deck will allow guests to see the cars on the Las Vegas Boulevard live.

The club will also welcome entertainers from MGM Resorts’ entertainment portfolio and will also welcome some of the race’s best drivers for post-race commentary on Saturday night. This will notably include the top three drivers in the race who will share their reflections on the event with the community.

Leading Chefs and Will Cook Up Amazing Experiences

In addition, the venue will welcome renowned chefs such as the chef and humanitarian José Andrés, the famous award-winning chef Christina Tosi, the Michelin-decorated Alain Ducasse and Rainer Becker, founder of the famous izakaya-style Japanese restaurant ZUMA in London.

The aforementioned chefs will join a chef roster that also includes Mario Carbone, David Chang, Michael Mina, Masaharu Morimoto, Bryan & Michael Voltaggio and Jean-Georges Vongerichten.

This impressive chef lineup will provide motorsports fans unparaleled dining options. According to MGM, chefs will rotate throughout the three days of the F1 race, introducing new menus each day. In the meantime, a team of decorated mixologists and sommeliers will curate an open bar.

MGM Is Proud to Host the Winner’s Stage

Andrew Lanzino, MGM Resorts’ vice president of citywide events strategy, commented on the experiences awaiting motorsports fans at the club.

We’re curating an experience at the Bellagio Fountain Club that offers guests the absolute best of F1 – from incredible views of the race and exceptional cuisine and beverages, to an astonishing live Dolby Vision experience on LG OLED TVs, to getting up close with the winners post-race.

Andrew Lanzino, VP of citywide events strategy, MGM Resorts International

Lanzino concluded that MGM is “incredibly honored” to host the Winner’s Stage of the F1 Heineken Silver Las Vegas Grand Prix.

The Bellagio Fountain Club is set to open at 6 pm on the three race days.

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Investment firm Blackstone Inc. is reportedly exploring offers for half of its stake in the real estate of the renowned Bellagio Hotel and Casino in Las Vegas. 

Blackstone Eyes Partial Divestment of Bellagio Stake in Real Estate Portfolio Shake-up

The Bellagio property was acquired by Blackstone in 2019 for a staggering $4.25 billion in a sale-leaseback transaction with MGM Resorts International. Under the agreement, Blackstone Real Estate Income Trust (BREIT) and MGM Resorts formed a joint venture, with BREIT holding a 95% stake and MGM Resorts holding a 5% stake. As part of the deal, MGM Resorts would continue to lease and operate the Bellagio while being responsible for all day-to-day operations and capital expenditures.

Blackstone’s decision to potentially sell 50% of its stake in the Bellagio casino comes as the firm seeks to capitalize on its real estate assets, Bloomberg reported. The company recently announced plans to divest warehouses and industrial properties for $3.1 billion to Prologis Inc., further indicating its strategy of cashing out on certain real estate positions.

Blackstone has a history of divesting its interests in Las Vegas properties. In 2021, the firm sold the renowned Cosmopolitan hotel, and in December 2022, it agreed to sell its 50% stake in the MGM Grand and Mandalay Bay resorts to Vici Properties Inc., its partner at the time. These transactions highlight Blackstone’s ongoing efforts to optimize its real estate portfolio.

Speculation Surrounds Potential Sale of Bellagio Stake as Blackstone Weighs Options

The Bellagio, located on the iconic Las Vegas Strip, is one of the city’s top-performing resorts. Despite challenges faced by other real estate sectors such as malls and office spaces, the hotel has maintained strong visitor traffic, contributing to its reputation as a premier asset in the gaming industry.

Both Blackstone and MGM Resorts have declined to comment on the matter, leaving room for further anticipation and speculation within the market. While the sale of the Bellagio stake remains under consideration, industry experts are speculating on the potential value of the property and the companies that may submit bids for its acquisition. Blackstone’s deep history and expertise in the Las Vegas real estate market, across various asset classes including office, hospitality, and residential, make it an influential player in the industry.

Notably, Blackstone has made headlines in recent years as the majority owner of Crown Resorts, an Australian-based gambling company. Last year, the investment giant acquired Crown Resorts for an impressive $6 billion, further solidifying its presence in the global hospitality and entertainment sector. The deal came amid a series of regulatory inquiries into Crown’s operations, which resulted in the company losing its license to operate a new casino in Sydney and facing potential revocation of its licenses in Melbourne and Perth. Blackstone proposed several conditions for the deal, including regulatory approval, access to Crown’s financial records, and retention of key personnel.

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