“We’ve seen some one-time and start-up costs that may have been larger than anticipated. “I think those revenue numbers approaching that (are) still a reasonable estimate on profitability,” Maffei replied. That investment was included in one-time costs Greg Maffei, president and CEO of Liberty, highlighted when Ben Swinburne of Morgan Stanley asked on the earnings call “are you guys still expecting this sort of approaching $500 million of revenue?” This race has had almost two years of hype this is F1’s baby, backed by Liberty, which spent $240 million to purchase property at the end of the Strip for construction of the paddock area and a permanent pit building. The Caesars Palace Grand Prix ran in 19 on another mocked course, that time because it utilized a huge chunk of parking lot.
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