MGM Resorts reported lower-than-expected sales and profits for the third quarter of 2024, attributing the results to a slowdown in Las Vegas betting. The company missed quarterly estimates, with revenues showing a year-over-year increase but still falling short of expectations. As the second annual Las Vegas Formula 1 race approaches, MGM Resorts and Caesars Entertainment have acknowledged that the event is unlikely to provide the same financial boost as it did in 2023, when the race debuted in the city. Both companies are preparing for heavy traffic and delays during the race week, which may further impact their business performance.