Tickets are still available and room rates are dropping for the inaugural Formula 1 Heineken Silver Las Vegas Grand Prix less than eight weeks away.

Two major music festivals in Las Vegas are driving up hotel room prices for the remaining inventory as the industry addresses any lingering effects of the MGM Resorts International’s cybersecurity breach that took nine days to resolve.

The hotel room rates of some Las Vegas resorts have started falling by nearly 60% for the Grand Prix weekend (November 16th-18th) as compared to the rates that were posted last fall. However, the rates do not determine if the interest in the event is going down, according to an industry expert.

The apparent cyberattack that hobbled MGM Resorts International this past week is the latest in a string of high-profile security breaches to befall Las Vegas casinos in recent months.

Online MGM room reservations were down, and sportsbooks didn't have much action in the resort community.

Room reservations and sportsbooks were still dark across swaths of Las Vegas on Friday as the community trudged through its fifth day of a battle against hackers who struck the city’s biggest hotel chain.

Hotel room rates for Las Vegas Grand Prix weekend have fallen by nearly 60 percent in some cases since they were first posted last fall. But an industry expert says that does not necessarily mean interest in the event is failing to meet expectation.

Las Vegas hosts millions of visitors every year either for business, pleasure or a bit of both, but no visitor is looking for bed bugs although they can pop up in hotel rooms across the valley.