Tuesday, August 9, 2011

LVMS creates $194 Million economic impact for Las Vegas!!

LVMS NASCAR Weekend shows dramatic increase in
economic impact $194 impact!

The 2011 NASCAR Weekend once again proved to
be a huge economic windfall for the
Las Vegas economy. This year’s event posted the third-highest
financial impact on the community in the 14-year history of the event.

This year’s event, held March 4-6,
contributed $194,699,000 to the local economy, according to figures released by
the Las Vegas Convention and Visitors Authority. That represents a staggering
17.4-percent increase in economic impact over the 2010 event.

“This is tremendous news for our entire
community,” said LVMS President Chris Powell. “This is a major shot in the arm
for all local merchants. It’s also a great indicator that NASCAR remains strong
and is a major player in
. This is the biggest
sporting event each year in
Nevada, and we’re proud of the role the speedway plays
within the community.”

The survey showed that race fans attending
this year’s event spent an average of $252 more per person that fans attending
the 2010 event. However, ticket prices remained steady and the average rate for a room dropped by $7 per night.

Las Vegas and NASCAR continue to have a great
relationship and the annual NASCAR Sprint Cup race is the largest single-day
event in

each year,” said Rossi Ralenkotter, president and CEO of the Las Vegas
Convention and Visitors Authority.  “This year’s race demonstrated
once again that 
Las Vegas continues to be a fan favorite on
the NASCAR circuit and we look forward to many more years of successful

The race weekend included the Kobalt Tools
400 NASCAR Sprint Cup Series race, the Sam’s Town 300 NASCAR Nationwide Series
race, Stratosphere Pole Day and two nights of dirt-track racing for USAC and
the World of Outlaws.

“Everyone knows that Las Vegas has the best of everything,” said Las
Vegas Mayor Carolyn G. Goodman. “We have the best hotels, the world’s greatest
restaurants, incredible boutique shopping and we have no equal when it comes to
our entertainment lineup. I’m very happy to say that our annual NASCAR Weekend
continues to be among the most exciting on the circuit providing fans with a
great experience. These races have become part of the draw of
Las Vegas and I look forward to many more in the
years to come.”

Tickets for the 2012 NASCAR Weekend already
are on sale at www.lvms.com
or 1-800-644-4444.

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