The business of sports continues to get bigger in Las Vegas, which now goes by the moniker of “Sports and Entertainment Capital of the World.” that’s changing the perspective of the city and bringing visitors with it.
The ante will be upped yet again this week when the world will descend upon the Strip when the Las Vegas Grand Prix comes to town and brings an estimated $1.3 billion economic impact.
Steve Hill, CEO of the Las Vegas Convention and Visitors Authority who helped make it happen, told business leaders at recent NAIOP Southern Nevada event that it will bring in about $100 million in tax revenue that includes gaming, hotel tax and sales tax.
