{"id":179591,"date":"2021-07-13T15:18:05","date_gmt":"2021-07-13T22:18:05","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=179591"},"modified":"2021-07-15T14:16:42","modified_gmt":"2021-07-15T21:16:42","slug":"las-vegas-tourism-agency-grants-500m-ad-contract-to-local-firm","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/las-vegas-tourism-agency-grants-500m-ad-contract-to-local-firm\/","title":{"rendered":"Las Vegas Tourism Agency Grants $500M Ad Contract to Local Firm"},"content":{"rendered":"

The Las Vegas Convention and Visitors Authority board of directors on Tuesday awarded R&R Partners a $500 million advertising and marketing contract to promote the city and its casinos across the globe.<\/p>\n

\"Las
Visitors pose for a picture at the iconic Las Vegas sign on the southern end of the Strip. The sign has welcomed tourists to Las Vegas for more than 60 years. (Image: Salt Water Vibes<\/em>)<\/figcaption><\/figure>\n

The six-year advertising arrangement with Las Vegas-based R&R is the largest contract the LVCVA has generated, according to the Las Vegas Review-Journal<\/i>.<\/p>\n

The LVCVA board also voted to grant a $160 million contract to New York-based Grey Global Advertising. The two-year contract, with two two-year options, is for social media branding.<\/p>\n

R&R has had the LVCVA contract for at least 40 years, according to KSNV-TV<\/em>. In 2003, the agency created the now well-known \u201cWhat Happens Here, Stays Here\u201d campaign for the LVCVA.<\/p>\n

\n

With offices in eight US cities and in Mexico City, R&R is led by CEO Billy Vassiliadis, a veteran Nevada political consultant and advertising executive. An elementary school west of downtown Las Vegas is named for him and his wife, Rosemary. She is the director of aviation for McCarran International Airport.<\/p>\n<\/div>\n

LVCVA President and CEO Steve Hill recently said R&R continues to demonstrate its \u201cunparalleled\u201d ability to market the \u201ccomplex and multifaceted\u201d Las Vegas area.<\/p>\n

Criticisms Roll in<\/h2>\n

\u00a0<\/span>The LVCVA\u2019s efforts are not without critics.<\/p>\n

Ted Newkirk, the founder of Access Vegas, recently said on Twitter he appreciates the LVCVA\u2019s role. However, they added that the agency is quick to shift blame when things aren\u2019t going well locally.<\/p>\n

\u201cIt seems like in bad times, they shrug their shoulders and blame the economy,\u201d<\/strong> he tweeted. \u201cIn good times, they take all the credit.\u201d<\/strong><\/p>\n

Tourism Doldrums\u00a0<\/span><\/h2>\n

After a tourism slump during the coronavirus pandemic, the Las Vegas area has begun to see an increase in the number of visitors. From March through May, more than two million visitors<\/a> made their way to Las Vegas each month. Also in May, the number of arriving and departing passengers at McCarran Airport topped three million for the first time this year.<\/p>\n

However, without conventioneers and international travelers, the Las Vegas visitor volume is not expected to reach pre-pandemic levels soon. These two segments are seen as vital in filling up Las Vegas\u2019 thousands of hotel rooms during the slower midweek days. Last year, some resorts on the Strip closed their hotel towers because of low consumer demand.<\/p>\n

Conventions Crucial<\/h2>\n

Since 1999, casinos on the Las Vegas Strip have generated more revenue from conventions and from hotel amenities such as entertainment and food than from gambling, the Wall Street Journal<\/i> reported. This makes \u201cthe destination all the more dependent on crowds to fill those venues,\u201d the newspaper reported.<\/p>\n

Conventions were nonexistent last year during the coronavirus pandemic. The LVCVA is hoping to turn that around.\u00a0<\/span><\/p>\n

In June, the first US convention since the March 2020 onset of the pandemic took place in Las Vegas. The World of Concrete trade group<\/a> held its show at the Convention Center, east of the Strip. This show was the first major event held in the $1 billion West Hall at the Convention Center.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Las Vegas Convention and Visitors Authority board of directors on Tuesday awarded R&R Partners a $500 million advertising and marketing contract to promote the city and its casinos across the globe. The six-year advertising arrangement with Las Vegas-based R&R is the largest contract the LVCVA has generated, according to the Las Vegas Review-Journal. The […]<\/p>\n","protected":false},"author":55,"featured_media":179592,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,18],"tags":[],"acf":[],"yoast_head":"\nLas Vegas Tourism Agency Grants $500M Ad Contract to Local Firm - Casino.org Las Vegas Tourism Agency Grants $500M Ad Contract to Local Firm<\/title>\n<meta name=\"description\" content=\"The Las Vegas Convention and Visitors Authority board of directors on Tuesday awarded R&R Partners a $500 million advertising and marketing contract Las Vegas-based R&R Partners has received a $500 million advertising contract from the Las Vegas Convention and Visitors Authority.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Las Vegas Tourism Agency Grants $500M Ad Contract to Local Firm - 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