Ashley Balducci

The Board of Directors reviewed various marketing and operational reports, including a visitor profile study, updates on Las Vegas Convention Center improvement projects, and a marketing partnership initiative. Financial actions included the approval of an international tourism promotion services agreement for Canada, authorization of exhibition booth construction for IPW 2026, and approval of an event planning software agreement. Additionally, the Board awarded a contract for HVAC chiller maintenance, delegated authority for design and engineering services, adopted a resolution for a refunding bond sale, and reappointed an external audit firm for the upcoming fiscal year.

The Board of Directors discussed and took action on several administrative and operational items. These included appointing a new Board member, electing a new Treasurer, and ratifying committee appointments. Presentations were provided regarding LVCVA operations, marketing initiatives, and achievements. Specific action items approved included a sponsorship agreement for the Las Vegas World Masters Darts Championship, a license agreement with FedEx for business center operations, an amendment to the online marketplace agreement with Amazon Business, and a parking lot agreement with Taxi Management LLC. Additionally, the Board authorized design and engineering services for convention center improvements, adopted a resolution for a refunding bond sale, and reappointed an external audit firm.

The Board of Directors received presentations regarding the 2027 College Football Playoffs, Super Bowl LX marketing efforts, recent culinary and cultural event promotions, and Destination Sales Department productivity. Action items included awarding a contract for the replacement of data center air conditioning units, authorizing a grant agreement for the Forever One Memorial construction, approving a data warehouse configuration support amendment, and adopting a resolution for the 2026A Refunding Bond sale. The meeting also included reports on quarterly budget and statistics, and a contracts report.

The Board of Directors meeting addressed several key agenda items requiring possible action. Discussions included presenting the 2025 Las Vegas Visitor Profile Study for information, authorizing a three-year agreement for international tourism promotion services in Canada with Reach Global Marketing, and authorizing an agreement with Conex Exhibition Services for the design and build-out of the LVCVA's exhibition booth for IPW 2026. The Board also considered authorizing an agreement with Cvent Inc. for event planning, management, and marketing software, awarding the bid for HVAC Chiller Maintenance at the Las Vegas Convention Center to Chill Rite, Inc., and delegating authority to select vendors for LVCC improvement projects design and engineering services. Furthermore, the Board considered resolutions for the issuance of 2026B Refunding Bonds to refund Series 2016C bonds, which is projected to yield approximately $4.5 million in total savings. Other actions included authorizing a $5,000,000 grant agreement with the Vegas Strong Fund for the Forever One Memorial construction and authorizing an amendment with Plante & Moran, LLC, for data warehouse configuration support. The Board also reviewed the 2026A Refunding Bond Sale Resolution for partial refunding of 2015A bonds, generating estimated savings, and received an informational presentation on the Quarterly Budget and Statistical Report ending December 31, 2025.

Key discussions during the meeting included presentations on the LVCVA's 2025 marketing achievements, such as securing major headlines, managing social media growth to over 12 million followers, and highlighting successful campaigns and stunts, including those related to the Beyoncé photoshoot and Formula 1. Operations updates covered the recent ribbon-cutting for the Las Vegas Convention Center renovation and milestone attendance figures for CES. Destination Sales reported on significant room night bookings, including both new client acquisition and retention wins. An Air Service Development update detailed record capacity in 2024, capacity contraction in the second half of 2025 due to value airline instability and reduced Canadian visitation, and strategies for maintaining connectivity. Action items approved by the Board included authorizing a five-year agreement with Axon Enterprise, Inc. for body-worn cameras for armed security officers and ratifying the liability insurance policy for the Las Vegas Monorail. Furthermore, the Board approved proposed amendments to Board Policies concerning the CEO/President's delegated signature authority and the establishment of titles/salaries for positions reporting directly to the CEO/President. The Marketing Committee Charter review confirmed no required revisions.