Board approves raise, $240K bonus for Las Vegas tourism agency CEO

The Las Vegas Convention and Visitors Authority (LVCVA) board recently approved a compensation increase for CEO Steve Hill, which includes a 6% merit raise and a performance bonus exceeding $240,000 [00:12].

This decision marks a significant progression in his compensation since he began the role in 2018 [00:20].

Salary Progression Overview

Period Detail

2018 Base salary was $375,000 [00:20]

2026 Base salary is over $500,000 [00:32]

Key Responsibilities and Achievements

Steve Hill’s role involves marketing Las Vegas globally, recruiting conventions and major events, and operating the Las Vegas Convention Center [00:39]. Board members cited the agency's performance under his leadership as the primary justification for the increase [01:15]. Notable events secured or managed during his tenure include:

Super Bowl: Hosted the first-ever Super Bowl in Las Vegas and secured a

nother for 2029 [00:47].

Formula 1: Launched the race on the Strip, which is now extended through 2037 [00:56].

NCAA: Scheduled to host the first men's Final Four in 2028 [01:07].

Budget Context

The LVCVA operates with an annual budget of approximately $460 million [01:23]. This budget is primarily funded by room tax revenue collected from hotel guests, which state law requires to be used specifically for the agency’s tourism mission [01:32].

When asked about the appropriateness of the bonus regarding the use of public funds, Hill stated he feels privileged to hold the position and defers to the board regarding his compensation [01:46]. He also confirmed that he is not involved in negotiations regarding his own pay [02:11].

https://www.youtube.com/watch?v=yZmOp2AceYk

Board approves raise, $240K bonus for Las Vegas tourism agency CEO

KTNV Channel 13 Las Vegas · 860 view