Las Vegas Banks on New Year's Eve Boost - 8 News NOW

Las Vegas Banks on New Year's Eve Boost

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LAS VEGAS - Las Vegas is preparing to welcome hundreds of thousands of tourists for New Year's Eve. The event provides a big boost to the local economy.

More than 335,000 tourists are expected to pack the Strip Tuesday night to ring in 2014. Those visitors will do much more than count down the new year. They will dine, gamble and stay in hotels, which translates to a $213 million infusion to the Las Vegas economy according to the Las Vegas Convention and Visitors Authority.

LVCVA officials say tourism drives the valley's economy, and many are celebrating New Year's Eve in Las Vegas because of the city's shows, concerts, fine dining and impressive fireworks show.

"What's different this year is they're doing a countdown. Grucci Fireworks is doing a countdown from the Stratosphere. So, for ten seconds, there will be fireworks lit from the Stratosphere to signal the show and the ringing in of 2014," said LVCVA Spokesperson Heidi Hayes.

Those ten seconds of fireworks leading up to the new year took five days to set up. Pyrotechnics will launch from seven resort rooftops, lighting up the Las Vegas skyline.

Grucci Fireworks is a family owned company that has handled fireworks shows for more than 150 years.

If you plan to watch the show from the Strip, be prepared for road closures. Las Vegas Boulevard will be closed to all traffic beginning at 6 p.m. New Year's Eve.

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