International CES means big bucks for Las Vegas economy

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International CES means big bucks for Las Vegas economy

By Bryan Callahan. CREATED Jan 6, 2014

Las Vegas, NV (KTNV) -- The eyes of the tech world are on Las Vegas this week, as companies unveil their latest products at International CES.

It's taking place at the Las Vegas Convention Center Jan. 7 through Jan. 10.

A lot of the big companies are spending big bucks for their product launches in Las Vegas. That includes Panasonic, Samsung, DISH Network and Sony.

But getting enough people in town to make their presence known at CES, requires a lot of money for companies.

While that may not be a big deal for big names like Sony and Samsung, it can be more of a challenge for smaller budgets to grab headlines.

With an estimated 155,000 people coming to the Convention Center, cab lines are constantly moving with visitors coming and going.

Some cab drivers told Action News that can add up to ten extra fares a day.

Many hotels and restaurants are also picking up extra reservations, all adding up to a big win for the local economy.

CES could mean nearly $200 million in non-gaming revenue for Las Vegas.

Many companies are still keeping their products under wraps, hoping to make a big splash when the show officially opens on Tuesday.

Bryan Callahan

Bryan Callahan

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Bryan Callahan joined the Action News team as a general assignment reporter in August of 2013.