14 JUN 2018: The CEO of the publicly funded agency responsible for promoting Las Vegas has announced that he is preparing to retire. The Las Vegas Review-Journal reports Las Vegas Convention and Visitors Authority CEO Rossi Ralenkotter told the authority board on Tuesday that he's talked with board members about putting together a financial retirement package.

He did not specify when he would officially step down.

Ralenkotter has led the agency since 2004 and his retirement announcement comes after a year of battling cancer and criticism for the agency's misspending.

A report released Friday showed that auditors could not account for more than $50,000 in Southwest Airlines gift cards bought by the agency. The report says Ralenkotter and his wife had used more than $16,000 in gift cards for personal travel.

Ralenkotter has apologized and paid back the money.

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