LVCVA Board Chairman Tom Collins told a recent board meeting: "God bless Prince Harry. He made us a bunch of money", according to US gossip website TMZ.
The agency is reportedly unsure of how much the scandal boosted profits but officials say there is no doubt that the scandal had a positive affect on the local economy.
Prince Harry is currently in Afghanistan after being deployed for a four-month stint based at Camp Bastian in Helmand province.
Last month, Harry - who is known as Captain Wales while in the Army - was moved to a secure location under guard during a Taliban attack on his base.
He previously spent 10 weeks fighting in the region in 2007-2008 but was brought back to the UK when the media reported his whereabouts.