The CineVegas Film Festival has cancelled its 2010 edition due to the impact of the economic downturn, festival president Robin Greenspun and artistic director Trevor Groth announced.

Top brass plan to relaunch the festival in 2011 and said CineVegas would continue to have a presence in Las Vegas with one-off screenings and special events.

“Given the current economic climate and the pressures it has created, we made the difficult decision to put CineVegas on hiatus for the coming year,” Greenspun said. “CineVegas has become such a well respected film festival, and rather than allow the economy to affect its level of quality we have opted to put the event on hold.”

“We are so proud that CineVegas has grown to become a premiere showcase for uninhibited film-makers and a scintillating festival experience for our attendees,” Groth added.

“CineVegas has developed a growing legion of supporters over the years who truly appreciate film and life on the edge, and we thank them for all of their support. We are very sad to be announcing this hiatus, but it is our hope to keep the CineVegas brand alive and re-launch the Festival once the economy recovers.”

CineVegas will continue to have a presence in Las Vegas with one off screenings and special events.