Archive for the 'Quote Of The Day' Category

Dancing in the streets

The downturn in the economy has been accompanied by the downturn in the tone of reporting in gaming.  As always Las Vegas and the famous Strip set the tone for the entire industry.  When things were better and gaming was growing and spreading like a weed, hardly a week passed without a new announcement from Las Vegas – projects stacked up on the drawing board like planes waiting to land at a very busy airport – each new project was to be bigger and more expensive than the last.

As we all know those days are past and now the projects filing bankruptcy are lining up in court the way cars line up in a traffic jam in a major city, all waiting to get out of town.  But more than the bankruptcies there is the news of smaller convention accompanied by more effort to bring fewer people who will spend less money.  The low point for me, however, was the story about casinos suing convention organizers for unused rooms – some of the suits are to recover $12,000 – that is TWELVE THOUSAND DOLLARS – that used to be a tip on the Strip not an issue of litigation and one worthy of losing a customer to recover. And this from a company that will opening a multi-billion dollar resort in a month.

And finally, the dancing in the streets; in typical over-the-top Las Vegas fashion, strip-club owners are sending pole dancers up and down the Strip in glass cages to attract customers. What fun, might we see whole parades of personal service providers on elaborate floats going down Las Vegas Boulevard? A Rose Parade of pageantry every day.

Meeting cancellations prompting suits
Las Vegas hotel-casinos seem to be increasingly suing companies and groups for failing to pay fees related to convention and meeting cancellations.  With so many meetings canceled after the recession struck the nation, and casino resorts fighting for every available dollar of revenue, these suits are regularly showing up in Clark County District Court in Las Vegas…The university canceled the contract but failed to pay required damages of $12,359, charges the suit filed by attorneys for the MGM Mirage resort. Steve Green, Las Vegas Sun
http://www.lasvegassun.com/blogs/business-notebook/2009/nov/12/meeting-cancellations-prompting-suits-economic-div/
CityCenter Realtors hit with cut in commissions
The 30 percent drop in condo prices at CityCenter is going to cost Realtors in commissions. Bob Hamrick, CityCenter’s broker, met with about 70 preferred agents (those who have had a sale) Nov. 6 at the development to inform them about the new commission strategy and give them a tour…When CityCenter cut its prices by a half-billion dollars to help buyers close on the condos, Hamrick says it was only natural that commissions be cut as well. Brian Wargo, Las Vegas Sun
http://www.lasvegassun.com/news/2009/nov/13/citycenter-realtors-hit-cut-commissions/
Station wants to block competitor from seeing its financials
Station Casinos…is asking its bankruptcy judge to reject efforts by competitor Boyd Gaming Corp. that Boyd have a look at Station’s detailed financial information. On Nov. 1, Boyd filed court papers supporting a motion by a minority group of lenders that an examiner be appointed to study Station’s finances.  Steve Green, Las Vegas Sun
http://www.lasvegassun.com/news/2009/nov/12/station-casinos-wants-block-competitor-seeing-its-/
Troubled Privé owner files for bankruptcy
The cost of recent legal troubles has forced embattled nightclub owner Privé Las Vegas to file for Chapter 11 bankruptcy protection. The Miami-based company owns the Privé and its sister ultralounge, The Living Room, at Planet Hollywood Resort. Arnold M. Knightly, Las Vegas Review-Journal
http://www.lvrj.com/business/troubled-priv233-owner-files-for-bankruptcy-69949907.html
Attracting Business: Rolling strippers stir debate
Before long, 20 women in g-strings and pasties will be dancing lewdly on a long flatbed truck, Commissioner Steve Sisolak said.
Passion speaks over a public address system installed in the truck and asks a carload of males to follow it to the club if they would like to have a full nude dance. The young stripper wrapped herself around a chrome pole inside a giant Plexiglas box on the back of a rolling truck…beckoned drivers and pedestrians on the Strip with her skimpy outfit, come-hither smile and suggestive moves that included flipping upside down with legs spread…The all-nude clubs Déjá Vu Showgirls and Little Darlings began hauling dancers up and down Las Vegas Boulevard a couple weeks ago to lure patrons, whose numbers have dwindled in the recession. Scott Wyland, Las Vegas Review-Journal
http://www.lvrj.com/news/rolling-strippers-stir-debate-69836637.html
Advertisements

Beshear said Ohio’s decision “reinforces the urgency” to pass the lottery terminal bill, which would allow the slot-like machines at Kentucky horse tracks.


Disclaimer

This is a personal blog and the information in articles posted here represents my personal views. It does not necessarily represent the views of people, institutions or organizations that I may or may not be related with, and is not sponsored or endorsed by them unless stated explicitly. Comments and other public postings are the sole responsibility of their authors, and I shall not take any responsibility and liability for any libel or litigation that results from information written in or as a direct result of information written in a comment. All trademarks, copyrights, and registered names used or cited by this website are the property of their respective owners. I am not responsible for the contents or the reliability of any articles excerpted herein or linked websites and do not necessarily endorse the views expressed within them. I cannot guarantee that these links will work all of the time and have no control over the availability of the linked pages.

Pages

December 2017
M T W T F S S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031