Home Attractions Dining Gaming Hotels Museum Nightlife Recreation Resources Shopping Shows Weekly Column
 
This Week's Column
Ask Rick
Features Archive
Q&A Archives
Column Archives

Subscribe to the
Vegas4Visitors
Weekly Column
Powered by groups.yahoo.com
Vegas4Visitors.com
Privacy Policy

Get Our Feed

Las Vegas News of the Week

 
May 4, 2009
Vegas4Visitors Weekly

by Rick Garman


Binion’s and Four Queens Sued
How do you evict a hotel?

That’s the question some people are asking after a collection of land owners filed suit against Binion’s and The Four Queens for back rent and requested that the two properties be put into receivership.

Downtown Las Vegas is complicated from a real estate perspective. Much of the land on which the big hotel-casinos sit is made up of a bunch of smaller parcels owned by a bunch of different people who then charge rent as a collective to the building owners.

Both Binion’s and The Four Queens are owned by the same company headed by Terry Caudhill. That company reportedly requested a decrease in the overall land rental fees but not only did the landlords say no, they turned around and filed the aforementioned lawsuit.

For now the two hotels are operating business as usual but rumors of layoffs and other cut backs at the properties along with the lawsuit are putting big question marks around their future.

return to the top


And I Thought My Landlord Sucked
Fontainebleau Falters
Work on the nearly $4 billion
Fontainebleau hotel has slowed down as workers are being laid off and furloughed after banks pulled the plug on financing for the project.

The hotel casino, currently under construction on the north end of The Strip near The Riviera, was scheduled to open in October but that day could be in jeopardy now.

Things got ugly a couple of weeks ago when the consortium of banks that were lending the developers money to complete the project suddenly cut off funds due to, they say, a missed debt payment.

The developers on the other hand said no debt payment was missed and immediately filed a $3 billion lawsuit against the banks.

While all this gets sorted out, money has grown tight at the construction site and workers are being told to pack their lunch pails and head home. Construction continues but at a much slower pace that threatens to grind to a halt altogether if the purse strings aren’t loosened soon.

return to the top

Real Deal Real Done
So there was this show for awhile at
The Venetian called “The Real Deal.” It was a live poker show where professional card players would compete against audience members, both in a real game and via interactive devices, for prizes.

I went to go review the show back in January. When I arrived at the box office the ticket agent told me that the show had been cancelled. I asked, “Cancelled tonight or cancelled forever?” She looked around and said, “The latter.”

When I e-mailed the publicist that arranged the tickets for me she apologized profusely saying the sudden closure caught everyone by surprise. I shrugged and went on with my life.

But we may find out what really happened now that The Venetian has filed a $1 million lawsuit against the show’s producers, saying they breached contracts and committed various other sue-able offenses by shutting down the show without warning.

The producers are saying that The Venetian pulled the plug on the show and so there may be a countersuit involved.

So what’s the real deal? Stay tuned.

return to the top

Now That's What I Call Bad Luck
I did well at the casinos in 2008. Seriously well. But so far 2009 has been very unkind to me from a profit-loss perspective.

But from now on whenever I get depressed about losing I’ll just think about Terrance Watanabe.

Watanabe is a Nebraska philanthropist who was arrested last week on a variety of fraud charges after racking up… you should probably sit down for this… after racking up $14 million in gambling debt at various Las Vegas casinos.

Makes you feel a little bit better about that $20 you lost in a slot machine doesn’t it?

return to the top

Feature of the Week

 
Danny Gans Dies at 52
1956-2009

Las Vegas headliner Danny Gans, best known for his uncanny celebrity impersonations, has passed away. He was 52.

Paramedics were called to Gans house early on Friday, May 1 by his wife who found him in bed not breathing. He was declared dead shortly afterward. No cause of death has been determined yet.

Gans has been a fixture on the Las Vegas entertainment scene since 1996 when he began a standing gig at The Stratosphere. He moved to The Rio for a few years before friend and casino magnate Steve Wynn lured him to his own custom built theater at The Mirage in 2000. He performed there until last year when Wynn once again called him to be the headliner at his new hotel Encore. Gans’ show at that hotel opened in February.

Known for his rapid fire impersonations of everyone from George Burns to Kermit the Frog, Gans was a big draw for both tourists and locals, regularly selling out shows and drawing “Best of Vegas” type awards.

Reaction from friends and fellow performers began pouring in immediately.

Steve Wynn released a statement on Friday: "Elaine and I and all of us in the company are devastated at the loss of our brilliant, talented and loving friend. One of the most unique human beings and entertainers in the world has been taken from us in an unexpected moment. A profoundly tragic event that leaves us all sad and speechless. The loss of Danny to his wife, Julie, his children, Amy, Andrew and Emily, is at this moment impossible to comprehend. We will all try to go on with our lives without our dear friend. At this moment, it seems almost impossible."

In a statement also released on Friday, Cher said “I was shocked and saddened to hear of the sudden passing of such a unique and gifted talent.”

And longtime Vegas headliner Lance Burton said, “The news of Danny Gans’ passing is unbelievably shocking. Las Vegas has lost one of its best ambassadors. He was quite simply one of the greatest entertainers ever to step foot onto the stage. In my 27 years in Las Vegas , I have never seen anyone better.”

It is too early to know what will happen to the theater in which Gans performed at Encore. For the time being it will be used for short run headliner shows including a stand from Beyonce in late July.

Two interestingly timed stories have emerged in the days since Gans’ death.

First is word from Gans’ manager that the entertainer had just finished his autobiography on Wednesday, less than two days before he died. He was reportedly going to have a meeting with publishers this week.

Second is a sudden change in the program during Gans’ last show on Wednesday night. Instead of the number he usually closes with, Gans instead chose to end the night with a version of Bobby Darin’s “The Final Curtain.”

As of this writing, the Encore Las Vegas website is featuring a video of Gans performing that song – it’s worth checking out.

return to the top

Feature of the Week

 
CityCenter Settled; Bellagio Buy Back?
Wynn Again?

After months of negotiation, tribulation, accusations, litigation, and general acrimony, it appears that CityCenter will be completed after all.

The $8 billion plus complex of hotels, condos, casino, shopping, and entertainment facilities was in danger of sinking into bankruptcy after a rift between partners MGM Mirage and Dubai World. The short version is that MGM Mirage is having financial difficulties and Dubai World grew concerned about their massive investment, causing them to halt their contributions toward debt payments. The project was short more than a billion dollars needed to complete it.

Now the two partners have kissed and made up and financing has been secured, virtually guaranteeing that the complex will open as scheduled.

A condominium tower called Vdara will open first in October with the main hotel and casino, Aria, opening in December. The rest of the property will open in stages after that.

Despite fixing their money problems with CityCenter, MGM Mirage is still sailing through some rough financial waters and is rumored to be actively shopping many of their properties in an effort to stave off bankruptcy. Hotels in Mississippi and Detroit are already up for sale and several Strip casinos might get their own Craig’s List ads soon. But who would want to buy a massive and expensive Vegas hotel right now?

Apparently Steve Wynn, for one.

Bellagio was Steve Wynn’s crown jewel, at the time the most expensive hotel-casino ever built and the shining star of his portfolio of properties that included The Mirage, Treasure Island, and the Golden Nugget. Wynn sold those hotels to MGM and went on to build Wynn Las Vegas and Encore.

Now, he may very well get his crown jewel back.

Steve Wynn has expressed interest in possibly buying back Bellagio or extending his North Strip reach by acquiring Circus Circus. His comment were reported in the Las Vegas Review Journal last week although it is important to note that at this point it is merely him suggesting that it was interesting and not something that was actively being pursued.

return to the top

 
Web www.vegas4visitors.com
Vegas4Visitors.com Store - Powered By Amazon.com