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Las Vegas Nightclub Prive Files For Bankruptcy
The owners of this Las Vegas staple probably invested all the club earnings one day into daytrading LVS or WYNN, and by the looks of things, busted out. In other news, Las Vegas is thriving and business is doing really hot.
The club located at the Planet Hollywood hotel, lists among its top 20 largest creditors the following curious entity:
Madam
P.O. Box 750513
Las Vegas, NV 89136
One can only wonder what really happened in those VIP suites.
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What puzzles me is that they worked an online poker ban into the Ports Bill years ago, but stock market gaming online is alive and well. At least playing poker I was winning on a consistent basis!
Of course it was the brick and mortar casino lobbey that wants online gambling banned.
Online poker will be permitted as soon as GS develops a program that allows it to see everyones' hands as well as their own.
:) :)
GAIA at work.
My friends, our long march through the institutions is finally over. There is no aspect of what we hopefully will soon be referring to as the former United States of America — the “Supreme Soviets of America” has a much better ring to it, no? — that Hussein does not want to fundamentally change: the rapacious, malevolent private sector, the wrong-headed notions of individual “freedom” (the Education Department will soon fix that), any reference to this ever having been a Christian country, and that wicked charter of negative liberties, the Constitution, especially the so-called Bill of Rights. Imagine allowing anyone to say anything about political figures at any time, or owning a firearm, or, Gaia forbid, reserving to the states all powers not specifically enumerated to the federal government. In the interests of a happier, poorer, less polluting, freer America, this stuff has got to go.
Which was the point all along. In every one of the Emperor Hussein’s speeches, not only does the song remain the same, so do the words. I want you to do this. I am going to force you to do that. I will not allow you to do whatever. Not since Thomas Friedman got his column at the New York Times has anyone so abused the first-person singular. Indeed, Barry’s patented speeches are an orgy of solipsistic onanism, his animus apparent, his feelings deeply sensitive. Even though he’d like to discuss these crucial reforms civilly, the time for talking is over. Cross him and he will call you out. And whatever you do, don’t get him all wee-wee’d up.
So let’s all pledge our allegiance to the Emperor Hussein and to the new country for which he sings. You know the tune: ha-huh-ha-huh-ha-huh-ha-HUH . . . ha-huh-ha-huh-ha-huh-ha-huh. We’ve got more than three years to remake this dump, and, though you have to admit we’re off to a great start, there’s still a lot to do, and we’re in a big hurry. Because this time, it really is personal.
David Kahane
http://www.youtube.com/watch?v=zSEaHyzbqTA&feature=player_embedded
Took your crazy pills this morning, didja?
Brother you don't have it. Bet not against me. I've got the halo.
is that what they calling a johnson ring now?
I hate those new fucking hand soap dispensers that spit out that fucking frothy foamy soap. You gotta pump that fucking thing 20 times to get any decent soap out! Bloody hell!
you can always tell right wing nut job junker by his ad hominems
Are you for real? You must love to be lied to. I can not help drones. Why are you here at ZH?
What's GAIA?
http://en.wikipedia.org/wiki/Gaia_(mythology)
They now run the Sierra Club. Read the writings of the main idiot - he believes humans should be eliminated so the plants can live a better life.
http://www.zerohedge.com/search/node/gaia
http://www.youtube.com/watch?v=9kom0OmQV5o
Gaia crazies are now running America. Do your own research brother. I am just a simple real estate broker - what do I know.
All hail the OG
I don't think one has to wonder what went on in that (or most) VIP rooms, i think one knows.
mmmm, hookers and blow.
i miss vegas, i need to move back.
funny story bout that.
bout in 1999 for 136k
sold in 2007 for 290k
avail now for 118k....
and in 1999 it was brand new
They hit the wall after providing too many "paid" birthday parties to Paris and LiLo.....
That's funny, I wonder which floor or floors the Madam had.
The "madam" and the Prive should have known to never, ever (as in never) extend credit for immediate consumables...too easy to dispute charges on the AMEX when doing expense reports or the wife checks the bill online...heck, even my wife waits for the direct deposit to go through on Fridays....:) </sarcasm off>
RE: Madam
http://www.free-press-release.com/news/200812/1228264387.html
Not what you think.
I like Steve Wynn's and a lot of other people like my self's too late to use recovery idea. Give all the money that was given to banks to the people. He penciled it out to $30,000 a piece. Whats wrong with that? The gold toilet seat crew would have to settle for phenolic and the economy would be lifted by the people who are now crushed by the weight of the megalomaniacs super little plan to save the world?
How swell was that? The hits just keep on coming in the new Plutarchy.
You can just smell the money being printed with this plan but you would have seen the money getting spent with the other.
The rarest commodity in this paradigm is middle ground.
Signed: Not too big to not fail.
I guess Saffaires wil be next. Oh well
How unusual- a large amount due to a general contractor and subs, a large amount of sales tax kept, a large amount due to the owners of the land and improvements, but not one bank is owed money. All federal payroll taxes paid.
What wasn't paid to those went into something. Man that living High on the Hog
There's a little more to it than this.
The club had been in trouble for several months - strongarming customers, providing "open and notorious" prostitution and drug sales (in the words of the Nevada Gaming Control Board), admitting and serving minors, and permtting lewd acts in public.
The Gaming Control Board threatened Planet Hollywood with the loss of thier gaming license, The Clark County Commission pulled both their liquor and business licenses, and the club has been closed for almost two months with no chance of opening again (as we now know).
In addition, certain members of management have had their Liquor and gaming control cards pulled, and been banned from entry into other gaming facilities.
It's too bad, in a way - kinda reminds me of the Old Vegas when "Da Boyz" ran everything.
But,this one's "Eleven Going Seven" ...and deservedly so.
KptLt.Laughing swordfish
9er Unterseeboote Flotille
Thanks for the clarity. So it was never on the books. The balances on the bankruptcy document are for income tax filing only. Makes sense now.
Hey Laughing Swordfish, didn't the 9er Unterseebootsflotille have a commander named Lehman?
I guess everything associated with Lehman eventually goes kaput, including German U-Boat flotillas.
Yes.
Kapitan-Leutnant Heinrich Lehmann-Willebrock (1911-1986)
Holder - Ritterkreuz zum Eisernkreuzen (Knight's Cross of the Iron Cross)
Co of U-96 1941-1942. One one of his patrols, he embarked one Leutnant Lothar Buchheim, a war correspondent, who went on to write two books about his experiences - Das Boot and Iron Coffins.
Das Boot, of course, was made into an Academy-Award winning movie. A great flick available on Netflix (get the director's cut - has material not in the original which adds a lot to the story).
There was also an Oberleutnant Hans Lehmann - co of U-997 from 1943-1944.
The 9er UnterseebooteFlotille had a very proud war record - almost one million tons of allied shipping destroyed, at the cost of 234 of the 330 U-Boats that served with this outstanding formation.
Why "laughing swordfish" ? Great symbol. And much pride and discipline -even in a losing cause. I am a retired USN submariner with service in the 637, 688 and i688 classes of attack boats, retiring as a Chief Sonarman. In the early 1980's I had the privilege of serving a NATO Exchange Tour with the real-life Bundesmarine 9er Flotille, who to this day preserve the laughing swordfish as their symbol and legacy.
They've come a long way from the Type VIIc and Type IX boats of their day. Their modern type 209's and 212's, while non-nuclear, are long-legged, swift and utterly silent.
Yes, most things named Lehman do go kaput, but had Dickie Fuld been in charge back then, the allies might have won the battle of the Atlantic a year sooner.
Besides, swordfish's natural diet includes squid.
KptLt. laughing swordfish
9er Unterseeboote Flotille
Excellent post. Have you read Shadow Divers?
ZOMG. Must watch.
Damon Vickers of Nine Points. The dollar will be destroyed... utterly worthless...Global currency crisis...One world government...New World Order...
http://www.youtube.com/watch?v=UpgZx-9FLbE&feature=popular
They must feel very comfortable with their plans, as this is increasingly being discussed in the public. They are probably testing the public to see what the reaction is, if there is any push back and the response.
The truth is this country has massive resources, but the power that be are restricting tapping into new deposits (including oil & coal). This country can only be destroyed from within.
Wow, Damon Vickers is a complete tool.
I am Chumbawamba.
I dunno, Tyler, if the rest of Las Vegas business is "really hot" or not. According to LASVEGASNOW.com June 4, 2009, "Like Nevada's gambling, hotel and convention industries, the prostitution business has hit hard times."
Nevada Brothel Association lobbyist George Flint estimates that bordellos have seen a roughly 50 percent drop in revenue since the economy turned sour. And now “at least one legal brothel in Nevada is trying to add men to its menu of services” to boost the brothel biz.
According to Flint, "Business is so bad right now, I think brothels would do anything to survive.”
Likewise, the Las Vegas Sun on Sept. 10, 2009 reported “gaming revenue on the Strip fell by 11.1 percent in July, continuing a 19-month stretch of declines in the resort corridor that accounts for more than 50 percent of the state’s gaming business." This comes after a 14.6 percent drop in July 2008.
The Gaming Control Board reported the statewide gaming win in July, computed before business expenses and taxes, down 12.4 percent.
Why? Well, “There’s been a double-digit decline in spending by locals and tourists coming into the casinos…"
There was even a decline in the win in the penny machines, down 4 percent from a year ago. (There had been strong growth in this area in past months after many casinos took out nickel and quarter machines and replaced them with penny slots.)
Shades of "Brother, can you spare a dime? A nickel? A penny…?"
I dunno, Tyler, if the rest of Las Vegas business is "really hot" or not.
It's not. I'm thinking TD was be poking fun in a sarcastic way.
Underneath the seedy veneer Vegas is a city that is 'owned' by the Fed's, and I'm not talking about the Federal Reserve. If that relationship was not there Vegas would have imploded 9 months ago.
You’re right, of course. Thanks for the post. And biz summary.
so every morning I walk past a "Mensa" school - you know for the really smart types. There's this really hot woman who I sometimes pass as she is walking into Mensa. This makes me wonder. What the heck does one say to a woman who is rocket science smart? You can't exactly talk about the weather because she would probably give you climatological break down as to what is happening in the atmosphere at that moment. Can you imagine sitting on the couch with Hot Mensa Babe and not having a clue what to talk about? You might blurt out "so, what about those nano particles?" You would think it was the dumbest thing you ever said except that her face would light up like a Christmas tree and she would proceed to babble excitedly for the next 3 hours about nano particles about which you know diddly.
MensaMarla - you want to answer this one?
Books
Vegas Nightclub Partners of Miami owed $450k?
Wonder who that might be.................
Vegas was ahead of the times, visionary Bugsy Siegel. Now all the markets are casinos.
Vegas is the gate to hell - if you belive in such things. Heresay from a reliable source. And example of what you can buy in Vegas: One high roller orders the casino to provide dozens of live rabbits for his room. At the end of his stay, these rabbits are found dead -- shot or knifed or strangled and sometimes, peeled apart. They have special "cleaners" for the rooms of the high rollers.
In other Las Vegas news: can your stock broker also be your bookie? Why yes!!!
Ahh, the synergies! who'd've thunk?