No, we didn’t forget to take a gander at the papers while we were away in paradise (aka the great city of Los Angeles). Here’s a few Quick Hits that arose therefrom:
» A lot of people make a big deal about approval ratings. They cite President George W. Bush’s low-30s approval ratings (or even better, [...]
LOS ANGELES — We’re still digging out from the pile of work that piled up in big piles on our desk while we were away in Carson City and then again this weekend, at the fabulous Los Angeles Times Festival of Books. We spent most the weekend trudging around the UCLA campus like a sherpa, [...]
Riv Acquisition, the consortium of Brett Torino, Robert Sillerman, Paul Kanavos and Barry Sternlicht, has picked up additional support for its bid to push out the current Riviera Holdings board of directors in favor of an insurgent slate of candidates. Today, Arrow Capital Management, which controls 3% of RIV stock, released the following statement:
Arrow Capital [...]
Assemblyman Bob L. Beers (my candidate for Nevadan of the Year) credits grass-roots organizing and letter-writing by dealers and their allies with the resurrection of his AB 357. This bill, which would put an end to Steve Wynn’s heinous practice of confiscating Wynn Las Vegas‘ dealers’ tips and using them offset payroll costs, has been [...]
Frank Fahrenkopf’s American Gaming Association has announced the newest entrants to its Gaming Hall of Fame (why can’t they just call it "Gambling"?), to be inducted on Sept. 20. Three of the choices should be non-controversial. For instance, I can’t imagine anybody (except maybe rival illusionists) having a beef with the choice of David Copperfield. [...]
Say what you like about Paul Kanavos and his confederates at Riv Acquisition — Robert Sillerman, Brett Torino and Barry Sternlicht — they don’t have any "quit" in them. Yes, they’ve had two takeover attempts of Riviera Holdings rebuffed, once by the shareholders and once by the current board. But rather than take "no" for [...]
CARSON CITY — We at Various Things & Stuff are about to end our Big Capital Adventure, but there are a few last minute things to blog about before we head for the airport. Here we go!
• It’s back! That proposal to keep the Wynn Las Vegas from stealing tips earned by its dealers [...]
CARSON CITY — The third time is (totally not) the charm. That’s what state Sen. Dennis Nolan must be thinking today, after his latest effort to legalize red-light cameras fell flat. (Actually, it fell even more than flat, earning only six votes in the 21-member upper house.
Nolan said it was his third time trying [...]
The Stratosphere and Arizona Charlies are changing hands now that New York investor Carl Icahn has decided to move on. He has made $1 billion on getting those very distressed properties up and running over the last seven or eight years.
Of course, he was helped by the folly of the Stratosphere’s original owner Bob Stupak. [...]
Business travelers in Europe are making full use of the high-speed European trains system, reports the New York Times. Of course, with downtown stations and congested roads to airports in London and Paris, that makes sense.
With large populations in compact areas, the Europeans have a natural advantage in using high-speed rail. As one traveler [...]