{"id":1042,"date":"2008-11-24T14:56:00","date_gmt":"2008-11-24T22:56:00","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/blogs\/dmckee\/index.cfm\/2008\/11\/24\/G2E-scuttlebutt"},"modified":"2008-11-24T14:56:00","modified_gmt":"2008-11-24T22:56:00","slug":"g2e-scuttlebutt","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/g2e-scuttlebutt\/","title":{"rendered":"G2E scuttlebutt"},"content":{"rendered":"<p>Could <strong>Herbst Gaming<\/strong> President <strong>Ferenc Szony<\/strong> be headed to the <strong>Cosmopolitan<\/strong>? That was one of the rumors bruited about at G2E last week. It would make sense. Szony, one of <em>S&amp;G<\/em>&apos;s favorite gaming executives, is <a href=\"http:\/\/news.corporate.findlaw.com\/prnewswire\/20080313\/13mar20081751.html\" class=\"broken_link\">no stranger to operating in difficult markets<\/a>. Right now he&apos;s got the unenviable task of pulling the Herbst Gaming jalopy out of the deep ditch into which the Herbst brothers piled it.<\/p>\n<p>Also, the Cosmo still has no gambling expertise on board, a glaring omission for a casino-based property that&apos;s already got more than a couple of strikes against it. In Reno, Szony&apos;s had to keep the <strong>Sands Regent<\/strong> afloat in an out-of-the-corridor location and a declining market &#8230; and by all accounts, he&apos;s succeeded. He&apos;s got the right stuff, casino-wise, and should have been running a Strip property years ago. If the Szony-to-Cosmo rumor isn&apos;t true, it should be.<\/p>\n<p align=\"center\"><img loading=\"lazy\" width=\"352\" height=\"369\" src=\"\/userfiles\/Image\/fontainbleau_approach.jpg\" alt=\"\" \/>&nbsp;<\/p>\n<p><strong>Fontaine-blown?<\/strong> While over at the Convention Center, I heard a dire forecast regarding the future of <a href=\"http:\/\/www.vegastodayandtomorrow.com\/fontainebleau.htm\">Fontainebleau Las Vegas<\/a>. Namely, its splendid isolation, surrounded by various &apos;failsinos&apos; like <strong>Crown Las Vegas<\/strong> and <strong>Echelon<\/strong>, may result in very attenuated business. One greatly hopes otherwise, but don&apos;t discount the <strong>James Packer Factor<\/strong>: The Aussie heir has displayed a reverse Midas Touch of late and he&apos;s a key Fontainebleau investor.<\/p>\n<p align=\"center\"><img loading=\"lazy\" width=\"258\" height=\"372\" src=\"\/userfiles\/Image\/6a00d83451919069e200e54f2d5f968834-800wi.jpg\" alt=\"\" \/><\/p>\n<p align=\"center\"><em>Not a Harrah&apos;s property<\/em>.<\/p>\n<p><strong>The 11% Solution<\/strong>. More grim news from G2E &#8212; <strong>Harrah&apos;s Entertainment<\/strong> is contemplating <a href=\"http:\/\/www.lvrj.com\/news\/breaking_news\/34768159.html\">cutting its maintenance budget<\/a> by <em>as much as 89%<\/em>. Considering the disgustingly filthy condition of the <strong>Harrah&apos;s Las Vegas<\/strong> parking garage last Thursday night, I believe it. That place looked like it hadn&apos;t been swept up in weeks, if not months (though the casino itself was quite spic-n-span). The hobo encampment near <em>LVA<\/em> HQ is quite tidy and well-policed by comparison.<\/p>\n<p>So <strong>Frank P. in Negaunee<\/strong>, if you&apos;re reading this &#8230; <em>beware!<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Could Herbst Gaming President Ferenc Szony be headed to the Cosmopolitan? That was one of the rumors bruited about at G2E last week. It would make sense. Szony, one of S&amp;G&apos;s favorite gaming executives, is no stranger to operating in &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/g2e-scuttlebutt\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[66,104,7,123,96,79],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/1042"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=1042"}],"version-history":[{"count":0,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/1042\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=1042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=1042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=1042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}