{"id":155,"date":"2009-07-07T19:22:00","date_gmt":"2009-07-07T23:22:00","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/blogs\/dmckee\/index.cfm\/2009\/7\/7\/Fertittas-reinvest-"},"modified":"2011-10-27T09:56:10","modified_gmt":"2011-10-27T17:56:10","slug":"fertittas-reinvest","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/fertittas-reinvest\/","title":{"rendered":"Fertittas reinvest &#8230;"},"content":{"rendered":"<p>&#8230; not in <strong>Station Casinos<\/strong> but in <strong>Orange County<\/strong> real estate, <a href=\"http:\/\/southcoasthomes.freedomblogging.com\/2009\/06\/26\/vegas-tycoon-buys-emerald-bay-home-for-28-million\" class=\"broken_link\">it would seem<\/a>. The neighborhood is popular with casino moguls who have run their companies into the ground: A <a href=\"http:\/\/virtualglobetrotting.com\/map\/54755\">nearby<\/a>, <a href=\"http:\/\/www.lvrj.com\/business\/14480107.html\">$35 million crib<\/a> is a domain whose master is <strong>Jerry Herbst<\/strong>, late of <strong>Herbst Gaming<\/strong>, recently surrendered to its creditors.<\/p>\n<p>At least <strong>Frank J. Fertitta III<\/strong> can argue that he was bargain-shopping, as his <strong>Emerald Beach<\/strong> <em>pied-a-terre<\/em> was purchased for 24% off list price. Station employees, however, aren&#8217;t likely to be house-hunting anytime soom.<\/p>\n<p>I&#8217;m reminded of something <strong>Transport Workers Union<\/strong> representative <strong>Joe Carbon<\/strong> said last week: &#8220;<em>That&#8217;s what it&#8217;s about &#8230; the CEOs making their $25 million and the workers having their health plan cut.<\/em>&#8221; He wasn&#8217;t speaking of Station or Herbst specifically but the consequences of poor leadership at both redound primarily to the workforce &#8212; and the creditors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230; not in Station Casinos but in Orange County real estate, it would seem. The neighborhood is popular with casino moguls who have run their companies into the ground: A nearby, $35 million crib is a domain whose master is &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/fertittas-reinvest\/\">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":[34,28,123,57],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/155"}],"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=155"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/155\/revisions"}],"predecessor-version":[{"id":7805,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/155\/revisions\/7805"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}