{"id":2468,"date":"2010-03-05T15:08:21","date_gmt":"2010-03-05T23:08:21","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=2468"},"modified":"2010-03-05T15:10:01","modified_gmt":"2010-03-05T23:10:01","slug":"the-best-paying-gig-in-las-vegas","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/the-best-paying-gig-in-las-vegas\/","title":{"rendered":"The best-paying gig in Las Vegas"},"content":{"rendered":"

It probably belongs to any of the army of lawyers<\/a> toiling for Station Casinos<\/strong> … or for co-owner Colony Capital<\/strong> … or for individual board members, including director Dr. James Nave<\/strong>. The latter — who used to serve on the Nevada State Athletic Commission<\/strong> alongside Lorenzo Fertitta<\/strong> — was charged with heading up the evaluation the Fertitta Brothers<\/strong>‘ and Colony’s offer. (Ironically, had Nave green-lit the $82\/share Fertitta offer his detractors said was too low, Station would have be in better financial shape today.) The rest is history — and a veritable mother lode of legal fees.<\/p>\n

\"red_rock\"Amongst the thicket of law firms — some of whose members are racking up as much as $995\/hour — is Washington, D.C. <\/strong>heavyweight Greenberg Traurig<\/strong> (former employer of \u00fcber<\/em>-felon “Casino Jack” Abramoff<\/strong>, although the firm would rather we forgot that). Unfortunately for Station’s unsecured creditors, Greenberg Traurig has thrown one air ball after another in its $600K worth of pleadings to presiding judge Gregg Zive<\/strong>. Station’s own lawyers, however, may be fleecing their client<\/a> to the tune of thousands of dollars in hotel billings which are then charged back to Station. In a case so convoluted it’s taking on Enron<\/strong>-like impenetrability, Station is even footing the legal bill for some of its debtors<\/a>. No wonder that even lawyers find it a baffling situation.<\/p>\n

Station’s lead firm, Milbank<\/strong>, stands to make the most money<\/a> off the company’s mess, having already rung up a nearly $5 million tab in restructuring assistance prior to the bankruptcy filing. The company’s business methods and even its LBO have demonstrated a lack of fiscal restraint, and that proud tradition continues into the bankruptcy hearings.<\/p>\n

Rambis<\/em><\/strong>. Local theatre continues to be one of the true “bargain plays” (pun unintended) in Vegas. Insurgo Theater Movement<\/strong>‘s premiere of Rambis<\/em> is no exception<\/a>. Two chances remain to see what may be the first play ever written about — among other things — Nevada Palace<\/strong>, arguably the grindiest grind joint ever<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

It probably belongs to any of the army of lawyers toiling for Station Casinos … or for co-owner Colony Capital … or for individual board members, including director Dr. James Nave. The latter — who used to serve on the … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[88,28,4,57,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/2468"}],"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=2468"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/2468\/revisions"}],"predecessor-version":[{"id":2472,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/2468\/revisions\/2472"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=2468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=2468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=2468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}