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It wasn't good news when El Ad Properties<\/strong> asked its bankers for a second extension on a $625 million purchase loan for what used to be the New Frontier<\/strong>. Now (by way of TheMarker, Reuters<\/a> and Howard Stutz) comes a report*<\/strong> El Ad is seeking money from Sheldon Adelson<\/strong><\/a>. If you really are rattling your tin cup in Adelson's direction — he who just diluted his ownership stake in Las Vegas Sands<\/strong> and stopped its leaks with $1 billion of his own capital — then you are desperate indeed. For the record, El Ad's partner, IDB Development<\/strong>, says talks with Adelson are neither being considered nor on the agenda.<\/p>\n *Update:<\/strong> Reuters has all parties involved denying everything<\/a>, so this is looking like one of those news reports that's more entertaining than true. At the very least, it provides clarity as to how this rumor got started.<\/p>\n It's not clear what to make<\/strong> of the appointment of Ron Thacker<\/strong> as president of the Las Vegas Tropicana<\/strong>. The reconstituted Tropicana Entertainment<\/strong> is starting to looking like a reunion of the old Cosmopolitan<\/strong> gang, as CEO Scott Butera<\/strong> leapt from that sinking ship, as did<\/a> TropEnt CFO Robert Kocienski<\/strong>. On the other hand, Thacker made the trip from the Cosmo to the Trop via an interval spent as VP of casino operations for Fontainebleau Resorts<\/strong> "where he was responsible for casino design, development, systems implementation and general casino operations" for a casino that hasn't been finished, let alone opened. So is Thacker going through a rough patch in his career or is his departure an ominous portent for the Vegas Fontainebleau?<\/p>\n","protected":false},"excerpt":{"rendered":" It wasn't good news when El Ad Properties asked its bankers for a second extension on a $625 million purchase loan for what used to be the New Frontier. Now (by way of TheMarker, Reuters and Howard Stutz) comes a … Continue reading