{"id":8502,"date":"2012-02-13T17:22:55","date_gmt":"2012-02-14T01:22:55","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=8502"},"modified":"2012-02-14T15:24:10","modified_gmt":"2012-02-14T23:24:10","slug":"crack-is-whack-gary-footing-the-citycenter-bill","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/crack-is-whack-gary-footing-the-citycenter-bill\/","title":{"rendered":"Crack is whack, Gary; Footing the CityCenter bill"},"content":{"rendered":"

It will be some time before we know what drugs were in Whitney Houston<\/strong>‘s system when she perished last weekend. More to our S&G<\/em> purpose is the question of what pharmacological experiments Caesars Entertainment<\/strong> executives were conducting\u00a0 when they entered top-hush negotiations with the troubled singer in 2009. According to designer Andy Walmsley<\/strong> (who ought to know<\/a>), a residency show was being talked up for Paris-Las Vegas<\/strong>. Think about it: Whitney Houston. 2009<\/a>. Anybody see a problem here? This Nov. 24, 2009 performance gives an idea of what we could have expected … although, in truth, Strip audiences have sat contentedly through worse, much worse.<\/p>\n

<\/embed><\/object><\/p>\n

Seriously, you’ve got to be kidding when you propose a headliner act anchored — if that is the operative verb — by a former superstar, adrift and whose reliability would have been suspect to say the least. Also, is it a wise idea to bring a self-described “addictive personality” to Vegas? Think, Gary, think<\/em>!<\/p>\n

\"\"MGM Resorts International announced<\/strong> that it would be paying down $300 million of senior debt on CityCenter<\/strong> … largely by issuing $240 million in new<\/em> debt (although it also may have as much as $172 million in cash on hand to throw in the kitty). There were not too many CityCenter metrics available in today’s analyst reports, but the six pack netted $269 million last quarter, including $10 million in condo sales, with an operating loss of $45 million. Cash flow was $54 million which, if annualized, implies a 2.5%-3% ROI on the project. The best I can say is that figure used to be a lot skimpier, so there’s definitely an improving financial performance at that oddball complex.<\/p>\n","protected":false},"excerpt":{"rendered":"

It will be some time before we know what drugs were in Whitney Houston‘s system when she perished last weekend. More to our S&G purpose is the question of what pharmacological experiments Caesars Entertainment executives were conducting\u00a0 when they entered … 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":[56,28,4,7,11,9,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/8502"}],"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=8502"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/8502\/revisions"}],"predecessor-version":[{"id":8504,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/8502\/revisions\/8504"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=8502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=8502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=8502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}