{"id":8656,"date":"2012-03-16T16:00:09","date_gmt":"2012-03-17T00:00:09","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=8656"},"modified":"2019-09-13T11:32:36","modified_gmt":"2019-09-13T19:32:36","slug":"end-of-an-era-butera-down-is-the-new-up","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/end-of-an-era-butera-down-is-the-new-up\/","title":{"rendered":"End of an era; Butera: Down is the new up"},"content":{"rendered":"

\"\"Bunny blues<\/strong>. Given the travails<\/a> affecting Hugh Hefner<\/strong>‘s eroding PEI<\/strong> empire — including a recent abandonment of its Chicago<\/strong> offices and spinoff of its Cyber Club<\/strong> — it was only a matter of very little time before the Palms’ franchised Playboy Club<\/strong> got rabbit-punched<\/a>. However, this divestiture appears to be the handiwork of Palms owners<\/a> Leonard Green<\/strong> and Texas Pacific Group<\/strong>. Although the licensing fee collected by Playboy<\/em> was relatively small ($5 million from Chinese and Las Vegas <\/strong>operations combined, at the outset<\/a>), a couple of million a year is probably more than Palms boss Joseph Magliarditi<\/strong> can afford to pay as the debt-strapped resort moves aggressively downmarket. Of course, this could win TPG and Green brownie points from wannabe Porn Censors in Chief<\/a>. I never realized that my Playboy<\/em> collection represented such a menace to the Republic.<\/p>\n

\"\"The wisdom of Butera<\/strong>. Despite recording a half-million less in slot win on $3.6 million higher handle — and “george” free play — Foxwoods Resort Casino<\/strong> CEO Scott “Eagle Eyes” Butera<\/strong> is spinning it as a win<\/a>. He’s got a slightly better case than Mohegan Sun<\/strong>, which recorded 7% lower coin-in and $2 million less in win. (Mohegan’s hold was tighter.) If the Mohegans can’t draw stronger business without casino competition in Rhode Island<\/strong> or Massachusetts<\/strong>, what’s going to happen when those states start going Vegas-style?<\/p>\n","protected":false},"excerpt":{"rendered":"

Bunny blues. Given the travails affecting Hugh Hefner‘s eroding PEI empire — including a recent abandonment of its Chicago offices and spinoff of its Cyber Club — it was only a matter of very little time before the Palms’ franchised … 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":[28,4,64,22,53,112,141,9,20,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/8656"}],"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=8656"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/8656\/revisions"}],"predecessor-version":[{"id":24906,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/8656\/revisions\/24906"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=8656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=8656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=8656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}