Showgirls of Magic

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This posting is from: kumiko yvonne watanabe
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>+"Showgirls," can always move to the V Theatre at the Desert Passage
>+mall, which Saxe operates in a lease-purchase agreement. ...

I was wondering, did someone report that Aladdin is/maybe bought by
Planet Hollywood or something like that?

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(This posting was entered by kumiko yvonne watanabe, an external user of MyDLV.)

[External Poster]

This posting is from: Aiko
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>+After nine years as "the little show that could" at Hotel San {Remo},
>+Showgirls of Magic" probably will be forced out next year after the
>+Hooters restaurant chain takes over the hotel.

Well, let's take that as change #1. :) If it's
anything like last year, there's only 32 more changes
to go. :):)

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(This posting was entered by Aiko, an external user of MyDLV.)

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This posting is from: Nora
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HI:

It looks like there will me more changes coming when Hooters takes over
the San Remo. The Showgirls of magic show is also doomed. There is no
indication if the show will remain until the Hotel reopens under the
new name. See below for the report from today's Review Journal, 8/26

Nora

+After nine years as "the little show that could" at Hotel San {Remo},
+"Showgirls of Magic" probably will be forced out next year after the
+Hooters restaurant chain takes over the hotel.

+Producer David Saxe says the new owners told him they have no plans
+for a theater as part of the property's makeover. "Showgirls" will
+probably close sometime between January and March.

+"Showgirls," can always move to the V Theatre at the Desert Passage
+mall, which Saxe operates in a lease-purchase agreement. ...

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(This posting was entered by Nora, an external user of MyDLV.)

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This posting is from: annie
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> I was wondering, did someone report that Aladdin is/maybe bought by
> Planet Hollywood or something like that?

The soon-to-be-former management of the Aladdin ran the place onto the
brink of bankrupcy. The Planet Hollywood deal has been in the works for
a long time but they tell me (the ubiquitous "they") that it will have
minimal effect on the Desert Passage.

Nobody seems to like the new facade proposal. :)

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(This posting was entered by annie, an external user of MyDLV.)

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This posting is from: Nora
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>I was wondering, did someone report that Aladdin is/maybe bought by
>Planet Hollywood or something like that?

See below from Today's Review Journal

Nora

+Friday, August 27, 2004
+Copyright (c) Las Vegas Review-Journal
+New Aladdin owners licensed

+Gaming Commission's unanimous vote clears way for Planet Hollywood
+casino

+_By ED VOGEL REVIEW-JOURNAL CAPITAL BUREAU _

+Bay Harbour managing principal Douglas Teitelbaum, left, and Planet
+Hollywood Chief Executive Officer Robert Earl talk Thursday during a
+presentation to the Nevada Gaming Commission. The board approved a
+license for Earl and Teitelbaum's group, OpBiz.

+THE ASSOCIATED PRESS

+CARSON CITY -- The bankrupt Aladdin will be converted into the first
+Planet Hollywood Resort Casino under a licensing plan that won
+unanimous approval Thursday from the Nevada Gaming Commission.

+Planet Hollywood, Bay Harbour Management and Starwood Hotels & Resorts
+will operate the Strip resort. They bought the troubled 2,567-room
+hotel last year for $637 million in bankruptcy court.

+With approval from gaming authorities, they intend early Wednesday to
+complete the purchase and assume control of the hotel. The first act of
+the new owners, according to testimony given to gaming commissioners,
+will be to upgrade the dining room used by the Aladdin's 2,600
+employees.

+Planet Hollywood Chief Executive Office Robert Earl said the hotel
+soon will begin booking top entertainers.

+"We support free speech rights and the right of artists to do what
+they like," added Earl in response to commissioners' questions about
+singer Linda Ronstadt.

+Ronstadt angered current Aladdin management in a July performance when
+she dedicated a song to Michael Moore, the maker of "Fahrenheit 911,"
+a movie sharply critical of President Bush. Earl said Ronstadt and
+Moore have been invited to the Aladdin.

+Over the next 15 months, the new owners intend to spend $100 million
+on renovations such as replacing the Aladdin's facade, improving its
+casino and adding restaurants, a 1,300-seat showroom and 500-seat TV
+studio.

+Earl intends to use his entertainment-industry connections to attract
+Hollywood celebrities and celebrity fans to the resort. While the
+Planet Hollywood brand may not be launched before 2006, Earl may
+market the resort as "the Aladdin becoming Planet Hollywood." He
+expects regular live entertainment to be launched at the hotel by the
+third week of September.

+"We are in the game," he said. "We will be transforming a bed
+dormitory into a must-see destination."

+He said the Aladdin enjoys a high occupancy rate, but many guests
+spend a lot of their time gambling in other casinos. Just as happened
+during a hearing before the Gaming Control Board earlier this month,
+gaming commissioners' questioned Earl's business judgments.

+"You are a promoter," commission Chairman Peter Bernhard said. "I
+don't think you pay attention to details."

+He noted that in recent days, agents discovered Earl had not paid
+taxes due for more than a year to the Department of Taxation on his
+restaurant business.

+Earl said he knew nothing about the delinquent taxes and paid them as
+soon as he was told of the problem.

+"I don't think it reflects a pattern," he added. "Coming out of two
+bankruptcies (at Planet Hollywood) I had a depleted work force. I acted
+on it the second I learned."

+His Las Vegas lawyer, Greg Giordano, said that Planet Hollywood
+received only three or four delinquent tax notices, a statement that
+caused Bernhard to insist taxes should have been paid immediately.

+Commissioners had no ill comments about Earl's partners, Bay Harbour
+managing principal Douglas Teitelbaum, and Starwood, returning to the
+gaming industry in Nevada after a four-year absence. Starwood, which
+operates 745 hotels, has a customer database of 14 million people.
+Earl said that list can be used to bring better customers to Planet
+Hollywood, which will be marketed as a Sheraton.

+Teitelbaum had come under criticism two weeks ago at the control board
+meeting because the Deloitte & Touche accounting firm refused to
+release "work papers" developed in auditing his company's investments.
+But Control Board Chairman Dennis Neilander said agents visited the
+company's New York office this week and were shown the work papers.
+Bernhard also raised questions about whether the partners will meet
+their obligation to pay off loans they used to finance the Aladdin
+purchase. But Commissioner Art Marshall was optimistic about the
+hotel's chances. "What would it cost to replace the Aladdin today?" he
+asked. "Nine hundred million (dollars) to $1 billion," Teitelbaum
+replied.

+"I think you made a great deal," Marshall said. The Aladdin earned
+about $65 million in net income last year, and its new owners expect
+that to fall to $43 million during the construction year. Eventually
+they see the hotel earning about $120 million a year.

+Commissioner John Moran Jr., who attended his first
+meeting, joined the others in approving the licensing for the new
+owners. He replaced longtime Commissioner Augie Gurrola.

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(This posting was entered by Nora, an external user of MyDLV.)

[External Poster]

This posting is from: Nora
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>I was wondering, did someone report that Aladdin is/maybe bought by
>Planet Hollywood or something like that?

Apparently the sale of the Aladdin to the Planet Hollywood does not
affect the "V' theater. The theater is located in the Dessert Passage
shops which is a separate entity and separate ownership from the hotel
and Casino.

Nora

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