J. Terrance Lanni (who is 65) and a top executive with MGM is headed for retirement at the end of November. The news does not come as a surprise as he was even planning for a possible retirement at this time last year. Lanni is ready to step down from his role and let someone from a younger generation take the ropes and lead the way.
After a long career with MGM, Lanni is ready to take some time to himself and his family. Also, when asked in a recent Las Vegas interview Lanni said that he believes that most of the challenges that are facing the MGM brand and company today would be better resolved with a younger mind and someone that was part of those seeking Las Vegas entertainment today.
While Lanni is leaving other execs and majority share holder Kirk Kerkorian with a good taste in their mouths, he is also leaving them at one of the worst financial times that Vegas and the entire American economy has ever faced.
MGM, as well as many other Vegas based shares are at the lowest of lows and resorts have not experienced such a scarce amount of visitors in a very long time. The only light at the end of the tunnel seems to be that of the next train crash. Lanni’s successor will have a great challenge ahead of him as he faces a down-turning and the lack of visitors in Las Vegas.
The CEO of the Penthouse organization of websites and magazines is looking to acquire a centrally located Casino on the Las Vegas Strip. Marc Bell (the CEO) has mentioned to several Las Vegas news station that he would love to pick up a location to add a new spin to his company.
With the economy slowing down, Bell envisions that this would be the best time to invest in real estate and pick up a casino along with some strip presence for Penthouse. Bell did mention that he does not have plans to knock down a whole casino and have the Penthouse name flashing above in bright sparkling lights. But instead he would like the organization to hold the rights to the casino and pool areas where he can have pin up girls as casino dealers and strippers throughout the pool area – if that were to become legal.
Several issues naturally come to mind with this acquisition. Would this hotel be an adult only venue? Would this be the start of Vegas reverting back into a true city of sin? Could a hotel like this really be located in the center of the strip? I guess we will have to wait and see.
Penthouse started out as men’s magazine which is currently owned by Penthouse Media Group. The magazine was founded in the UK and later moved to the US where the company built an empire of websites, magazines and a newly launched TV channel.
Las Vegas is known as the City of Sin , although there are a number of different ways that you can think about it. Over the years, it has transformed from one of the seediest places in the United States to one of the most metropolitan and through that transformation it has become a place of much more than just gambling.
While gambling does still represent a large portion of the pull that Las Vegas enjoys, what really pushes those numbers up by a large margin is the fact that you can get just about anything you want done in Las Vegas, whether that fun is individual or family in nature.
Las Vegas Hotels
The Las Vegas hotels are really not hotels in the classical sense of the word. Hotels are places where you sleep at night and maybe stay at during the day if you feel like watching a good movie that is on television. Las Vegas hotels are mammoth structures that include recreation and eating inside and that in turn gives you the chance to really stay inside one of them the whole trip without having to worry about where your needs will come from. These massive resort hotels are the personification of luxury and people that come to Las Vegas often stay at one of them to have as easy a time as possible during their vacation.
Las Vegas Casinos
Many of the hotels in Las Vegas are collocated with casinos. Casinos still represent the major draw that people have to Las Vegas and this is because of the way in which they present their product. All of the casinos in the world offer games like blackjack and roulette, but in Las Vegas the casinos offer multiple versions of both as well as multiple versions of smaller games that you may have never heard of before. Combine this with the ability to place big bets, the free alcohol and the fact that you can really walk around the casino and simply marvel at the interior decoration and it is easy to see why Las Vegas casinos are as popular as they happen to be.
Las Vegas Shows
Another thing that makes Las Vegas so special is the fact that it is home to some of the most fantastic production shows in history. The magic of Penn and Teller, the musical styling of the Blue Man Group and the breathtaking illusionary effects of David Copperfield are all available for you to watch and enjoy in Las Vegas . With new shows being added to the roster all the time, there is always going to be something new for you to watch when you head to Las Vegas .
Las Vegas Tours
Finally, if the city itself is what sparks your interest, there are many companies around offering tours that you can go on in the city of Las Vegas . These tours will allow you to find everything worth visiting and they will allow you the chance to learn some history of this city in the desert on the fly. There are many different tours available at different times during the day and night, allowing you the chance to experience the city in many different lights.
