When I first read this story on Zero Hedge I laughed out loud. These Vegas clubs are run poorly in sure, probably all those celebrity appearance fees they pay out cutting into EBITA. Anyway the club "Prive" which was at the planet Hollywood hotel, which in my opinion was a terrible idea from the get go considering the restaurant end of that pop stand blew. This Vegas blow up is further proof this economy is sparing no one, maybe this is the tip of the iceberg? Remember when E-Trade said it had sub prime exposure? What happened after that.. all the skeletons came out of the closet across all companies and the market crashed. No more bets please. one more drink?
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