Trop having trouble meeting payroll (gee, what a shock)

And these clowns thought they were going to get $billions in financing
to build a mega-resort on that property. Idiots.
 >> Stay informed about: Trop having trouble meeting payroll (gee, what a shock) 

On Jan 28, 10:59 pm, CLM in ND wrote:
> Did anyone catch this in the Sun yesterday?
>
> http://www.lasvegassun.com/news/2008/jan/27/jeff-simpson-latest-reaso...
>
> Apparently, the owners of the LV Tropicana are requesting that employees
> wait two days before cashing their paychecks.  I bet I know what choice
> words Trop employees have for Columbia Sussex; starts with "F".
>
> For the love of all things holy I wish the state gaming comission would
> yank their licemse away due to gross incompetency.
>
> Cameron

This is a sad story. It seems like they're not even trying to run a
quality establishment. I'm sure MGM or Harrah's would gladly take
that property off their hands for the right price.
 >> Stay informed about: Trop having trouble meeting payroll (gee, what a shock) 

Mitch wrote:
> On Jan 28, 10:59 pm, CLM in ND wrote:
>
> > Did anyone catch this in the Sun yesterday?
>
> >http://www.lasvegassun.com/news/2008/jan/27/jeff-simpson-latest-reaso...
>
> > Apparently, the owners of the LV Tropicana are requesting that employees
> > wait two days before cashing their paychecks.  I bet I know what choice
> > words Trop employees have for Columbia Sussex; starts with "F".
>
> > For the love of all things holy I wish the state gaming comission would
> > yank their licemse away due to gross incompetency.
>
> > Cameron
>
> This is a sad story.  It seems like they're not even trying to run a
> quality establishment.  I'm sure MGM or Harrah's would gladly take
> that property off their hands for the right price.

Absolutely. I'm guessing that running the Trop into the ground is a
purely strategic move.

A*
 >> Stay informed about: Trop having trouble meeting payroll (gee, what a shock) 

On Jan 29, 12:00 pm, Ace wrote:
>
> Absolutely. I'm guessing that running the Trop into the ground is a
> purely strategic move.
>
> A*

Maybe so, but this method seems to be pretty stupid. If they're
looking for investors to revamp the property, I don't know if I'd want
to go into business with some who's pissed off customers, the Culinary
Union, one state gaming control board (NJ), and possibly another
(Nevada).

I've said it before & I'll say it again, anyone who lets a property
slip into such chaos, especially one that not too many years ago was
one of the bigger players on the South Strip, should have their
license taken away due to gross incompetence.

Cameron
 >> Stay informed about: Trop having trouble meeting payroll (gee, what a shock) 

In article
, Ace
wrote:

>
> Absolutely. I'm guessing that running the Trop into the ground is a
> purely strategic move.
>
> A*

They're using Guiliani's Florida strategy and lulling MGM and Harrah's
into a false sense of security.
 >> Stay informed about: Trop having trouble meeting payroll (gee, what a shock) 

"Ace" wrote in message

>
> This is a sad story. It seems like they're not even trying to run a
> quality establishment. I'm sure MGM or Harrah's would gladly take
> that property off their hands for the right price.

Absolutely. I'm guessing that running the Trop into the ground is a
purely strategic move.

A*

I don't get it? What kind of strategy is that? Wouldn't it be worth
more as a viable concern? What would be the motive to let it
fall this far into disarray?

Pete
 >> Stay informed about: Trop having trouble meeting payroll (gee, what a shock) 

Tio Pedro wrote:
> "Ace" wrote in message
>
>
>  >
>
> > This is a sad story. It seems like they're not even trying to run a
> > quality establishment. I'm sure MGM or Harrah's would gladly take
> > that property off their hands for the right price.
>
> Absolutely. I'm guessing that running the Trop into the ground is a
> purely strategic move.
>
> A*
>
> I don't get it? What kind of strategy is that? Wouldn't it be worth
> more as a viable concern? What would be the motive to let it
> fall this far into disarray?

I think I was being sarcastic. But who knows. Only time will tell.

A*
 >> Stay informed about: Trop having trouble meeting payroll (gee, what a shock) 

On Jan 29, 8:33 pm, Ace wrote:
>
> I think I was being sarcastic. But who knows. Only time will tell.
>
> A*- Hide quoted text -
>
> - Show quoted text -

For sure. Look what the same strategy did for the Frontier.
 >> Stay informed about: Trop having trouble meeting payroll (gee, what a shock) 

On Jan 31, 2:55 pm, Kurt Ullman wrote:
> In article ,
>  "John in Mass" wrote:
>
> > I think if you checked the facts, you would find that the gaming commission
> > has no authority to inject itself into the day to day financial dealings of
> > the trop. Their main concerning is gaming and as long as the trop obeys all
> > of the gaming regulations, then the trop won't lose their gaming license
> > because how they run the hotel or how they pay their employees. They lost
> > their AC gaming license due to dishonesty and that impacts directly on their
> > gaming operations.
> > The gaming commission is not concerned with cash flow problems or any other
> > problems the trop may have, as long as they don't impact directly on their
> > gaming operations.
>
> > John/mass
>
> Gee cash flow and not paying employees has no impact on gaming, Who'd a
> thunk it.

Yeah, JP, not making payments into the Culinary Union pension fund
doesn't directly impact the gaming operations either, but Binion's got
shut down a few years ago because of it. So you don't think gaming
control will shut down the Trop if they don't have the cash flow to
meet payroll or pay gamblers?

I am in full agreement with most on this NG that you have no idea what
you're talking about.

Cameron
 >> Stay informed about: Trop having trouble meeting payroll (gee, what a shock) 

> but Binion's got
> shut down a few years ago because of it.  So you don't think gaming
> control will shut down the Trop if they don't have the cash flow to
> meet payroll or pay gamblers?
>
> I am in full agreement with most on this NG that you have no idea what
> you're talking about.

For those who have forgotten this sad chapter in Vegas history:

http://www.usatoday.com/travel/hotels/2004-01-12-binion-closed_x.htm
 >> Stay informed about: Trop having trouble meeting payroll (gee, what a shock) 

Damb, CLM in ND , do I have to 'splain
EVERYTHING to your dumn ass????

>I am in full agreement with most on this NG that you have no idea what
>*your* talking about.

FYP

--

Andrew <-- Is it FEBROOARY yet?

"Thank goodness KILLFILING
isn't part of the shunning rules. It's like watching a very fat guy in
a straitjacket bouncing off the walls of a padded cell.

- "BOB" on the great AVLV shun.
 >> Stay informed about: Trop having trouble meeting payroll (gee, what a shock) 

"CLM in ND" wrote in message

On Jan 29, 12:00 pm, Ace wrote:
>
> Absolutely. I'm guessing that running the Trop into the ground is a
> purely strategic move.
>
> A*

Maybe so, but this method seems to be pretty stupid. If they're
looking for investors to revamp the property, I don't know if I'd want
to go into business with some who's pissed off customers, the Culinary
Union, one state gaming control board (NJ), and possibly another
(Nevada).

I've said it before & I'll say it again, anyone who lets a property
slip into such chaos, especially one that not too many years ago was
one of the bigger players on the South Strip, should have their
license taken away due to gross incompetence.

Cameron

I think if you checked the facts, you would find that the gaming commission
has no authority to inject itself into the day to day financial dealings of
the trop. Their main concerning is gaming and as long as the trop obeys all
of the gaming regulations, then the trop won't lose their gaming license
because how they run the hotel or how they pay their employees. They lost
their AC gaming license due to dishonesty and that impacts directly on their
gaming operations.
The gaming commission is not concerned with cash flow problems or any other
problems the trop may have, as long as they don't impact directly on their
gaming operations.

John/mass
 >> Stay informed about: Trop having trouble meeting payroll (gee, what a shock) 

In article ,
"John in Mass" wrote:


> I think if you checked the facts, you would find that the gaming commission
> has no authority to inject itself into the day to day financial dealings of
> the trop. Their main concerning is gaming and as long as the trop obeys all
> of the gaming regulations, then the trop won't lose their gaming license
> because how they run the hotel or how they pay their employees. They lost
> their AC gaming license due to dishonesty and that impacts directly on their
> gaming operations.
> The gaming commission is not concerned with cash flow problems or any other
> problems the trop may have, as long as they don't impact directly on their
> gaming operations.
>
> John/mass

Gee cash flow and not paying employees has no impact on gaming, Who'd a
thunk it.
 >> Stay informed about: Trop having trouble meeting payroll (gee, what a shock)