Daily Archives: September 4, 2009

Cannery Casino Plays Musical Chairs with Executives

Cannery Casino Resorts, the Las Vegas-based company that owns The Meadows Racetrack & Casino, is restructuring its executive line-up to allow its founders to spend more time on long-term strategic planning, according to a story in the Las Vegas Review-Journal. Cannery

The newspaper reported that CCR named Tom Lettero to the newly created position of president. Lettero also will retain his duties as chief financial officer.

Xavier Walsh was hired from Melbourne, Australia-based casino owner Crown Ltd. to be CCR’s chief operating officer, a position Lettero is surrendering.

Walsh will oversee operations of all CCR properties, which also include the Cannery in North Las Vegas and the Rampart Casino at the JW Marriott at Summerlin. 

Walsh’s prior employer, Crown Ltd., suspended its attempt to purchase CCR for $1.75 billion in March. While Crown still has a two-year option to close the sale, the company, controlled by billionaire James Packer, paid $325 million for a 24.5 percent stake in Cannery pending regulatory approval.

 CCR, like its competitors, is burdened by heavy debt and declining casino revenue.   It had about $860 million in debt in late May. Executives told the newspaper the company is financially strong and is making plans beyond the current economy.

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Playboy’s Finest in Las Vegas over Labor Day Weekend

Playboy’s finest temptresses will transform Studio 54 inside the MGM Grand into their personal playground over Labor Day weekend, September 4 & 5, in Las Vegas. 

The venue will be transformed into a Playboy fans’ paradise with back-to-back evenings featuring the magazine’s finest beauties, including Hugh Hefner’s former main squeeze, Holly Madison. 

LindsayWagnerOn Friday, Sept. 4 the Studio 54 line-up will include the ultimate Playboy Playmate experience with some of the most celebrated models in recent years, including Lindsay Wagner, left,  www.myspace.com/lindsayw06 (Miss November 2007), Tiffany Selby www.tiffanyselby.net/ (Miss July 2007), Monica Leigh www.monicaleigh.net/(Miss March 2006), Stephanie Larimore (Miss June 2006) and Jordan Monroe www.myspace.com/ecr2004(Miss October 2006). 

If that’s enough, on Saturday, Sept. 5, Studio 54 will welcome the former Dancing with the Stars contestant and Girlshollymadison3 Next Door fan-favorite Holly Madison, right, will host the evening’s festivities. The blonde bombshell is currently starring in the lead role of the sultry adult production Peepshow on the Las Vegas Strip. www.hollymadison.com/home

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