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Wynn Las Vegas, Victor Drai end partnership

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Postby pod on 27 Aug 2010 17:53

Wynn Las Vegas, Victor Drai end partnership

http://www.lasvegasweekly.com/news/2010 ... rtnership/
Wynn Las Vegas announced today that it has ended its partnership with nightlife entrepreneur Victor Drai.
Drai owned a third of XS and Tryst nightclubs in Wynn and Encore, both of which he helped to design and develop. The company said today that Jesse and Cy Waits, who run the nightclubs for Drai, will remain the managers of the club.
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Kaptain Kook
 
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Postby Kamen on 27 Aug 2010 19:29

Re: Wynn Las Vegas, Victor Drai end partnership

Very interesting. So, the power twins are just managers and not owners?

Is this the start of the long expected move of the casinos bringing the club operations on their properties under inhouse control?
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Postby pod on 27 Aug 2010 19:51

Re: Wynn Las Vegas, Victor Drai end partnership

Depends on your point of view. A lot of the casinos simply don't have the in-house expertise to run a nightlife operation. The track record for those that do isn't very stellar. Yeah yeah yeah, I work for one of those companies that does the consulting, but the fact is, it is those companies that have the personnel and the relationships to book the performances (DJs, live bands, and otherwise) at the casinos. Even the big flagship shows like Cher's residency and Barry Manilow are booked by outside agencies. The casino merely plays host and banker to all these shows. And, most casinos can't be bothered with the day to day frustrations of running the entertainment. Their forté is gaming and hospitality, and they do it well.

Fun fact of the day, a casino in St Louis that we set up a club for decided to "go about it on their own", and within a year of that, the club was closed.
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Kaptain Kook
 
Posts: 39077
Joined: 14 Dec 2007 17:35
Location: miami
Founder of the Minton Yacht Club.

Раз, два, три!


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