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Friday, August 26, 2022
Media Man News Blog: Billy Corgan’s music fame helped his NWA return to the Chase in St. Louis. NWA 74 is there next (Miami Herald)
NWA president Billy Corgan continues to make history thanks to his alternative rock band The Smashing Pumpkins.
Last year the NWA presented its 73rd anniversary show (NWA 73) at the Chase, becoming the first pro wrestling group to utilize the historic venue in St. Louis, since 1984.
How?
Because, as Corgan noted, someone working in a key position at the Chase Park Plaza Hotel is a fan of The Smashing Pumpkins. Take advantage of it and rightfully so. The NWA will do it again with NWA 74 on Saturday and Sunday via FITE TV from that Chase Khorassan Ballroom.
Plenty of talent and fan interaction during the two-day extravaganza.
Here is my video interview with Corgan.
“Wrestling at the Chase” was a weekly program during the territory days of professional wrestling. The brainchild of legendary promoter and hall of famer Sam Muchnick, the weekly pro wrestling series aired from May 23, 1959, to September 10, 1983. The show was promoted by the St. Louis Wrestling Club, a member of the National Wrestling Alliance.
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Greg Tingle
NWA...the name on the marquee says Wrestling. Well written and explained article that the majority of readers will get. We've always enjoyed the wrestling and music connection, that the WWE started pushing circa 1984 with Hulk Hogan and friends, which was known as the Rock N Wrestling connection, and that was part of the bridge that some wrestling later became known as "sports entertainment". Michael P.S Hayes may have been the original wrestler that did the whole rock star - wrestler thing, with music videos (Bradstreet U S.A), and the like, and also 'Exotic' Adrian Street with Miss Linda did a couple of music videos so. Then the late Randy "Macho Man". Savage followed suit and the Road Warriors would come out to the ring to 'Iron Man' by Black Sabbath! Back to the NWA, great to see 'The National Treasure' Nick Aldis back on the NWA 74 card, even if he's not in the official main event. The fans are a big part of who is a star and is "over" per kayfabe industry banter. Hopefully at the upcoming NWA event it's a Win-Win-Win (for the wrestlers / promoters / business associates, the fans and the industry). Here's to great action and a quality and enjoyable experience for all. Cheers from Sydney, Australia.
Media Man Profiles
Thursday, August 25, 2022
They Put the Grateful Dead Bear on Lettuce. Why Did I Want It So Much? Everything is branded now, including produce. And it’s working. (Bon Appetit)
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Greg Tingle
Great. Almost fits in with gonzo journalism. Flashback to Kevin Nash 'Oz' to NWO or Ryan Reynolds 'Green Lantern" transformation to 'Grey Man' etc..Or the rebirth of WWE's Karrion Kross..Cult classics and niche trends and sectors can become mainstream and worldwide news given the right amount of time, fanbase and Media support.. Amazing the transformation that WWE achieved over the decades, from "smoke filed arena's"..to the rest is history.. Nostalgia still sells,.and sometimes controversy creates cash (as per Easy E B). Loved this scribe. WWE powers that be plugging into pop culture. Big thumbs up: )
Tuesday, August 23, 2022
Star posts FY loss after Sydney casino hit
Star posts FY loss after Sydney casino hit
Casino operator Star Entertainment Group has swung to an annual loss, weighed down by extended COVID-related closures and a hefty writedown at its flagship Sydney casino amid regulatory troubles.
Australia's second-biggest casino operator on Monday posted a full year loss of $198.6 million for the year to June 30, compared to a $57.9 million profit a year earlier.
The company said it took a financial hit after its three properties on the east coast were collectively closed for 125 days in the first half of the year due to pandemic restrictions.
It also slashed the value of goodwill for its main Star Sydney property by $162.5 million "due to regulatory and other uncertainties".
Star said normalised net loss, excluding the significant items, was $32 million. Revenue for the year to June 30 dipped 1.2 per cent to $1.53 billion.
"Clearly, in the regulatory environment we're working our way through it was appropriate to consider a higher level of risk and so we effected that through the weighted average cost of capital. The consequence of that was an impairment on the Sydney property," interim Chairman Ben Heap told AAP.
By 1415 AEST, shares in the company were down 1.7 per cent to $2.86, adding to the nearly 20 per cent drop in value so far in 2022.
Star's fortunes have sagged in recent months amid regulatory scrutiny after hearings at an NSW inquiry unearthed allegations about money laundering, fraud and links to organised crime at its Sydney casino.
The company is now awaiting the outcome of that review into its suitability to hold a NSW casino licence by the end of this month.
It faces a separate investigation from the financial crimes regulator, as well as an inquiry on its suitability to hold a casino licence in Queensland, which is set to hear from witnesses from Tuesday.
Star is also facing competition from bigger rival Crown, which opened the doors of its Sydney casino earlier this month following the long-delayed green light from the NSW watchdog, after recently emerging from its own regulatory troubles.
Star, currently the dominant casino operator in Sydney, says it's too early to form a view on the impact of Crown, but added that "it recognises that it will be operating in a competitive marketplace".
While domestic gaming demand has picked up, international business is still down significantly as Australian casinos steer clear of junket operators, which previously contributed significant numbers.
They have also been affected by the slow recovery of the international tourism market, which is likely to rebound to pre-COVID levels only over the next couple of years.
Still, the group says it's seeing the positive revenue trends from the fourth quarter of FY22 continuing into the current financial year.
Domestic revenue for the period from July 1 to August 18 rose 9 per cent on the comparative pre-COVID period of 2019, largely thanks to a 26 per cent recovery in the Gold Coast's domestic revenue.
Domestic revenue at the Star Sydney was in line with pre-COVID levels.
"That sort of run rate is very encouraging. It indicates our growth sits above pre-COVID numbers, and given all the factors that we're facing at the moment, the underlying performance of the business has been terrific," Mr Heap said.
Star will not pay any final dividend, meaning it has not paid any dividend for the FY22 year.
Hard Rock International Announces Key Leadership Appointments for Las Vegas and Atlantic City Properties
Hard Rock International Announces Key Leadership Appointments for Las Vegas and Atlantic City Properties
HOLLYWOOD, Fla., Aug. 3, 2022 /PRNewswire/ -- Joe Lupo has been named President of the future Hard Rock Hotel & Casino Las Vegas, subject to regulatory approval of Hard Rock International's previously announced plans to purchase The Mirage Hotel & Casino from MGM Resorts International. Lupo will take over the role once the Nevada Gaming Commission licensing process has concluded. An Ohio native, Lupo has more than three decades of casino gaming experience. He was named President of Hard Rock Hotel & Casino Atlantic City in November 2018, after spending two successful years at Seminole Hard Rock Hotel & Casino Tampa.
Lupo's new position in Las Vegas was announced today by Hard Rock International Chairman Jim Allen, who is the driving force and vision behind Hard Rock International's purchase of The Mirage Hotel & Casino and the company's plan to construct an iconic Guitar Hotel on the Las Vegas strip. Allen said Lupo is uniquely qualified to become the President of Hard Rock Hotel & Casino Las Vegas.
"As president of the Hard Rock Hotel & Casino Atlantic City for the past four years, Joe Lupo has achieved amazing results," said Allen. "Thanks to his dedication and expertise, financial results continue to outperform expectations, while our team members share an unmatched commitment to guest service and satisfaction. I am confident Joe Lupo will achieve even greater success at the Hard Rock Hotel & Casino Las Vegas."
Lupo is no stranger to Las Vegas, having worked at various Boyd Gaming properties in Las Vegas and in Laughlin, Nevada, including the former Stardust Hotel & Casino Las Vegas, where he was the Director of Race and Sportsbook. He is a graduate of the University of Nevada, Las Vegas.
In Atlantic City, Anthony Faranca will be promoted to property President, subject to regulatory approval, effective September 1. A Philadelphia native, Faranca is a seasoned casino executive with extensive experience managing large gaming properties in several states including Maryland, Nevada, Pennsylvania, and New Jersey.
"Anthony's deep knowledge of the Atlantic City and Northeast region is an invaluable asset to the company," said Jim Allen. "We are confident that Anthony will continue Hard Rock Hotel & Casino Atlantic City's legacy of success and impactful leadership in the community."
Faranca began his casino career in Atlantic City as a Guest Services Manager and was promoted through the ranks to Regional Vice President of National Casino Marketing at the four Caesars Atlantic City properties. Faranca eventually relocated to Philadelphia and was appointed Vice President and General Manager of Parx Casino in 2009. Faranca then moved to Las Vegas to join Station Casinos and served as Vice President and General Manager for the Palms Casino Resort while also managing the company's enterprise-wide strategy for Table Game operations.
Faranca returned to the east coast in 2019 and joined the Cordish Companies as Vice President and General Manager of Live! Casino in Hanover, MD. In this role Faranca navigated the COVID-19 pandemic, launched a FanDuel Sportsbook, and opened a 5,000-seat event center.
About Hard Rock®:
Hard Rock International (HRI) is one of the most globally recognized companies with venues in over 70 countries spanning 265 locations that include owned/licensed or managed Rock Shops®, Live Performance Venues and Cafes. HRI also launched a joint venture named Hard Rock Digital in 2020, an online sportsbook, retail sportsbook and internet gaming platform. Beginning with an Eric Clapton guitar, Hard Rock owns the world's largest and most valuable collection of authentic music memorabilia at more than 86,000 pieces, which are displayed at its locations around the globe. Hard Rock Hotels has been honored with Outstanding Guest Satisfaction and above for four consecutive years among Upper Upscale Hotels in J.D. Power's North America Hotel Guest Satisfaction Study and in 2022, the iconic brand was ranked as the number one brand for the second year in a row. HRI is the first privately-owned gaming company designated U.S. Best Managed Company by Deloitte Private and The Wall Street Journal for the second year. Hard Rock was also honored as one of Forbes' Best Employers for Women, Diversity and New Grads and a Top Large Employer in the Travel & Leisure, Gaming, and Entertainment Industry. In 2021, Hard Rock Hotels & Casinos received first place ranking in the Casino Gaming Executive Satisfaction Survey conducted by Bristol Associates Inc. and Spectrum Gaming Group for six of the last seven years. For more information on Hard Rock International, visit www.hardrock.com or shop.hardrock.com
SOURCE Hard Rock International
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