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Feature Story
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12th Week,
March 2006 / Pinnacle Entertainment Inc., which
operates casinos in smaller markets, said Monday
that it would buy Tropicana owner Aztar Corp. for
about $1.45 billion in cash, extending its reach
into the prime markets of Las Vegas and Atlantic
City, N.J.
Hong
Kong
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"Jockey Club"
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Pinnacle and
Aztar combined will have 12 gaming properties in
the United States, including Nevada, New Jersey,
Louisiana, Missouri and Indiana, as well as
projects under development, and more than 8,800
hotel rooms.
Phoenix-based
Aztar owns the Tropicana casino resorts in Las
Vegas and Atlantic City, among others, and Pinnacle
owns such properties as L'Auberge du Lac Hotel
& Casino in Lake Charles,
La.
The boards of
directors of both companies have approved the deal,
which will be fully financed and is expected to
close by the end of the year, Pinnacle
said.
The first major
casino takeover deal this year positions Pinnacle
-- which is dwarfed by chains such as Harrah's
Entertainment Inc. and MGM Mirage Inc. Harrah's
acquisition of Caesars Entertainment Inc., last
year, made it the world's largest casino operator.
MGM Mirage's took over the Mandalay Resort
Group.
Pinnacle,
though based in Las Vegas, has no casinos there.
Its properties are elsewhere in Nevada and in
Indiana, Louisiana and
Argentina.
"We realized
that one of the competitive tools we did not have
was a casino in Las Vegas and a casino in Atlantic
City," Chief Executive Daniel Lee said. "The
ability to market across markets
is a pretty
important thing."
Pinnacle said
it would buy all of the outstanding shares of Aztar
for $38 each in cash.
The company
said the deal, which also involves the assumption
of about $723 million in Aztar debt, represented a
premium of about 24% over Aztar's closing price
Friday.
William
Schmitt, an analyst at CIBC World Markets, said the
deal appeared a little expensive because of the
cost of 34 acres of land that Aztar owns in Las
Vegas: "I think they are paying up for the land in
Las Vegas."
Aztar shares
rose $6.51, or 21.2%, to $37.21. Pinnacle rose
$1.04, or 3.7%, to $29.
A native of New
York, Gerry McCambridge has been a performing
mentalist for over thirty years. At the age of
eight, Gerry became interested in the workings of
the mind targeting how those around him
communicated with each other towards him.
A mentalist
learns his art by listening to what people are
saying, observing their gestures, posture, eye
movement and tone of voice. A mentalist should also
study mental techniques, body language, psychology,
hypnosis, linguistics, statistics, law of averages,
non-verbal communication and NLP, ESP, acting,
theatre, magic, and stand up comedy. Although I
have not seen any mentalist go to these extremes,
Gerry McCambridge certainly has; perhaps that is
why he can pierce into people's minds and make
predictions that are
true.
He is one individual who
has dedicated himself to be the best mentalist on
the planet. In fact, Gerry worked at a psychiatric
hospital where he was able to observe and discuss
the functioning of the human brain with doctors. He
was also able to learn from his father who was a
New York City detective. As a detective, his father
was able to get into the minds of the suspects and
use skillful manipulation to obtain information
pertaining to cases. McCambridge would watch his
dad's techniques and apply to his own
routine
Gerry McCambridge is
performing in the Adelison Lounge at the Rampart
Casino located in the WC Marriott Hotel in
Summerlin. His show has been so successful that it
has been extended nine times. That is proof alone
that Las Vegas audiences, as well as tourist, enjoy
the entertainment value of the show. I know, I was
in his show when he as asked the audience to call
someone on the cell phone.
I had announced that I
had someone on the phone and he asked me to ask my
friend Valerie to pick a number. She did pick a
number and I stated what the number was and within
a minute I picked the card out of the envelope
which was the number Valerie had mentioned. How
could he have known? That is the question. There
was no way he could have written down the number or
had it prepared in any other
way.
Last May, McCambridge
stared in his own NBC Special, The Mentalist, which
is much like his live shows which reached 6.2
million people, not to mention Canada and the UK
which is millions more. The high light of the
special, featured Gerry riding four blocks on
Broadway, New York City's busiest street,
blindfolded.
As in any endeavor,
Perseverance is the key. It took from 1988 until
May of 2003 to make his vision a reality. Today he
lives in Green Valley with his family. It is
apparent that this unique individual will continue
to entertain audiences. The next step would be to
see him appear on The Strip; perhaps at The Wynn
Resort. After all, his is the kind of show that
would add to Steve Wynn's
vision.
NEW TECHNOLGY
AT CES
The Consumer
Electronic Show is one of great insight into
today's market of
electronics.
It draws
executives and exhibitors from an array of
affiliated industries. In January of 2006, the
emphasis of the show was on content and application
which delivered the hardware that is the events
original focus. One of the major focuses for CES
was top executive of the largest cable TV companies
using CES to unveil their latest open cable
applications platform. Agencies, which just might
crate a retail digital set top box
market.
Hollywood on the other
hand, was lobbing in its perpetual copyright
battle. They are taking advantage of the CES
association's success, attracting dozens of
Washington policies into Las Vegas, The Motion
Picture Association of America involved in the
congressional and FCC staffers were present at a
picture suite at the Belligio Hotel. The MPAA
showed then hero digital devices are being used to
copy write. The Hollywood message came through with
an endorsement of the Digital Transition Security
Act (HR 4569) which House Judiciary Chairman, James
Senbreneer (R-Wis) introduced in Congress just
prior to the December recess. One of the impressive
presentations at CES was Ikeganies HD Topless Edit
Cam. Ikeganie, one of the leaders of broadcast
cameras is gaining much attention for its
multi-media task camera. This is a non-linear
random access in shooting, viewing, and editing. It
offers a 90m-minute recording time on a single
120g-field pack. In essence this is technology that
surpasses tape-operated cameras
The potential
impact of conversations on the television and
advertising industries has been long predicted, for
2005 stood out as the year when theory met reality.
Last year, incumbent media providers veered off the
path upon which they had built their business and
struck landmark deals with computer makers, web
portals, cable operators and search engines.
For instance, a
social network is considered to be a technical and
organizational infrastructure that enables
individuals separated by time or distance to
establish communities where they exchange ideas,
content, tools, and information in order to enhance
the experience of being a part of he community.
The bottom line
here however, is consumers are increasingly calling
the shots in a converged media world. They use
Apple iPods to make their own music play list.
Personal video recorders allow them to customize
television line-ups. Satellite radios, pump
commercial-free music into their cars.
These consumers
post stock- market update, text messages,
wallpaper, ring tones, and short-form video into
their mobile phones. They come together in online
communities, generate their own content, mix it,
and share it on a growing number of social
networks. No longer a captive mass media audience,
today's media consumer is unique, demanding and
engaged.
The evidence is
here. Newspaper readership is down and people are
tired of watching commercials on television, not to
mention the commercials that play on the radio. It
is without question a time and age where everyone
is on the move and their attention span is much
shorter. Thus the digital age is here for he
Internet as well as for
satellite.
Until then keep
your vision positive and keep positive people
around you and above all know that God is there for
you.
Pete Allman may
be reached through his web site at
www.celebrityscene.com
Josie
Cory
Publisher/Editor
TVI Magazine
TVI
Magazine, tviNews.net, YES90, Your Easy Search,
Associated Press, Reuters, BBC, LA Times, NY Times,
VRA's D-Diaries, Industry Press Releases, They Said
It and SmartSearch were used in compiling and
ascertaining this Yes90 news
report.
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tviNews S90 107 PETE
ALLMAN'S CELEBRITY SCENE Casino Operator Pinnacle
to Buy Tropicana's Parent Company, Aztar Corp.
$1.45-billion, Gerry McCambridge-The Mentalist
True, WAKE UP AMERICA! DIGITAL IS
HERE.
NEWS
Convergence - 12th Week of 2006 Winter
Issue
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Feature
Story / 108CSNTropicanaSold.htm
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