MGM ANNOUNCES FATOR DEAL BUT MICHAEL JACKSON IS THE REAL STORY
Posted on 05.14.2008 by EyeSpy
Score one for the Kings Of Redundancy, the messiahs of Getting Scooped On Your Own Story. The MGM muckety-mucks finally got around yesterday to announcing what we told you about two weeks ago – that Hilton headliner and America’s Got Talent winner Terry Fator has signed a five-year deal to perform at The Mirage.
This happened only after dazzling Danny Gans decided to move across the street and join his old friend Steve Wynn. But the real story of the day wasn't Fator. It was The King of Pop, Michael Jackson.
Even during the news conference it was evident that the MGM conference was a day late and a dollar short, overshadowed by rumors and rumblings that the Michael Jackson Vegas revolution had begun. Now, this isn't news to you, our readers, because you'll recall TheVegasEye.com presented this info to you at the same time we dropped the Fator bombshell.
You see, Michael Jackson was able to keep Neverland Ranch after a loan on the California property was sold to Colony Capital LLC, a Los Angeles based international private investment firm. NOW. Guess who Colony Capital owns? Give you a hint: Between late 2003 and early 2004, Park Place Entertainment Corporation sold the Las Vegas Hilton to an affiliate of Colony Capital LLC for about $280 million.
So connect the dots for me, kiddos. An affiliate of the company that owns the Hilton greed to hold the $23.5 million loan it acquired from Fortress Investment Group while it negotiates “payment terms.” And Jackson confirmed he is in discussions with Colony and its founder, Tom Barrack Jr., "with regard to the ranch and other matters." Wonder what they’re NEGOTIATING about? Could it be … A SHOW??
Are we correct in saying that Michael Jackson will sing and dance in the showroom of his former father-in-law, Elvis Presley? TheVegasEye.com was never notified of any press announcement regarding the Mirage’s new multi million dollar attraction. Wonder what happened to our invitation?
Our phone call? Our email notification? Those were coming through fine before our recent story about how Sin City Beer and its’ preferential placements by MGM because of the marital relationship between its owner and a high-ranking MGM PR executive. This must be our punishment by the MGM PR department for calling attention to this breach of ethical conduct. Thinking about it, though,the person being punished most is Fator.
Shutting us out cuts off the stream of information not only to you, our two million loyal weekly readers, but Fator as well. Fator ends up getting hurt the most, which is really throwing the baby out with the bathwater, don't you think? Think about THIS was well: This kind of snarky behavior sends the very clear message that the PR department at MGM sees absolutely no value in your patronage.
It’s difficult to watch corporate executives act like this. We can only hope that this is middle management’s doing, not the REAL higher ups at MGM. Does the MGM/Mirage Board, Terry Lanni or Kirk Kerkorian know that middle management is keeping vital information from them? Do they even care? Information that could affect their money?
Maybe someone should buy a clue before stock values drop. Playing favorites with the media is a double edged sword. Bridges burn both ways. As many of you have seen over the years, trying to keep thevegaseye.com out of the loop has only made our reporting better because we’re more driven than ever to get to the truth.
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