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Where IC really gets his money


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#1 Rogerdodger

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Posted 21 February 2008 - 09:44 PM

Or maybe it's where IC spends his money! :blink:

LINK
Feds take a look at LV cash flow
A lot of people saw it coming.

Doormen are making $400,000 to $500,000 a year!

Rumors have been flying for more than a year that the high-flying, cash-laden nightclub scene was being scrutinized by the feds.
The shoe dropped Wednesday when the Internal Revenue Service and other law enforcement authorities raided Pure nightclub and Pure Management Group headquarters, confiscating a number of computers.

Cash-heavy operations are known to get the attention of the IRS.
Sources have been telling me that doormen at several clubs are clearing $8,000 to $10,000 a night before they share tips. So much cash is pouring in that some doormen are making $400,000 to $500,000 a year, several nightclub executives told me.

"Pure has guys at the door making more than the president," said one executive with intimate knowledge of the cover-charge system. He was referring to the annual salary of the president of the United States, which is $400,000, plus benefits.

A Pure executive told me over the weekend that 5,000 people showed up for Paris Hilton's 27th birthday party and her guest appearance with the Pussycat Dolls.
About six months ago, on a busy night at Pure, I overheard two men bitterly complaining about the cover charge. "They wanted $1,000 per person. I said the highest I'd go was $800!" one said.

It's not just Pure, the largest club in town with a capacity of 2,400. Grumbles about nightclub gouging have been growing louder.
In my nearly completed book "Vegas Confidential: Sinsational Celebrity Tales," I write: "It's no secret that most clubs understand that the longer the line the higher the anxiety. That's where the 'line slide' comes in.

"If people have been waiting all night, they're not going to go somewhere else and start over," said a club exec (not at Pure).

"Club employees, usually the size of big league umpires, will go down the line and fish for people who really want to get in. The line guy might get $200, but now everyone in the group is still going to have to pay a $30 to $40 cover charge. Sometimes, the doorman demands more, maybe $50 to $100 per person."

Then there's bottle service, which means you have to buy a bottle to sit in the VIP section. The usual requirement is one bottle per three patrons. Two-bottle minimums are not uncommon. Bottles at most clubs are going for $350 to $650 a piece.

#2 Jnavin

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Posted 21 February 2008 - 09:54 PM

Cash in Las Vegas? Get out of here. I paid $30 just to get into the Spearmint Rhino -- guess that was cheap. (I was conducting some due diligence in case they go public.)

Edited by Jnavin, 21 February 2008 - 09:56 PM.


#3 Rogerdodger

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Posted 21 February 2008 - 09:55 PM

Why does this remind me of 1929?

(Not that I remember it.
Mss told me about it.)

LINK

Considering the still-booming economy and the reigning optimism about the economic outlook, the Federal Reserve responded in October-November 1929 with admirable promptness to the crash. On Nov. 1, when the selling panic was barely one week old, the Fed slashed the discount rate to 5% and a fortnight later to 4.5%. On Oct. 25, one day after Black Thursday, it had instantly reduced its buying rate on acceptances from 5 3/8% to 5%. This was followed by a rapid sequence of further cuts to 4% on Nov. 21. Yet the economy collapsed across the board with unprecedented and unbelievable rapidity like a house of cards.




Edited by Rogerdodger, 21 February 2008 - 10:17 PM.


#4 thespookyone

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Posted 21 February 2008 - 10:00 PM

Cash in Las Vegas? Get out of here.

I paid $30 just to get into the Spearmint Rhino -- guess that was cheap.
(I was conducting some due diligence in case they go public.)



$30 Well spent.

#5 milbank

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Posted 21 February 2008 - 10:11 PM

Why does this remind me of 1929?


(Not that I remember it.
Mss told me about it.)


I understand Ol' boy for you it's kind of like what Paul Kanter (Jefferson Starship) once said...
"If you can remember anything about the sixties, you weren't really there." B)

"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw


"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe


#6 Rogerdodger

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Posted 21 February 2008 - 10:18 PM

Yeah, I had 'em lined up.
One at a time ladies.
Where's my spinach?

Posted Image

Edited by Rogerdodger, 21 February 2008 - 10:20 PM.


#7 da_cheif

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Posted 21 February 2008 - 10:44 PM

Yeah, I had 'em lined up.
One at a time ladies.
Where's my spinach?

Posted Image



lmazof :lol:

#8 Rogerdodger

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Posted 21 February 2008 - 10:54 PM

I need to borrow that Superman suit. For protekshun. :lol:

#9 milbank

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Posted 21 February 2008 - 10:55 PM

:lol:

"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw


"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe


#10 atlasshrugged

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Posted 21 February 2008 - 11:05 PM

their days are limited