Dan Lee Quits Palms
Palms CEO Dan Lee has quit his job as CEO of the Plams, and one half months since taking the job.
I described Dan Lee's hire six months ago, two weeks before VIMFP, as a size 12E foot squeezing into the Palms' size 9b shoe. The Palms wasn't a destination for Dan, it was a stopover. The only question is which direction this train is going - uptown or oblivion.
The Plams' spokesmodel Alex Acuna released a statement to the RJ's Howie Stutz that said Mr. Lee "resigned to pursue other business opportunities." Ones he didn't know about six months ago? Why now? Did something happen in the Las Vegas marketplace recently that might preclude a management change and/or perhaps something slightly along the lines of new ownership having new ideas about turning around an underperforming asset?
*dingding* Order up... Unwin Rings on Toast for Mr. Blackstone.
The 12E shoe has dropped, the clock is ticking on an Unwin resignation followed by appointment of Dan Lee as the new boss of Cosmopolitan and CEO of Blackstone's burgeoning casino empire. I'll peg this one as happening before June 15th, the start of salmon fishing season in Alaska!
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