Word: junkets
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...Association's President, Joey Berlin, has authored no criticism that I could find on line. His one published comment was a letter to the Los Angeles Times defending the sanctity of the press junket, in which the studios pay for reporters to come to Hollywood, pick up some swag and spend a few minutes chatting up stars and directors. Berlin extolled "the hard-working journalists who spend up to 40 or more weekends a year on the 'junket circuit,' gathering whatever juicy morsels they can to satisfy the insatiable appetite for news about Hollywood." And then they get to give...
...going for about $240,000 a pop, at this year's Open at the Bethpage Black golf course in Farmingdale, N.Y. Back in 2002, the last time the Open was held at Bethpage, there were 78. The financial-services companies, knowing the government will pounce on an unnecessary golf junket, are staying away from the fairways. "That's a significant drop-off," says Peter Bevacqua, chief business officer for the USGA. "We have certainly been affected by the economic downturn...
...spending tens of thousands of dollars every month on four big p.r. firms? Spokesman Nick Ashooh said his in-house communications team needs additional mouthpieces to respond to the "tsunami" of bad news from its collapse last September, including a lavish executive junket and hefty bonuses covered by the $180 billion taxpayer transfusion. (Read "The Bailout Bomb...
...really important that our team members are still valued.' Wells Fargo spokeswoman MELISSA MURRAY, defending the company's decision to host a Las Vegas junket for employees despite criticism that it was misusing bailout funds...
...gambit worked. In July, according to Citi Investment analysts, Melco Crown may have claimed the largest share of Macau's VIP market. Now Ho's challenge is staying on top. The Macau government has announced that it intends to cap commission rates paid to junket operators as part of a larger effort to bolster regulation of the industry. That could reduce Ho's leverage, but analysts say Amax's financing power still gives him an advantage. "Once you've got the kind of critical mass Ho's got, it will be difficult to dislodge him as a true contender...