Pure Management Group strikes out
March 4, 2008 | 4:16
pm
A few weeks ago Pure Management Group operated 10 clubs, restaurants and lounges in the resort corridor, including red-hot destinations Pure (Caesars) and LAX (Luxor). An IRS investigation into PMG has resulted in federal agents visiting both of PMG's marquee properties as well as the corporate offices. PMG has said it is cooperating with the investigation and so far no one has been accused of any wrongdoing.Now comes word that another PMG property is going through changes. In fact, the change is the elimination of PMG as the club's operator. PMG spokeswoman Kate Turner confirmed for me that Lucky Strike, the nightlife bowling combination that PMG had in the Rio (a Harrah's-owned resort), has been sold back to the Rio by PMG. According to Turner, this transaction has been underway for 6 to 8 months and she says it is unrelated to the IRS investigation.
I have yet to get a response from the Rio as to the resort's plans for the gigantic space.
But one thing is clear: PMG's besieged empire has gotten a little smaller.
(Photo by Sarah Gerke)
