USS Cunningham Sails On, Battle Scarred, Not Sunk As Reported!

Posted on | December 15, 2008 | No Comments

It Was Fight Of The Year, So……We Want A Rematch, We Want
Cunningham vs. Adamek ll
IBF World Cruiserweight Championship

For Immediate Release

Philadelphia, PA – 14th December 2008

Recently deposed IBF cruiserweight world champion, Steve ‘USS’ Cunningham, speaks out for the first time since the epic battle at the Prudential Center in Newark, New Jersey on December 11th, which saw Tomasz ‘Goral’ Adamek from Jersey City, NJ. capture his crown by a contentious split decision.

Steve, who has been receiving the highest accolades from luminaries in the sport and media for his performance during the action packed bout, which is being hailed by all sectors of the media as ‘The Fight Of The Year’, spoke shortly after his return to his home town of Philadelphia after taking a well deserved short break.

“Firstly, I want to congratulate Adamek on his Victory.

It was a tough fight, one that we were easily winning without the flash knockdowns. We feel that the work that was put in was enough to win the fight, but understand that the judges saw differently.

I could be disappointed in the outcome of the fight, but these things happen in boxing. I put my trust in the Lord Jesus Christ, and I believe that everything happens for a reason. I am proud of my performance, I think the fans saw a different side of me that they have not seen before. Despite being put down three times in the fight, I fought with everything I had in me; I was not going to quit or give Adamek an easy night. As a matter of fact, I won the fight but lost the decision and that’s not just my view, I’ve read most of the fight reports, I see that a lot of guys who know what they are talking about also think I had done enough to win or at least get a draw. I want the fans to know that I will be Champion again, I want the rematch as soon as Adamek would be willing to get back in the ring.”

As the fight was a mandatory defense there is no automatic rematch option in the contract. Tomasz Adamek and his team have made it clear that the only way they would consider a rematch if there was “big money and serious television on the table”, something that Steve understands and accepts as Adamek is now the champion and it is his prerogative. However, Steve feels
that the he deserves the opportunity to win back his title and the fans deserve the opportunity to see him and Adamek in gladiatorial battle again. If you think the same call or write to HBO and Showtime and tell them.

For news on Steve ‘USS’ Cunningham – www.usscunningham.com

BALDOMIR VS. JACKSON

Posted on | December 15, 2008 | No Comments

EVANDER HOLYFIELD PREPS FOR FIGHT WITH RUSSIAN GIANT VALUEV

Posted on | December 15, 2008 | No Comments

Valuev-Holyfield Fact Sheet

Dec. 20 PPV card live from Switzerland

Main Event (12 round, heavyweights): Nikolay “The Russian Giant” Valuev (49-1, 34 KOs), 2-time and reigning WBA Heavyweight Champion, St. Petersburg, Russia vs. Evander “The Real Deal” Holyfield (47-9-2, 27 KOs), 4-time World Heavyweight Champion, Atlanta, Georgia.

Also on PPV (8-rounds, super middleweights): Mads “Golden Boy” Larsen (50-2, 37 KOs), former IBO & WBF super middleweight champion, Berlin, Germany vs. 5-time world kickboxing and Thai boxing champion, Roberto Cocco (9-2, 5 KOs), Torino, Italy.

(Highlights shown from some other fights on the card, time permitting: European heavyweight champion Francesco Pianeta (17-0, 11 KOs) vs. Johann Duhaupas (17-0, 10 KOs); WIBA flyweight champion Eileen “The Hawaiian Mongoose” Olszewski (5-2-1, 0 KOs) vs. Nadia Raoul (9-0, 3 KOs); heavyweight Oleg Platov (26-1, 22 KOs) vs. Jason Gavern (15-4-3, 8 KOs), cruiserweight Jimmy Kapanov (8-0, 5 KOs) vs. Paolo Ferrara (25-13-1, 7 KOs); heavyweight Timor Ibragimov (24-2-1, 13 KOs) vs. TBA.)

Date: Saturday, December 20, 2008

Site: Hallenstadion, Zurich, Switzerland

Promoter: Wilfried Sauerland’s Sauerland Event and its Managing Director, Christian Meyer, in association with Don King Productions.

PPV Broadcast: Distributed in the United States by Integrated Sports for live viewing at 3 PM/ET – 12 PM/PT on both cable and satellite pay-per-view via iN Demand, TVN and DISH Network for a suggested retail price of only $24.95. Same night replay at 9:00 PM/ET – 6:00 PM/PT.

PPV Announcers: Nick Charles and Al Bernstein

PPV Information: www.integratedsportsnet.com.

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IS MANNY THE NEXT GOLDEN BOY OF BOXING?

Posted on | December 15, 2008 | No Comments

New opponent for “Beibut The Beast” Shumenov

Posted on | December 12, 2008 | No Comments

BELLEVUE, Washington (December 11, 2008) – Former Kazakhstan Olympian Beibut “The Beast” Shumenov (6-0, 5 KOs) has a new opponent for Saturday night’s 10-round main event, Epifanio “Diamente” Mendoza, after former world cruiserweight champion Kelvin Davis pulled out of their scheduled fight in Bellevue, Washington.

Shumenov’s new KZ Event Promotions presents Saturday’s show at Meydenbauer Center. He has already captured three titles – WBC Asian Boxing Council, WBO Asia Pacific and PABA Interim light heavyweight championships. His last fight was a one-sided victory by 12-round decision against former WBC title-holder Montell “Ice” Griffin (50-8, 30 KOs).

Two fights ago, Columbian knockout artist Mendoza (28-5-1, 24 KOs) lost to Chad Dawson for the WBC light heavyweight title. Mendoza has won several regional titles including the WBC Fecarbox, WBC Latino, WBA Fedecentro, WBC Latin American and NABA belts.

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HOLYFIELD ON PPV DECEMBER 20TH FOR WBA HEAVYWEIGHT CHAMPIONSHIP

Posted on | December 11, 2008 | No Comments

Integrated Sports Distributing Historic

Valuev-Holyfield Fight

Dec. 20 PPV card live from Switzerland

HOBOKEN, N.J. (December 11, 2008) – Integrated Sports will distribute the December 20th heavyweight showdown between 2-time and reigning World Boxing Association champion Nikolay “The Russian Giant” Valuev and future Hall of Famer Evander “The Real Deal” Holyfield, on pay-per-view in the United States and Canada, live from Zurich, Switzerland. Holyfield is attempting to make boxing history by defeating the largest man ever to hold a heavyweight championship.

Valuev-Holyfield is promoted by Wilfried Sauerland’s Sauerland Event and its Managing Director, Christian Meyer, in association with Don King Productions. The broadcast is being distributed in the United States by Integrated Sports for live viewing at 3 PM/ET – 12 PM/PT on cable pay-per-view via iN Demand and TVN for a suggested retail price of only $24.95. Award-winning announcers Nick Charles and Al Bernstein will call all of the action.

“We excited to be distributing this historic heavyweight battle between the seven-foot Russian Giant, Nicolay Valuev, and a true living legend, Evander Holyfield,” Integrated Sports president Doug Jacobs said. “The Valuev-Holyfield card will be broadcast during the afternoon, so it won’t interfere with holiday plans. Strong supporting bouts, including two title fights, will also be shown on this pay-per-view card.”

The 12-round main event pits the WBA heavyweight champion — 7’ 0”, 320-pound Valuev (49-1, 34 KOs) – versus former 4-time WBA title-holder Holyfield, who stands 6’ 2 ½” and weights approximately 215 pounds.

Valuev, who captured the WBA title with a 12-round decision against John Ruiz this past August, has lost only once, last year to Ruslan Chagaev, who is the WBA heavyweight “Champion in Recess” due to an injury.

The WBA No. 12 rated Holyfield, fighting out of Atlanta (GA), is also a 4-time former heavyweight champion, having defeated Buster Douglas, Riddick Bowe, Mike Tyson and John Ruiz for his titles. Holyfield was also an Olympic medallist and a past unified world cruiserweight title-holder. He is trying to surpass the legendary George Foreman as the oldest boxer in history to win a version of the heavyweight championship.

Also on PPV is an 8-round super middleweight bout between Danish southpaw Mads “Golden Boy” Larsen (50-2, 37 KOs), former IBO title-holder, and 5-time world kickboxing and Thai boxing champion, Roberto Cocco (9-2, 5 KOs), from Italy.

Highlights from some other fights on the card, time permitting, may be shown including a 12-round co-feature matching two undefeated heavyweights, German-based, Italian-born southpaw Francesco Pianeta (17-0, 11 KOs) defending his European heavyweight title against French challenger Johann Duhaupas (17-0, 10 KOs); former New York Knicks dancer Eileen “The Hawaiian Mongoose” Olszewski (5-2-1, 0 KOs) defending her WIBA flyweight title against undefeated German favorite Nadia Raoul (9-0, 3 KOs); heavyweight Oleg Platov (26-1, 22 KOs) versus Jason Gavern (15-4-3, 8 KOs), cruiserweights Jimmy Kapanov (8-0, 5 KOs) and Paolo Ferrara (25-13-1, 7 KOs); heavyweight Timor Ibragimov (24-2-1, 13 KOs) vs. TBA.

For more information about the Valuev-Holyfield PPV go to www.integratedsportsnet.com.

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PATRICK MCELLIGOTT, ADAMEK VS. CUNNINGHAM LIVE PLAY BY PLAY ON FNU COMBAT SPORTS SHOW TONIGHT!!

Posted on | December 11, 2008 | No Comments

PATRICK MCELLIGOTT will be live on the air with us tonight on the combat sports show. Patrick is an old friend of Rubin “Hurricane” Carter and a very sharp boxing historian. We’ll have plenty to talk about with the big dud of a superfight this past weekend turning Rabble Rousin’ Rich’s prediction true. The Tornado Tony Penecale will have to eat some crow. Don’t miss it. Just hang live right here or hit up the chat room. The show goes live at 8PM EST.

We will also be doing play by play for the Adamek vs. Cunningham Light Heavyweight Championship bout on Versus. Jump on the chatroom to watch on our webcam and comment.

Call in by following the instructions on the right.

LOOKING FOR LEVERAGE: Fertittas’ Station Casinos Empire Running Out of Time

Posted on | December 10, 2008 | 1 Comment

By: Rich Bergeron

 

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The Fertitta Family is in crisis mode to save Station Casinos from the throes of bankruptcy, and without a solution materializing by Thursday there could be some major trouble brewing for the multi-billion dollar gaming empire.

While the Fertittas are not the only ones who find themselves stuck in the stagnant economy and obliterated by Las Vegas’ worst-in-the-nation housing crisis, they are one of the most heavily leveraged casino operators and land-owners in an industry that depends on both locals and tourists alike being able to pay to play.

The Las Vegas Sun got the jump on the situation yesterday by printing a piece about commonly situated Harrah’s and Station’s different approaches to getting out from under their massive private debt. Sun Reporter Liz Benston described the troubling outlook in no uncertain terms:

“Analysts say Station will likely default on the company’s bank loans by year’s end because it has too much debt relative to cash flow. That could allow the bank to demand repayment, triggering a filing for bankruptcy protection.”

The company’s new deadline for a debt exchange Hail Mary has been set. They have until 5PM on December 11 to consider all the options on the table. Assets could potentially be sold, and reports have surfaced indicating the Fertitta Family is willing to put their own money to the cause, but they certainly won’t be getting any sweetheart deals out of this scenario.

One thing’s for sure, Uncle Sam will not be bailing out any casinos.

The Fertittas live in the lap of luxury, and it’s not out of the realm of possibility to maintain that lifestyle even despite a potentially ugly bankruptcy of Station Casinos. Right now Frank Fertitta, Jr ranks at #20 on the list of the top 100 property tax payers in the Spring Valley CDP district of Vegas.

Frank’s next-door neighbor is none other than former Aladdin Casino owner Jack Sommer, so he has someone one door down who could give him all the casino-related bankruptcy advice he needs should Station Casinos decide to go that route.

Frank Junior’s sons live in mansions, too. Lorenzo’s got a multi-million dollar house on Greensboro Lane, and brother Frank Fertitta III has the kind of obnoxiously huge spread that is best classified as a complex. Here’s some good shots of the manse being constructed and the finished product

 

Vegas has been very, very good to the Fertitta family so far, but this economic crunch time comes at the worst possible moment. They are stuck at the apex of their aggressive development and massive expansion of the Station Casinos suburban hot-spot model. The company’s strategy of developing huge resort-style casino communities in the suburban areas of Vegas backfired amidst the massive wave of foreclosures in those very same areas.

A town that has seen its fair share of casino implosions is undergoing a major makeover of the strip, evidenced by the recent completion of what is sure to become the next big Vegas spectacle: A GIANT VOLCANO AT THE MIRAGE THAT COST $25 MILLION JUST TO CONSTRUCT. Cranes and crowds of construction workers populate the strip now, fast at work creating a new lavish landscape for tourists to be amazed by.

And for those who didn’t want to be spectacles themselves there would always be the off-strip offerings of Station Casinos like the new Red Rock facility and the still unique and secluded Green Valley Ranch–each promising pampering, privacy, and perfect ambiance. Yet, no longer are so many bigwig executives throughout the busted economy able to blow so much money without batting an eye. The out of the way premium stops are being skipped over for the conglomerated and concentrated on-strip locations. Facilities like Red Rock may be obsolete before they even get off and running, but there’s no doubt a whole new level of luxury available there:

 

Green Valley Ranch looks like the kind of fantasy land that makes you forget you’re there for the casino in the first place:

 

By the time the Fertittas cornered the suburban market, the market had suddenly disappeared. Yet, Station Casinos has faced difficulty before, and they’ll hang on tight here and do what it takes to weather the rough patch. Industry suggestions that the company will be bankrupt by the end of the year may be premature, but not impossible at this point. If the Fertittas have mastered one thing in the business it is how to make their customers feel welcome. They represent the image of cut and polished business masterminds, yet they maxed out the company’s available debt limit with massive senior secured credit facilities based on a gamble that didn’t account for any downturns or deep recessions. You almost have to ask at this point if this is another Kansas City Shuffle going on behind closed doors. The way you get maximum leverage is to always be building.

As the folks who jacked up Boston’s “Big-Dig” highway project know all too well, you can come up with some legendary billing proportions for construction on that kind of scale. I think the Dig’s not even done yet. What is finished barely even solved the problem and went waaaaaaaaaaayyyyyyyyyyyyy over budget. Not to mention it literally had fatal flaws.

It’s easy to lose track of small expenditures when you’re dealing in hundreds of millions and every now and then even billions of dollars in contracts, land grabs, and expansion plans. If you cut corners you can free up more dough to play around with.

In organized crime terminology when it comes to casino operations, the off the top tariff called “the skim” has evolved drastically. There is a whole new atmosphere in town. There are corporate land barons and casino magnates running things now rather than Mafia capos. Yet, are we to imagine by any stretch that all the strawmen are truly gone from Vegas? Something tells me the Mob always finds a way to infiltrate from afar and will always have some kind of iron grip on Vegas. Being pushed further underground has only made the organization more tight knit and unwilling to give up any new secrets. They have to come up with more sophisticated schemes and more subtle ways to exert influence. But if they’re still entrenched in town, they’re hurting, too.

The Fertitta family aren’t the only ones in Vegas feeling the pinch.

They’re not even the only ones in the world suffering. Australia’s gaming interests are reeling, too.

Tourists pinching pennies seem to be going for a look but don’t touch approach, and it can’t be good for the future of gaming. Boxing and Mixed Martial arts events promoted in Vegas may also suffer in the long run. Only time will tell.

The Fertittas financial issues are by no means limited to Vegas, either. California has been troublesome, too.

The Fertitta family’s foray into being publicly traded doesn’t seem to have turned out as the Fertittas had planned, and the private buyback last year seems to have over-burdened the brand with hard to shed debt instruments. The Fertittas are reciting a new rendition of the old Robert Frost poem this winter in Vegas:

These times are ugly, dark and deep,
But we have promises to keep,
And billions to pay before we sleep,
And billions to pay before we sleep.

Like the lawyers who promote needless delay in the bankruptcy case, the Fertittas seem to be putting off the inevitable, scrambling to figure out a deal. Lately they’ve been pushing back deadlines as the local Vegas tourism numbers begin to look weaker and weaker:

Station Casinos extends bond offer deadline again

LAS VEGAS TOURISM: Visitor tally continues to slide

UNLV economist says unemployment eventually may hit 10 percent locally

It should be no surprise that nobody in Vegas saw this coming or bothered to try and stop the corruption at the heart of this whole series of reports, spanning more than two years of my life now. After all, we’re talking about a town spending $50 Million on a Mafia Museum project bolstered by its main backer: ex-mob-lawyer-turned-Mayor Oscar Goodman. Regardless of who is looked upon as the lesser of two evils, be it the Corporate Conglomerate or the Criminal Enterprise both now sharing Space in the new age Vegas, the common people always lose in the long run when greed takes over.

OTHER LINKS OF INTEREST:

STATION CASINOS FIGHTING OFF BANKRUPTCY

History of Las Vegas

JACK SOMMER’S GOOD FORTUNE

Aladdin Property History

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