Sunday, January 9, 2011

Eva Longoria’s Vegas Club Files for Bankruptcy

A Las Vegas nightclub owned by “Desperate Housewives” actress Eva Longoria has filed for bankruptcy, saying it owes nearly $5.7 million.
Lawyers for Beso LLC said in a federal Chapter 11 filing on Thursday that they project losing more than $76,000 per month at the CityCenter restaurant and nightspot. It is seeking bankruptcy in order to keep operating.

Beso owes nearly $1.8 million to CityCenter for its lease at the Crystals mall inside the resort complex that opened in December 2009, lawyers said in the U.S. Bankruptcy Court filing in Las Vegas. CityCenter is owned jointly by casino operator MGM Resorts International and Dubai World, the investment arm of the Persian Gulf state.
Longoria owns nearly one-third of Beso but is also listed as an unsecured creditor. Lawyers said she gave a cash loan of just over $1 million and paid $375,000 in legal fees for the venture.
Longoria’s publicists in Los Angeles said that the filing was the last step in dealing with a dispute with two former partners.

Longoria said in the statement e-mailed to The Associated Press that the new year and reorganization presented a good opportunity to begin anew. “I look forward to a more proactive, hands-on approach in the coming years with my Las Vegas businesses,” she said.

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