According to the Las Vegas Sun, the owner of Las Vegas’ favorite gay nightclub Krave has filed for bankruptcy reorganization. The report further notes that Krave is currently behind on rent and tax payments, but hopes that things will improve now that the massive new City Center development has opened and brought new life to the area surrounding the once happening nightspot.
In court papers Krave Entertainment LLC President Sia Amiri said that the businesses at the Miracle Mile Shops at the Planet Hollywood resort on the Las Vegas Strip suffered last year because of the recession and construction on Harmon Avenue and CityCenter.
Amiri is now hanging his hopes on last month's opening of MGM Mirage's CityCenter complex.
"CityCenter revitalized the entire area, and debtor’s operations are now located at a prime site on the Las Vegas Strip. The new road route is expected to facilitate customer access," Amiri said in the filing. "With respect to the nightclub operations, the Krave brand name is popular with its clientele, and debtor plans to revamp its marketing plan and add new events."
Krave is the first gay/lesbian/alternate lifestyle club to make a home on the Strip.