Submitted by lvvadmin on Wed, 03/17/2010 - 15:13
photo by flipchip • lasvegasvegas.com
Mandalay Bay Las Vegas
Rumjungle, the nightclub at Mandalay Bay, has filed for bankruptcy.
In addition to owing $1.1 million rent to the hotel-casino, Rumjungle also claims that they have a contract stating Mandalay Bay allowed them to be the sole nightclub in the casino. Two years ago, Mandalay converted their center bar to a nightclub/bar hybrid called eyecandy, which Rumjungle claims violates their agreement.
Rumjungle has done many things to stave off bankruptcy -- including serving lunch -- but revenue has dropped 40 percent each year since 2007.
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