Sly’s Birthday Bash

This photo provided by Planet Hollywood Resort & Casinoshows Planet Hollywood founders Bruce Willis, left, California Gov. Arnold Schwarzenegger, second left, and Sylvester Stallone, posing with John Travolta to celebrate Sly’s 60th birthday Sunday, June 4, 2006, at his soon-to-open property, the Planet Hollywood Resort & Casino Las Vegas.

(AP Photo/Planet Hollywood Resort & Casino, Denise Truscello)

 

Jennifer Flavin-Stallone surprised Sly with an early birthday bash at the soon to open Planet Hollywood Resort and Casino in Las Vegas. In addition to Bruce Willis, Arnold Schwarzenegger and John Travolta, others in attendance included James Caan, David Spade, Tom Jones [who sang] and many others. Although Sly‘s birthday isn’t until next month, Jennifer wanted to surprise Sly! The celebration was covered on Entertainment Tonight and Access Hollywood. You can read more about it hereherehere, here and just about anywhere you turn on the net.

Sly to Punch Up Casino

Here’s an excerpt from an article entitled Casino Dreams Hitched to the Stars by Suzette Parmley [The Philadelphia Inquirer, Knight Ridder/Tribune Business News]:

Dec. 30–Assembling teams to develop casinos apparently is a lot like choosing up sides for a pickup basketball game.

Good athletes (especially former pros) are in demand, everyone wants a celebrity (pop stars and actors), but it is critical to be solid down the lane (high-profile lawyers and developers).

Planet Hollywood will have Sylvester Stallone to punch up its Riverwalk Casino.

For the full article, click [HERE] – Craig

SZ Exclusive: Stallone Behind the Scenes Pics

SZoner, “Joe Tanto Hummer” sent in a bunch of pictures that he had taken, over the years, of his visits to Stallone movie premieres, Planet Hollywood openings, and the like. Unfortunately most of the pictures were taken without a flash at night or had glare or something that prevented them from being used. We did want to share these EXCLUSIVE pics from Joe.

This is a cool candid that Tanto picked up of Sly and one of his paintings.

Here’s a shot of Sly and Jen at a 1995 Planet Hollywood opening.

Tanto wanted to be sure that we all got to see this building-sized poster for Tango and Cash!

Thanks to Joe for sharing! – Craig Zablo [September 28, 2002]

SLY SUES OVER STOCK LOSSES

Stallone Sues Over Planet Hollywood Stock Losses
Fri Feb 15, 5:52 AM ET
HOLLYWOOD (Variety) – Actor Sylvester Stallone has filed a $17.3 million lawsuit against a business manager who urged him to hold onto Planet Hollywood stock as the share price spiraled downward and the theme-restaurant company plunged into bankruptcy.

Stallone, in a complaint filed in Los Angeles Superior Court, claimed that Kenneth Starr, a business manager with many celebrity clients, cost him more than $10 million by repeatedly advising Stallone to hang on to more than 3.9 million shares of Planet Hollywood International stock.

Stallone received the shares in exchange for promotional work for the movie-themed restaurant chain, which went public in 1996 with help from Stallone, Arnold Schwarzenegger and Bruce Willis. The shares peaked in September 1996 at $28.50, making Stallone’s stake worth more than $111 million.

Starr allegedly “had actual or constructive knowledge of the poor financial condition of Planet Hollywood” because he also represented Keith Barish, a member of the company’s board of directors and a large shareholder. Financial information about the company normally sent to Barish also went to Starr, the suit said.

When Stallone became a Starr client in 1997 at the suggestion of Barish, Planet Hollywood stock was trading at between $16 and $20, making Stallone’s investment worth $60 million to $80 million.

Starr, when asked by Stallone or his assistant about selling the stock, said he shouldn’t, that a sale would hurt the company by sending the wrong message to the stock market, and that the price of the stock could be expected to go much higher, the suit said.

Starr allegedly made similar statements over several years as the stock price continued to go down. The company filed for bankruptcy in October, 1999. Stallone eventually sold his shares in March, 2000 for less than ten cents apiece and netted $295,256.74, the suit said.

Starr allegedly told others that Planet Hollywood was heading for bankruptcy at a time when the stock was still trading at more than $5, the suit said.

Stallone also complained in the lawsuit that despite instructions to invest only in conservative, liquid investments, Starr lost some $7.3 million by putting the actor’s money in three high risk, illiquid mutual funds.

– Craig Zablo (February 17, 2002)

SLYFECTA

The October 26th issue of Entertainment Weekly contains three Sly items!

#1 Sly Schemes Rocky may be down, but don’t count him out: MGM KO’d plans for Rocky 6 – the studio would only commit $10 million to the sequel – but franchise creator and star Sylvester Stallone is shopping other Italian Stallion-inspired projects. He’s pitching the networks a sitcom about a boxing priest: Father Lefty, which Stallone would produce but not star in, features a tough but loving man of the cloth. “It’s about a very eccentric priest who has his thumb on the pulse,” says the 55-year-old actor. “A real character who’s not far from Rocky.” He also thinks Rocky: The Musical could be a Broadway box office champ. “It would be very similar to the movie, but of course with songs,” says Stallone. “I’ll probably write the book.” Would Rocky belt out Survivor‘s “Eye of the Tiger“? “Absolutely Do-do, doo, doo,”Sly sings. “It’s the thrill of the fight.”

#2 Expecting Stop! Or my wife will deliver. Sylvester Stallone, 55, and model spouse Jennifer Flavin, 33, are expecting their third child. (A due date was not announced.) Daughters Sophia and Sistine are 5 and 3, respectively. Stallone also has two sons, Sage, 25, and Seargeoh, 22, from his first marriage.

#3 In the Encore section there is the above pic and an article about the birth of Planet Hollywood ten years ago.

-Craig Zablo
(October 20, 2001)