The latest rumor surrounding Hugh Hefner is that after this October’s annual Halloween party he will no longer be hosting his famous Playboy mansion parties.

The founder of the famous men’s magazine has reportedly been told he cannot personally host the events, such as the recent Midsummer Night’s Dream party, as the company is attempting to cut back on costs.

A source said:

“Playboy Enterprises has decided that the party just gone and the upcoming annual Halloween party will be the last that Hugh throws.”

However, the Los Angeles mansion is not closing up shop for good as the mansion is set to be rented out for private functions.

A representative refused to confirm the rumours, adding: “

“Who knows what will happen in a year from now?”

I don’t buy the whole ‘cutting back on costs’ thing…Is age starting to take a toll on the Hefster, is it the new rumored girlfriend that’s taking up much of his time, is he just ready to slow down a bit or is this just a big ol’ rumor?