Quick Fact – Shoddy Accounting

1956 When auditors for Nevada reviewed its books, they discovered the El Rancho casino on the Las Vegas Strip had underpaid the requisite gambling taxes over nine quarters by $39,000 ($350,500 today). Despite the claims of owners Beldon Katleman, et. al. that they believed they’d paid the proper amount, tax commissioners assessed a 100% penalty,…

Just Like Living in Paradise

1950-Today When people are on the Las Vegas Strip, they’re really in Paradise — the town, that is. In 1950, a rumor surfaced that the City of Las Vegas’ boundaries would be expanded to include the then multimillion-dollar luxury resort area on South Las Vegas Boulevard. Disliking the idea, the proprietors of the hotel-casinos there…