Yesterday and Today: Collecting on Gambling Debts in Nevada

1864-1983 While being plied with endless, free whisky highballs,* Hamilton Buck played roulette for hours at the Texas gambling-saloon** in Goldfield, Nevada. Then, in 1908, the northwestern mining town was nearing the end of its heyday (1904-1908) that had made it the state’s largest metropolis. With Charles Green, a brother of one of the establishment’s…

Quick Fact – The Hard Way or the Easy Way

1931-1932 Actors Clara Bow and Rex Bell gambled at the Meadows in Las Vegas in summer 1931 and racked up a $1,100 loss (about $18,000 today), for which they left an IOU. By December, the two hadn’t paid what they owed (Bow had wriggled out of covering a gaming debt the year before). The casino…

Quick Fact – Betting “The Farm”

1908 Johnny-Behind-the-Gat bet more than he should’ve. He was a prospector and miner said to have little common sense, a big temper and a penchant for using his weapon to solve disputes. John Cyty (his real name), in a 12-hour roulette game, bet and lost $75,000 worth of shares (a roughly $2 million value today)…

Mega Poker Loss in California

1938 Esquire* Harry T. Clifton was a wealthy Englishman who owned racing stables and often visited Southern California. During his visit there in April 1938, he gambled with Lew Brice and Tommy Guinan in a Long Beach hotel. Brice was the brother of comedienne Fanny Brice, and a former stage dancer and comedian in his…

Quick Fact – Accounting Shift

1964 The Dunes in Las Vegas, Nevada switched from writing off unpaid IOUs to claiming them as income, allegedly to keep Internal Revenue Service agents from harassing its customers — asking guests in the hotel if they paid what they owed. On its fiscal 1965 income tax return, the hotel-casino reported as income $1.3 million…

Let’s Get Ready to Rumble

1975 In the spring, Jimmy “The Greek” Snyder, a Las Vegas oddsmaker and bookie, allegedly punched, knocked down and kicked casino magnate, Nathan “Nate” S. Jacobson, in a Caesars Palace hallway in a confrontation over a debt he claimed Jacobson owed him, so alleged Jacobson in his battery lawsuit against Snyder. A witness told police…