Hotel-Casino Landlord, President Nixon Transact Win-Win Deal

1924-1995 A Miami, Florida businessman and convicted felon, involved with at least one Nevada casino in the 1960s, later got special consideration from President Richard M. Nixon. Gambling History Calvin Kovens bought The Sierra Tahoe hotel-casino in 1966, defying Nevada gambling authorities’ order that he not become involved with the resort. He acquired the property…

Slot Machines Land on Trouble in Reno

1953 Theodore “Ted” Donaldson, 31, bought six slot machines from Joe Larango of Pyramid Securities Inc., a company with the devices in several Reno, Nevada locations, including the Oak Room casino. Donaldson paid the $1,825 cost (about $17,000 today) with a check. Each slot was valued at about $900 ($8,000 today). Larango soon discovered the check…