Quick Fact – Casino Swindlers

1974 It was a successful scam that cheated the Aladdin Resort and Casino out of about $250,000 (about $1.2 million today) … while it lasted. Four men had some friends take junkets to the Las Vegas property using the identities of legitimate high-rolling customers. (With a junket, the casino provides the guests’ travel, accommodations and meals…

Quick Fact – Taking Stock

1974 The Nevada Gaming Commission, the industry’s state regulatory body, amended regulations to allow employees to own stock in a casino where they worked, without having to get a gambling license, a process that involved filling out an application, being investigated and paying the requisite costs. Jerry’s Nugget in North Las Vegas was the first gambling…

Gambling Junkets Cause International Discord

1974-1975 For many Japan-based businessmen, gambling trips to Caesars Palace in Las Vegas turned nightmarish. Kikumaru Okuda, 46, also a resident of the Land of the Rising Sun, and a film producer with Toho Film Company, organized numerous trips on behalf of the Nevada hotel-casino, at the request of its president, Harry Wald. Caesars Palace paid…