1960-1961 Singer Tony Martin applied for a gambling license to acquire a 2 percent interest for $50,000 ($410,000 today) in the Riviera hotel-casino in Las Vegas. Investigation into his background revealed he’d served two days in a Los Angeles jail in 1947 after having pleaded guilty to speeding. Consequently, Nevada’s gambling regulators required he explain…
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…
1934 After hiding somewhere in the building, a person robbed the Bank Club casino’s safe of $500 in silver change (about $9,000 today) between 4 and 6 p.m. on a Wednesday in early December. This particular Bank Club — a common name for Nevada gambling houses — was located in the town of Elko. The…
1970s Caesars Palace in Las Vegas extended $160 million in credit to players in 1977. This was more than the then-considered staggering $106 million cost of the original MGM Grand (early ’70s), also in Sin City, and equals roughly $641 million today. Offering credit to players who were deemed able to repay it was a common practice among…
1947 The United States’ Reconstruction Finance Corporation (RFC) co-financed construction of a gambling enterprise via its $975,000 loan for the Mapes hotel-casino in Reno, Nevada in 1947. Under Attack Three years later, Senators William Fulbright (D-Ark.) and Paul Douglas (D-Ill.), members of a committee investigating the RFC’s past lending practices, publicly criticized the group…