Word: casino
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ACQUITTED. Don King, 54, boxing promoter of fights like the 1975 Muhammad Ali-Joe Frazier "Thrilla in Manila"; on charges of evading income taxes by taking unreported cash advances from a gambling casino that booked his fights; in New York City. King admitted receiving some of the money but claimed that others handled his finances and that they were responsible for failing to report the income. His associate Constance Harper was convicted of three counts of attempted tax evasion. Said King after being acquitted: "Only in America...
...Beloveds, the disco is closed from today on," reads a red lettered sign taped on the door of Zorba the Buddha Disco and Casino. Every day, buses and cars crammed with bicycles, stereos and followers of the Bhagwan Shree Rajneesh pull away from the main gate of the guru's now defunct commune in the remote hills of Oregon. Since the Rajneesh pleaded guilty to a federal charge of immigration violation and departed last month for India, after firing a bitter parting shot at the U.S. ("I never want to return"), his 1,300 disciples have been scattering like college...
Laxalt, however, would carry a sizable handicap. What the oil industry is to Texas, gambling is to Nevada, and for some voters Laxalt would be tainted by association. After he was Governor of Nevada, Laxalt was the principal owner of the Ormsby House Hotel-Casino in Carson City. Laxalt is currently embroiled in a libel suit against McClatchy Newspapers, which reported that organized crime was involved in skimming nearly $2 million in receipts from the casino. Though the paper did not claim that Laxalt was involved in or knew about the illegal operation, he has vigorously pursued the lawsuit...
...surgery, as an English major at the University of Pennsylvania, Steve sat at his father's bed, tallying more than $200,000 in the elder Wynn's outstanding debt. Steve made his first major foray into Vegas in 1972, buying an interest in the Golden Nugget, a seedy downtown casino. He overhauled the place, then built a new Golden Nugget in Atlantic City, New Jersey, (with financing from junk bonds floated by Michael Milken). His next big move put an indelible stamp on the Strip: Wynn opened the Mirage, a shimmering temple of camp, with white tigers behind glass...
...Nowadays Wynn hopes to shrink gambling to less than 45% of the overall take at his hotels; he says he would remove it from his tranquil new oasis entirely if he could. "I do need the cash flow from the casino to justify the things I do," says Wynn. "I wouldn't want to dumb down my hotel-not at this point in my life. How many guys get to try to build the best hotel in the world...