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Reno Gazette-Journal from Reno, Nevada • Page 5

Location:
Reno, Nevada
Issue Date:
Page:
5
Extracted Article Text (OCR)

Reno Evening Gazette Friday, Feb. 28, 1375 5 Controversial St, LoUis lawyer final jy gets approval to buy Dunes license, but Thursday's finding of suitability LAS VEGAS (AP) St. Louis attorney-developer Mortis Shenker has won approval from the Novada Gaming Commission to hold a major interest in the Dunes Hotel and Casino, here. The commission voted 5-O ThUrsday that Shenker, 68, was suitable for licensing, ending one of the.most controversial and etejisive" --invest tgatjqns in Nevada gaming Shenker said aTteTdie vote he planned to be elected to the-hotel's boatd-of directors met. Monday.

That wDl require a yarning "I don't -want a licensee in the state of Nevada to be encumbered, perhaps drowned" by other business deals, Echeverria said. The commission chairman said he also was concerned a $5 million commitment from Continental Connector the holding company of the Dunes' operating company, to Continental California, a wholly-owned subsidiary. MONEY LIMITS Shenker explained the company was in-" -volved with.the firm that operated the about his numerous business ventures, particularly the- Murrieta Hot Springs develop, ment in Riverside County, Gaming commission Chairman Pe.ter Echeverria said he "would chill'Vat the idea of-Dunes- Hotel profits- being usedih-the development and other Shenker operations; NEVADA MONEY- Shenker replied that he understood that "money that comes from Nevada stays-fn Nevada'1-and agreed to a conditiorv that no -jnors than from his Nevada operations could bfUsed in iis other enterprises. Murrieta development, that the limit of the commitment was. $5 million, and that the money was used to operate the development.

He said about $1.8 million of the funds had been used. Shenker also said he had planned to spend up to 80 per cent of his time operating the Dunes, noting he believed the hotel "needs some guidance from the top." He said he had not originally planned to operate the hotel but. the death of his iate partner, Irving Xahn, led to the decision to become involved. Kahn originally would have operated the hotel. means can oe granted wunoui aeiay.

HUFFA DEFENDER Shenker, a prominent criminal attorney who once defended former Teamsters Uni6n chief James Hoffa, successfully "countered allegations raised during a Gaming Control Board probe of possible ties to alleged underworld figures. The allegations arose again" at the corn-missing hearing, but Shenker answeredthem successfully. Jle was questioned for more than an hour Our New Location CARL U. KELLY OPTICAL LABORATORY Bnice Jorgensen, dxd. announces th relocation" of his office 257 Brinkby Avenue TclephoneF825'7712 i Effective Immediately CONTACT LENSES COMPLETE OPTICAL SERVICE 1 75 Wv 6th St.

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Pages Available:
2,579,481
Years Available:
1876-2024