Reno Gazette-Journal from Reno, Nevada • Page 20

20 Reno Evening Gazette Friday, August 29, 1980 Gaming Commission to consider revised Shenandoah proposal MERVYN'S ONE DAY SUPER SALE HAPPENS THIS SATURDAY, AUGUST 30. DOORS OPEN EARLY AT 9 A.M. AND, FOR THIS SPECIAL NIGHT ONLY STAY OPEN TIL 9 P.M. The board members appeared to accept the proposal. Under the revised ownership plan.

Tucker would sell out all of his 26 percent share. Stream would buy 9 percent, giving him 14, Liberty Josephs would buy 9, giving her 15 percent, and Morris Klimove, a Canadian, would retain his 20 percent. Another 8 percent would be kept as stock options for key employees a point that caused some concern for commissioners. Bunker noted that floorman Kenneth Richardson is the son of T.W. Richardson, who has been refused a license.

Club manager Lee DeLauer said young Richardson had helped lay out the club to help earn his future 3 percent. Board members noted that Richardson and others with options will have to come in for licensing when they obtain the stock. Bunker also warned the licensees that Dr. Charles AHard of Edmonton, and his Allarco Developments also should have to come in for suitability investigations. Allarco owns the ground under the Shenandoah, directly across from the MGM Grand hotel-casino.

It has surrendered an option to obtain 20 percent of the Shenandoah. And Fahrenkopf said that Klimove will soon pay back $500,000 he had borrowed from the company to buy into the casino. There will be "no Allarco involvement whatsoever," said Fahrenkopf. Klimove earlier said he was selling his Allarco stock for about $5.6 million. CARSON CITY (AP) Plans to open the new Shenandoah hotel-casino In Las Vegas, jolted by a denial recommendation by the Nevada Gaming Control Board, were to go to the state Gaming Commission today.

The birth pains of the $29 million hotel-cdsino have lasted through three board hearings and several ownership shakeups as casino officials have reacted to state worries. "It's a mess; it's been backward since it started," complained board member Jack Stratton. Shenandoah officials Thursday offered the board a revised financial plan that removed John Harlow Tucker, the "father" of the Shenandoah, from interest in the facility. Tucker's licensing application was rejected, at least partly due to a 1975 securities fraud conviction. But board member Jack Stratton complained that the board's staff had not had time to certify the arrangements described by attorney Frank Fahren-kopf Casino partner Jay Stream of San Luis Obispo, said that could be done by today.

Both Stratton and Board Chairman Richard Bun-kesaid they were worried that Tucker would walk away from the Shenandoah with $1.8 million. "It encourages unsuitable promoters to come in here and promote and walk away rich people," Strat-tort complained. But Stream told the commission Tucker has agreed to reduce his stock sale revenues in half, to $900,000, if there was no other way to have the casino approved. super Dunes Jersey deal revealed LAS VEGAS (AP) Dunes parent company of the Dunes Hotel and Casino, says it has entered into an agreement with Prime Motor Inn to jointly finish construction of the company's Atlantic City hotel and casino. The company said Thursday that Prime Motor Inn, which operates a string of hotels in the East, would be an equal partner with the Dunes on the hotel-casino project.

The joint agreement is contigent upon Prime Motor Inn providing a loan committment for completion of the Atlantic City resort. Construction has been stalled on the Dunes for more than seven months because of financing problems. The 504-room, $80 million hotel, which is about 10 percent complete, will open late in 1981 if construction can resume within the planned 45 days, company officials said. Under the agreement, Dunes Inc. and Prime Motor Inn will both hold 47 percent of the resort, with an unidentified officer of Dunes Inc.

holding a non-voting 6 percent. When completed, the resort will have a 35,000 square foot casino and a 30-story hotel. The project is loated at Albany Avenue and the Boardwalk in Atlantic City. Dunes Inc. operates a 1,360 room hotel in Las Vegas that reportedly is up for sale.

Casino sold to former Bally official day acid diiatiTOinids LAS VEGAS (AP) Just hours before a county-imposed deadline would have closed the casino, owners of Mr. Sy's Casino of Fun reached an agreement to sell the casino to former Bally Corp. executive William "Si" Redd. Redd said the agreement, inked at noon Thursday, five hours before the deadline, calls for him paying "certainly more than a million dollars" for the casino. Redd, who owns several other casinos and a slot machine distributing company, would not reveal the specific purchase price.

The Clark County Licensing Board had ordered the casino closed if not sold by 5 p.m. Thursday. The casino was being operated in a trust after formerly being owned by Seymore Hus-ney. Husney was sentenced to life in prison last year for having sex with a 16-year-old girl, but the sentence was later reduced and he is now out on parole. County officials had ordered the small casino, located in a shopping center on the Strip, sold because of Husney's conviction.

Redd must still get approval from state and county gaming authorities before taking over the casino. Hughes aides file legal briefs LAS VEGAS (AP) A half-dozen aides to the late Howard Hughes have filed legal briefs in a $50 million lawsuit against them, denying they conspired to wrest control of Hughes' corporate empire from the reclusive industrialist. Among the former aides are Frank W. Gay, the one-time chief operating officer for the far-ranging Hughes empire, and Dr. Wilbur Thain, one of Hughes' physicians.

Summa Corp. filed the massive suit against the aides in January 1979, alleging that they defrauded Hughes and wrested control of his empire from him in the last few years of his life when he allegedly was in no mental position to look out for his interests. Hughes died in April 1976 while on an emergency flight from Aca-pulco, Mexico to a hospital in Houston, Texas. Access to documents restricted LAS VEGAS (AP) Access to certain documents uncovered in the probe of three Nevada Supreme Court justices has been limited by U.S. District Judge Harry Claiborne.

Claiborne issued an order Thursday restricting access to some of the documents, which attorneys for Justice E.M. Gunderson say may deteriorate if exposed to light. The documents are those that are being subjected to an ongoing forensic analysis. Claiborne restricted access a day after a criminal identification expert said in documents filed in court that letters critical of Gunderson were written on the ty" pewriter of fellow Justice Noel Manoukian's secretary. The case before Claiborne is a suit against the Supreme Court jurists by attorney Peter Flangas, who claims the court has violated his civil rights.

Private eye accused of illegal bugging legations that he had the home of a woman friend bugged in 1977. The indictment against LaRue alleges the private detective used a miniature radio transmitter to monitor conversations in the home of Sandy Wright in October 1976. LaRue reportedly was hired by the woman's husband, Douglas Wright, to conduct the surveillance. U.S. District Judge Edward Reed is to hear the case.

An initial court appearance for LaRue was scheduled for Wednesday in Reno. LAS VEGAS (AP) Private investigator Eddie LaRue has been indicted on- charges that he illegally placed bugging devices in a woman's home and tapped the telephones of four others. A special grand jury, which has been investigating the charges since April, handed up the indictment Wednesday against the 40-year-old owner of AGR Detective Agency. The grand jury also is hearing evidence related to U.S. District Judge Harry Claiborne in connection with al 5th cottage for girls' school approved Invest in 14k gold from our collection of chains and bracelets I Jn popular lengths, pierced mtm.

in si CARSON CITY (AP) A fifth cottage at the Nevada Girls Training Center has been approved by the state Board of Finance, but proposed funding for the project was reduced. Girls school head William Miller told the examiners Thursdayhe needed mbre than $100,000 to open the cottage and fill seven new positions. But the examiners, at the recommendation of Budget Director Howard Barrett, chopped the approval to two and a half positions, reducing proposed staffing costs to $27,760 from $80,965. Total costs were uncertain, because Barrett said the costs of opening the fifth cottage were not figured into Miller's original request. "I couldn't adequately operate and continue the program with the number of staff Mr.

Barrett suggests," Miller complained, suggesting at one point it might be better to close the program altogether. The school, with a capacity of 80 girls who have had brushes with the law, has averaged close to 90 recently. List told Miller the reduction was one of "the early waves" of his promise to present a bare-bones budget to the Legislature due to fiscal frugality forced on the state by voters. earrings, pendants, rings, charms and holders. This sale is limited to stock on hand.

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