Reno Gazette-Journal from Reno, Nevada on September 9, 1982 · Page 32
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Reno Gazette-Journal from Reno, Nevada · Page 32

Reno, Nevada
Issue Date:
Thursday, September 9, 1982
Page 32
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Moody claims Glick involved at Stardust Republican gubernatorial hopeful Mike Moody alleged Wednesday that former Argent Corp. head Allen Glick, who was forced out of Nevada gaming three years ago, continues to be involved in the Stardust Hotel on the Las Vegas strip a charge denied by a Nevada gaming official. "Allen.Glick is still involved in the Stardust Hotel," said Moody. "They just reshuffle the cards periodically while the players remain the same." Moody told reporters at a news conference in Las Vegas that a corporation called the Cobra Group, Inc., invested $66 million in the Stardust in 1979 and Glick was listed as a director of Cobra. He said the investment was made a year after Glick was forced from gaming; however, Glick actually sold the Stardust and Fremont hotel-casinos to Alan Sachs on Nov. 30, 1979. State Gaming Control Board member Dale Askew said Wednesday he had never heard of Cobra Group, Inc. "It is true that Allen Glick is involved in the Stardust, but he is a creditor," said Askew. "He sold his resorts to Trans-Sterling and continues to receive monthly payments. He is precluded, however, from having any say in the operations of the resorts. Those monthly payments are the extent of his involvement." ; Glick was forced to sell the resorts by Nevada Cavnar gains ex-school official's support gaming authorities in the wake of the disclosure of a multimillion dollar slot skimming operation at his Argent Corp. resorts. Glick borrowed $62.7 million from the Teamsters Union Pension Funds to purchase the two resorts in the mid-1970s. Federal officials have been conducting an ongoing investigation of Sachs and partner Herb Tobman, alleging criminal activities in the operations of the two resorts, as well as their Sundance Hotel-Casino downtown. "The governor had admitted taking a large, Undisclosed contribution from the Stardust, so it was no surprise in January when he blasted the FBI and defended the Stardust management," said Moody. "Special interest groups are manipulating the governor," said Moody, who called for campaign reporting reforms to prevent undisclosed contributions. The candidate said a published poll this week showing barely half of the Republican voters in the state supporting the incumbent was "the kiss of death for List." "The governor's finished," said Moody, who held the press conference in a children's playground as his way of illustrating List using Nevada as his "personal playground for 12 years." "The governor has no chance of winning in November," Moody said. The Republican candidate reiterated earlier charges that List has politicized the gaming control process by telephoning Control Board member Glen Mauldin the night before the vote on the suitablility of Wayne Newton and partner Ed Torres to purchase the Aladdin Hotel. Candidate doesn't believe bankruptcy hurts chances Harvey Jordan, a Republican candidate for state treasurer, said Wednesday his filing for protection under federal bankruptcy act does not reflect poor money management but was due to the sagging economy. Jordan said the petition for Chapter 11 will allow his roller rink business to reorganize and "nobody will lose any money." Jordan last month filed for bankruptcy for one of his businesses and also for he and his wife. He expects to complete the Chapter 11 process in four months. Jordan was asked whether his business misfortune might hurt his campaign for treasurer where he would be in charge of managing the state's multimillion dollar resources. He said he did not think the Chapter 11 proceeding would reflect badly on him. His own roller rink business, said Jordan, was hard hit because there were no jobs this summer for the youngsters to make any money. "The bills were bigger than expected," he said. "We should recover just fine in the fall." There is only one . . . RENO BALLET ARTS ACADEMY Quality Education in Classical Ballet 214 CALIFORNIA 322-8032 Hardwood Flooring Special Strip Oak - Custom Finished From $0 50 2 12 "X 34" W sq.ft. (2 common shorts - $4 25 3A"x2V4" Strln Oak 1 sq.ft.) 200 sq. ft. min. 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WfeA'AfO t BROKERS WELCOME! fteKsrrill Lynch USRsalty IsckKSstthaws Built wltti quality by Slwlwoofl YOU'RE SITTING ON A STACK OF DOLLARS ' -""1 Co-Op Dollars Available From Your Leading Suppliers . . . but don't just sit on them . . . use them. We'll show you how how to find the manufacturers who offer co-op funds; how much is due you; and how to turn those dollars into ads to enhance your store image, and to boost your bottom line. Call our co-op department today. 788-6239 Ask for Bob Brown Co-op Manager Gazetteournal SV. II I ft nMve got Orders from the f W-v-Sw1' 'U I IIW A I J - n, IL IU brass! All Handy Andy forces 1 tjhQ IfrVi Jjf'JrCir ni I W I "v ft f are prepared to battle the war J T3 -J Wk Jy i I I i against high prices! We're out i V. Mi f lftsgj Y f II I I I I I to defeat the rising costs of J IVyJ 7TTt II I S. I II I I V- buying major electronic and 7lflivSGT!Wxirir li III S. I 1 I H&t appliances. 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Wood grain cabinet finish. PIONEER . Advanced Metal Tape Capability CASSETTE DECK . -. .- .- With Dolby N Y. Metal tape capability, Soft touch fcmtlorc. Pioner'3 music anh v jtom y - y ..... " ";i Special Defrost Cycle MICROWAVE OVEN A $gp$r buy on thl microwave overt with dual power levels inclttdlnQ deirost, to use tlmr. E LITTON Quality Built MICROWAVE OVEN With Defrost Cycle Black glass see-thru window to view foods as they cook. Interior oven light. 25-mlnute timer. Whirlpool Energy-Saving 2 Cycle AUTOMATIC WASHER Features an energy-saving water temp, selector with easy clean lint filter. Two wash and two spin speeds and more. I inil.l5MIAM;Ud.',Mlll:MINdrltf.V.W-lfJ44li I A HITACHI OHr.VIDEO RECORDER O SAN VO Belt Drive TURNTABLE A super buy on this dependable turntable freom Sanyo. It features electronic speed control with low-mass tonearm for less vibration and wear. Handy Andy also has a large selection of many other stereo components on sale now! Big 20.3Cu.Ft. 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