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Reno Gazette-Journal du lieu suivant : Reno, Nevada • Page 36

Lieu:
Reno, Nevada
Date de parution:
Page:
36
Texte d’article extrait (OCR)

Zone Tourney Tonight GAZETTE Carson Player Geo. Winters Voted Honor Nevada Five Hosts Rebels Tonight BishoD Manogue and Carson ond is to tangle with Pershing Western Nevada's gala zone basketball tournament gets underway this evening, and pre at on Friday. Sparks and Wooster of the High Schools are matched at 3 o'clock; Hawthorne and Fallon at 8. Victors will meet for th championship on Saturday. ference champion Reno High School in the 9:30 nightcap on Saturday.

Friday's fare also includes the opening rounds in the Double A division. dictions are for sellout crowds Triple A play at 9:30 p.m.. on Thursday, and the winner "will for the finale on Saturday night. That js the night when cham rest on Friday, then play con- Reno, Sparks and Wooster pions in three divisions will be High Schools will run on short The last non-league game for Upiversity of Nevada's basketball team looms tonight against Nevada Southern University at decided. schedule on Thursday and n- day.

They will recess at noon Centennial Coliseum, where Tough Schedule for Warriors me tournament is held, will ac 36-RENO EVENING GAZETTE, MARCH 1, 1967 commodate 6,218 spectators. Las Vegas and the WolT Facie will end the conference season in Reno on the weekend. The Wolves flew out this George Winters of fledgling Carson College has been named athlete of the month of January by the Sierra Nevada Sportswriters and Broadcasters Association for his high-scoring basketball play. Winters, a graduate of Sparks High School, has consistently scored 30 points and more per game as the new institution put together its first team. BOSTON (AP) The San to four would give San Francis to give youngsters a chance to see all the games on theso days.

Admissions cost 75 cents for high school youngsters carrying Gabbs High School and Smith co the title. morning with scant but Valley will open the tournament at 7 p.m. The winner will meet Virginia City Thursday at 1:30. Willis Reed, who seems to Francisco Warriors would like to win another National Basketball Association game before doughty hope of beating the student body cards. Those without cards, and adults, will be NSU Recruiters Shoot for Moon In the second game this eve winning the western Division mighty Rebels.

"Las Vegas has been high in the national small-college rank ning, Fernley and Gerlach are specialize in last-second winning shts for New York, put through the clincher Tuesday night with 27 seconds to go. That gave the Knicks a four-point lead. Jeff Mullins made a Warrior field title. Winters has accounted for paired at 8:30. The winner will charged $1.50 each.

Tickets are sold on a 'first-come, first-served basis, and seating is offered the sam ings all season and has the na much of the punch that gave They're well on their way to meet Coleville at 6:30 p.m. the team a surprising number Thursday. Thursday winners tion's third-highest scorer in Elbert Miller. finishing first, but they haven't won in their last three starts, goal afterward, but rookie Caz- of wins over much larger No reservations are Demg LAS VEGAS (NEA) Lasl we can show them what we're will clash Friday at 9:30 o'clock for the championship of Nevada, meanwhile, has had schools throughout the season, zie Russell then put through two doing." Vegas, as the saying goes, has a little of everything. A plaque was presented by the Western Nevada Confer its ups and downs this season, and most of them were downs.

Houston, Creighton and the including a 127-123 loss Tuesday night to New York In Madison Square Garden. the writers' president Gene Ev ence. taken. On Thursday afternoon and thereafter, someone will be at the door most of the aftenoon for advance ticket sales. The gambling paradise is a Philips industrial league teams have been added to the sched ans during a luncheon in Reno Those two are the only games Among one of the most lopsided losses was to NSU on the Reno Tuesday.

place where you can make or lose a million with one roll of today. ule and Todd is aiming for more big-time names. court Thursday's fare includes the the dice. You can gain or part The Warriors take on the Boston Celtics tonight and Philadelphia the following night, both on the enemy court. And In the recruiting area, Todd with a husband or wife just as opening rounds of the A and "They whupped us pretty rood," Nevada coach Jack New York free throws after being fouled.

Reed's buckets ruined a 17-point fourth quarter by Rick Barry, who once again finished as high scorer with 36. Reed had 24 for New York. The Warriors blew a 59-49 second-place lead as the Knicks poured through 12 unanswered points. In the third period, New York went on a 17-6 spurt and never was headed again. has picked up poeple like El- Triple A divisions.

Track Meets In Merger Spencer recalled. those two Eastern Division pow In the Yerington meets Whittell at 3 p.m. and Hum Freestyle Final ADELAIDE, Australia (AP) Kathy Wainwright of Australia broke a world record in winning the 1,650 yard women' freestyle swim final in the Australian national championships. ers are tough anywhere. The magic number remains four for the Warriors any com boldt faces Douglas at 8 p.m.

have a good ball team the best they've ever had at Nevada Southern. ''But, said Spencer, the Wolves can't be counted out of the The winner of the first will LOS ANGELES (AP)- Two easily. The most elaborate stage productions with the world's prettiest dolls, are performed every night of the year. But would you believe Las Vegas is home of one of the country's most interesting and talented collegiate basketball teams? Nevada Southern University meet Stewart at 6:30 on Fri- bination of Warriors victories major track meets, the Iis and St. Louis losses that add up Angeles Coliseum Relays and aav ana me winner or Hie see giitne yet.

They always come back." 'The team will return Thurs the Compton Invitational, have merged and will be run at night June 2 in Memorial Coliseum. day to rest for the home court finale against San Francisco A fee (184) has built a reputation of playing exciting and wild bas State College and The merger, for one year only, was announced Tuesday. "We feel that combing our efforts in this single track meet State College, Hayward, on Fri ketball. Southern's young coach, Roland Todd, says the school's basketball program is just will be a fine contribution to and Saturday nights. games will start at 8 pirrt.

Each will be preceded by game. An Important Story Reprinted From: Todd, who isn't timid about going out and seeking the best track and field in this pre-Olym-pic year," said William M. Henry, president of the Southern California Committee for the Olympic Games. Jess Hill, director of athletics talent available, has players tt from Washington, D.C., Long Is SUN land, N.Y., and Newark, N.J. sarwi mm i at Km own nut ttiuuf He even has some from Las at the University of Southern Vegas.

California and general chairman of the Coliseum Relays in alter "I feel I can out-recruit the ROLAND TODD California schools and other state colleges," Todd said. "We nate years, said the merger had nothing to do with the feud between the Amateur Athletic Union and the U.S. Track and NEW LAW THRUST ON CASINOS waive tuition fees for out-of- burt Miller (averaging around 30 points a game), Vic Morton state students and that helps. and Jerry Chandler. Field We have good scholarships as Another goal is an active well and good jobs if the kids xne uluseum Keiays were HSU Invited Court Tourney LAS VEGAS (AP) Nevada Southern University's Rebels have accepted a spot as an at-large team in the 1967 National Collegiate Athletic Association ball Tournament.

Athletic Director Chub Draku-lich said he received the bid this week In a telephone call from Don Perkins, NCAA representative for the Far West Region. He said he sent a telegram saying the Rebels, 18-4 for the season, would accept the bid. Three other teams will be named later to play in the booster club of at least 500 want them." scheduled for May 6f and the members. There are' now about Compton meet for June 3. Sky- Utek Scrape Todd skips over the details 150.

about the "good jobs" but sto Plans to bring football to the ries of high-paying work at ca sinos in the gambling capital Las Vegas school are something Todd is trying to talk down right now. are common and the Nevada Golden Glover Hopes Af light Southern coach does nothing to "I want to get a sound bas dispel the stories. ketball program and then add u)es Another recruiting gimmick at football. If we don't establish MILWAUKEE, Wis. (AP) our basKetDau program nrst, Nevada Southern may be the best of all.

Showgirls from the Gay Hodges of Los Angeles has casinos are enrolled at the escaped with a split decision over smooth Chuck Haynes of one could kill off the other," Todd said. Besides, they may run short of showgirl students. school and could turn up as a sharpshooter's classmates. Detroit and his bid for the national Golden Gloves heavy I guess the kids like our weight crown that eluded him a scenery," said a smiling Todd year ago remains very much Todd is firm on the type of alive. program he wants at Nevada Southern.

Hodges' narrow victory in the Warren Spahn Named Manager Okla. (AP)-Warren Spahn, crafty left-hander who wpn 20 or more games 13 times during his 21 major league seasons, was expected to be named nj'anager today of the Tulsa Oilers of the Pacific Coast League. Lightning Kills BIRMINGHAM, England (AP) Tony Allden, 22, one of four amateur soccer players struck by lightning during a match Saturday, died In a Birmingham hospital Sunday. "I feel we need a schedule to show the kids what we're tournament's quarts r-finals Tuesday night earned the 1966 runner-up a semifinal berth to hoping to do," he said. "Then we won't have to say 'this is night opposite Cleveland's Mike what we're hoping to do' Boswell.

dozens of new places opened up, straight casinos and resort hotels. Separately came the revolution in entertainment, the area when hoteh would spend 3 million in one year for entertainment Without exception hotels found earnings declining: The down-trend would continue as more places opened up. Gambling was developing new economics: hotels would have to get more customers. They would have to get a higher volume of play by a new type of customer who plays modestly or not at all. Every coirptroller discovered this: the need for volume.

Rooms: Key to Volume Then the corollary. To get more customers, whether in a casino, restaurant, bar or showrcom, you need more rooms. It is axiom: the key to volume is rooms. Customers like t3 patronize the hotel where they stay: they will THURSDAY, FRIDAY, SATURDAY, SUNDAY p- 1 ii 1 E7 1 lTlTQ (q Fir 1 1 I iw A PtvMon ol lh 5. $.

Krtg Company A Division oi lh 5. S. Krttge Company THE SUM Hi Its sunglass screen lets you see a picture even out in the sun. This is the firth in a series of articles on Nevada gaming by Gabriel R. Vogliotti.

They are adapted from his forthcoming book. Vogliotti is a former nationally syndicated columnist and a native Nevadan. He is executive director of the Nevada Resort Association, representing 11 major hotel-casinos in Las Vegas. II I I il If JUL Xp 3 1 1 4 I I new A I By GABRIEL R. VOGLIOTTI Throughout the summer of 1964, partners in the lovely Sand3 Hotel would meet to discuss a strange problem.

The Sands, though doing fairly well, would have to borrow several million dollars for an expansion which not all the partners liked. The Sands had 523 room; and its casino had 22 games. Its patrons ran to high-income brackets and they came from all over the country, thousands of people with a fixed Sands loyalty. The Sands had a personality that was a total of several things. Its president, Jack Entratter, had given his house a national reputation for having the most brilliant stable of stars in America, for that matter, on earth.

Tho Sands showrooH, with its procession of Sinatras, Martins, Bishops, with Sammy Davis, Jerry Lewis Danny Thomas, Red Skelton, tJ name a few, had what was almost a permanent standing-rocm-only situation. The Sands was famous for an indefinable atmosphere, a point freely conceded by other Las Vegas hotels, a club-like feeling that accounted for tlie loyalty. To stroll through its small lounge was to run into townspeople and celebrities. At noon, its Garden Room was a club for the town's who's who. Expansion and Debt: the New Law Understandably, Sands omers wondered about the strange law that was forcing them to tear down so much of it.

They were being forced to expand, forced into expensive enlargement. Architects would demolish treasured features. Owners were worried because just possibly it could change the famous Sands personality. Enlargement would move the lounge and bring down the celebrated murals cf the Garden Room. To understand the Sands problem we can look at hitherto undisclosed figures of several other hotels, figures which will show for the first time the dilemma that faced not only the Sands, but Trapicana, Desert Inn, Thunder-bird, Riviera, Dunes, Sahara, to name some of the places hit by ths strange law "expand or die." Beginning with the Tropicana, at the southern end of the Strip, all the way to the Sahara at the northern end, every one has had to enlarge or go under.

It may cause smiles to say that expansion indicates trouble rather than prosperity, but this will be supported by every bank in Nevada, by the Lybrand accounting fir, by any major American accounting firm which the reader may query. To repeat, expansion the building of more plant is not an indication of wealth but of trouble. Competition Shapes Decision Back in the dim past of twelve years ago, a hotel could dD well with 300 rooms. There weren't many and each could count on a quota of b'g players, wealthy men who played heavily. The hotel-casino of the mid-fifti2S had an income-expense ratio that produced a profit on 300 rooms.

In subsequent years, for many reasons, big players declined. Separately, hundred thousand more to refurbish in 1966. The curve of Tropicana capital Investment climbs. The curve of profits is absolutely flat. The Tropicana net in 1961 was It did not rise 10 per cent above that in six years.

In 1965 it had shrunk to a net of $923,111. Stardust curves are nowhere as good. The chart shows, predictably, a steep risa in tho ciSa of plant Owners added the Royal Nevada's 200 rooms in 1959, a golf course and country club in 1961, a 9-story hi-rise in 1963, convention facilities In 1965, two restaurants in 1966. Its profits, whether in percentages or dollars, are far, far down from 1961. More Spent for Same Gain For hotels it has become economic law: you mu.t have more plant each year, more invested capital, to earn the same amount of money.

To get back to the Sands, they made their impressive expansion and held their breath. They breath easier now for the Sands retained its glamour and' personality. Their tower soars skyward, as does its total investment. But. the profit of 1961 was $705,979 and the profit in 1965, after ploughing in many more millions, was $703,894.

And always the expansions are made with borrowed money. Always the imposing towers that can be seen for miles, represent a debt load and interest payments, so enormous as to be (in cases) cn embarrassment. Management sees a declining net Then come hours spent around the board table, local and outside bankers participatin. Then the verdict, "Stay as you are and you go under. Add another three or six million to your present 10 to 20 million investment and your hotel will then have enough capacity to stay in business." Financial histories of the beautiful hotels are as fascinating as their shows Owners have been reluctant to discuss debt load, interest payments, the des- peration of the fight for volume, not to be secretive, but because of simple embarrassment The Everest of Debt It can be disclosed here that one Strip hotel, capitalized at 30 million, Is in debt for 27 million.

It has never been previously disclored that a single Las Vegai bank was the broker that arranged for 120 millions in loans, outstanding at this hour, to hotels on the Sirip alone. Such figures might not have been released even new, except for the realization that Nevada people must bs told about new forces that have completely reshaped their main industry. It; to basic to the public interest to know that the huge new structure? stand on foundations of cement and debt Tha people of Nevada, having not been told, can't know what taxing policies use for the glamorous citadels. (If readers will bear with us, we will still get to the Lybrand Report, the study that tells so much about Nevada gambling but which passes over; much too casually, one of the big stories of Nevada gambling its almost intoler- able debt load.) Paid Advertisement TOfWMftfTER AUTOMATIC HEATER KEEPS YOU "WARM AS TOAST" TRANSISTOR RADIO NOW ONLY 16.77 4 DAYS 4.97 ONLY Nw txchnivt SpMdl4 kMfiM mm it if wWboit.t instant Comes complete with car-1 it bioww-f, nilmnl hw, frying case, earphones and! "mi batteries. Save now at Automatic i if u.j fl- Limited quantity f.

12 LBS. LIGHT! "1 PLAYMATE NOW ONLY 69.88 visit other places, but they concentrate on their temporary home, their base hotel. The Dune3 faced its problem in 1959 when it found that 203 rooms was a losing formula. In 1960 it added 246 rooms, which helped the earnings picture for a time. But by 1965, the competition for customers was such that again it had to enlarge, now with its hi-rise of 21 stories.

This was 6S0 rooms in six years, all built wih borrowed money, for a debt load which Major Riddle, Dune3 president says "is as tall as the Dunes itself." Interestingly enough, the Dunes is one of the few hotels thit measures up to Parry Thomas formula for a safe room ratio. Thomas, board chairman of Bank of tas Vegas, is the banker who has negotiated many of the purchase or expansion loans. Thomas makes th3 kind of statistical studies which, sooner or later, must hi made by some permanent bureau of gaming statistics. His charts show that the soundest formula for a Las Vegas resort hotel is about a thousand rooms, that they should have that kind of capacity for safe operation. The Dunes is close, with 8S0.

Earnings Curve Flattens Out But Dunes earnings have not kept pace with the skyward climb of its towering hotal. Rooms climb higher but the earnings curve stay3 pretty flat. Tropicana books show the same inexorable law. It had to expand three in six years, 150 rooms in I960, 110 in 1963, a million-dollar plunge in 1964 for its famous Blue Room, several 1 1 Sturdy steel construction, A a .1 i ve "uncciDiy ngnrweigni! -J Slim, compact styling lux luggage handle. lid88! 1 'I PRICED FOR CLEARANCE! PLAYMATE NOW ONLY 82.88 For scanning 'n tanning the new Sony TV-700U operates off a re- chargeable battery-pack and has a special black-screen that blots up glare like sunglasses.

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