Reno Gazette-Journal from Reno, Nevada • Page 28

Today's tip 8B Friday. June 24. 1988 Reno Gazette-Journal BUSINESS EDITOR: JIM GOLD, 788 6322 usuries For tree brochure, "Horn Equity Loans, A Consumers Guide," write American Institute of Certified Public Accountants, Order Department, Box 1003, New York, NY, 10108-1003. Sparks publisher attacks Gazette-Journal turned to "desk-top publishing," a process where editors can prepare whole pages of copy for production on a com- Euter screen. The paper as well as the Big lickel shopper are printed on the newspa- Kr's Goss Community press, which has en expanded over the years.

Except for holidays, the paper will be delivered in the afternoon to subscribers by 5:30 p.m., Frisch said. It will be on the newsstands at 100 locations between 3:30 and 4:30 p.m., with a newsstand price of 25 cents. Frisch said the Tribune has no plans "to go head to head" with the Gazette-Journal in covering the region. It will continue to concentrate on Sparks, regional issues and Washoe County government. "We will produce a paper that's informative and fun to read.

We like to think we have a personality at the Tribune." The paper will subscribe to the Associated Press wire service, several comics and syndicated columnist Jack Alleges antitrust violations, details plans to go daily By Susan VoylesGuettJoumai Sparks Tribune Publisher Randy Frisch on Thursday attacked the Reno Gazette-Journal for alleged antitrust violations for an ongoing circulation drive in Sparks, in which some residents are being offered discounts. Frisch made the charge at a news conference at the Tribune's office, when he detailed the weekly newspaper's plans to begin publishing five days a week starting Monday. He described as "damn dirty pool" an ongoing circulation drive by the Gazette-Journal, in which new subscribers are years ago and currently is offering residents in some sections of Reno introductory offers at different rates. Frisch said the Tribune has advertising commitments to publish a 14-page newspaper on weekdays. It will have only one section.

The front and back pages will feature local news while national, international and sports news will be inside. The paper will feature a new masthead saying "The Daily Sparks Tribune." The Tribune has hired a few extra people for the conversion, Frisch said. He named two new positions, a photographer and a reporter, for a six-person editorial staff. The paper employs a full-time staff of about 50, including seven in classified sales and five or six in display advertising, he said. It also hired 14 part-time truck drivers to deliver the paper each day.

During the past year, the paper has being offered an introductory rate of $22.80 for three months' service. That compares with the regular rate of $34.20. The Tribune plans to charge $5 a month for delivery of its afternoon paper. "We will not let people who break the law break our plans," Frisch said of the Gazette-Journal's discount. He said he intends to file suit against the paper, if necessary, to get it to change its ways.

Frisch then said the Tribune plans to give its 8,000 subscribers a month's worth of papers free. When asked how that compares against the charge he levied against the Gazette-Journal, he said, "These are subscribers who have been loyal to us. It's completely different." Dave Licko, Gazette-Journal controller, said the introductory offer is to encourage new readers and is a practice used by newspapers all over the country. Further, he said the newspaper opened its telephone sales department three 6 peircera coimomniy grow 3 nicqoodies fill American homes NEW YORK Consumer electronics aren't Just for yuppies, an industry group said Thursday in releasing a Gallup survey that found nearlv two-thirds of American homes owned a videocassette recorder. Ownership of VCRs has mushroomed to 65 percent of U.S.

households, said the Electronic Industries Association, which sponsored the nationwide telephone survey of 1,008 adults this spring. Televisions, which topped the popularity list, were owned by 99 percent of the households surveyed. Among other items included in the survey, telephone answering machines were tn 24 percent of the homes, personal computers in 18 percent and compact disk players in 14 percent. Some people even claimed to have facsimile machines at home about 1 percent, the Gallup Organization survey found. Stock market loses ground NEW YORK The stock market retreated slightly Thursday in moderate trading, weakened by investors cashing profits from the strong gains of the previous two sessions.

The Dow Jones average of 30 industrial stocks, which had risen nearly 70 points over Tuesday and Wednesday to the highest level since the October crash, lost 3.91 points to close at 2,148.29. Broader indexes were largely lower. Some traders were disheartened by what they called the market's failure to sustain the momentum of a rally that began two days earlier. They said it reflected a reluctance by a broad range of investors to commit significant money to the market for a prolonged period. Harvey's opens race book Harvey's Lake Tahoe opens its new, race and sports book today and will hold grand opening activities the first week of July.

The hotel-casino has not previously operated a race and sports book, said department manager Bryan Lowry. Five 35-inch color television sets and three smaller color sets are included in the area that also features a 40-by-6 and a 50-by-20 equestrian mural, he said. "We will book all major sports, but the emphasis is on horse racing," Lowry said. The race and sports book is adjacent to a bar and to the Winners Deli. The project is part of an overall $6 million remodeling that includes expansion of the gaming area from 64,000 square feet to 88,000 square feet, addition of a poker room and addition of a swimming pool area.

Aladdin denies sale report LAS VEGAS A newspaper reported Thursday that the Aladdin Hotel was behind in payments to some creditors and said the property might be for sale. A hotel official denied the report. The Las Vegas Review-Journal reported that two Strip executives, who were not named, said owner Ginji Yasuda was trying to sell the resort. "That's absolutely false," said Terry Richert, Aladdin chief financial officer. "It's absolutely not for sale.

I can't be more absolute than that." Richert said the hotel was paying suppliers "on an as-agreed-to-basis." People Hibbs Lee LOYAL ROBERT HIBBS, a Reno attorney, has been appointed to the House of Delegates of the American Bar Association by the board of governors of the State Bar of Nevada. His three-year term begins in August. The ABA House is the governing body of the lawyer association. Hibbs is a past president of both the Nevada State Bar and the Washoe County Bar Association and is on the board of directors of the National Judicial College. Hibbs is senior partner in the Reno firm of Hibbs, Roberts, Lemons Grundy.

RICKY LEE has joined Games of Nevada, Las Vegas-based manufacturer and distributor of electronic gaming devices, as manager of the firm's RenoNorthern Nevada office. Lee has been active in the casino and gaming industry for 19 years in Las Vegas and Reno. He was formerly slot manager at the MGM Grand Hotel and Casino in Reno. Wire service and staff reports tiOCUC I. nil ffBfc mimum rir tjT 'fTTf NEW WAY TO GO ON VACATION: This is an artist's ren- two sizes a 20-meter, 30-person model and a 25-meter, dition of a leisure submarine that Mitsubishi Heavy Industry 40-person type.

Both nas aeveiopea ana started marketing. Burger King to open downtown But corporate profits lower in 1 st quarter The U.S. economy grew at a 3.6 percent annual rate in the first three months of 1988, still strong although less than the previously estimated 3.9 percent rate, the government said Thursday. The Reagan administration also said it was confident enough in the economy this year to boost its growth forecast for all of 1988 to 3.5 percent from the original estimate of 2.9 percent. "Our rosy forecast wasn't rosy enough," Beryl Sprinkel, chairman of the president's Council of Economic Advisers, told reporters.

"The economy is doing better than even we expected." In a less encouraging report, the Commerce Department said the after-tax profits of U.S. corporations fell 1.0 percent in the first quarter, the poorest showing since the first quarter of 1987. Frenzied trading in Chicago pushed the July contract for soybeans to a 15-year high, but prices fell sharply when uncertainty about the weather caused a nervous wave of selling. Corn and wheat futures also retreated on the Chicago Board of Trade, while oats rose to record highs on fears of further damage to the drought-ravaged crop. "We're trading hysteria right now," Cathy Leow, a New York-based grain analyst with Thomson McKinnon Securities said of the soybean market's erratic performance.

The dollar gyrated in the foreign-exchange markets and finished mostly higher, while bond prices finished little changed after an early rally ran out of steam. Sales of domestic-made cars and light trucks rose 12.8 percent in mid-June from a year earlier, resuming 1988's robust pace after a brief lapse earlier in the month, automakers reported Thursday. After the October stock market collapse, many private economists expected a slowdown or even a recession this year. They criticized as unrealistic White House projections saying the economy, as measured by the gross national product, would grow at a steady 2.9 percent pace, the same as in 1986 and 1987. See GROWTH, page 5B $93.68 billion to charity, set record NEW YORK (AP) Despite scandals in the pulpits and problems on Wall Street, Americans reached deeper than ever into their pockets last year to give more than $93 billion to philanthropic organizations, according to a study.

The $93.68 billion tallied in the annual report "Giving USA" was almost 6.5 percent more than the $88 billion given in 1986. The increase was nearly twice the rate of inflation, which rose by 3.7 percent, and topped the growth of personal income, which was just under 6 percent in 1987. Eighty-two percent of all charitable donations came from individual Americans. They contributed $76.82 billion, 6.65 percent more than they gave in 1986. Only one major category of donor, U.S.

corporations, failed to give more than in 1986; they gave $4.5 billion in 1987, the same as in 1986. Contributions by foundations rose by 8.14 percent to $6.38 billion and bequests from estates went up 7 percent to $5.98 billion. The figures were issued Wednesday by Nathan Weber, editor of the annual report of the American Association of Fund-Raising Counsel Trust for Philanthropy. The biggest gift of the year was Norton Simon's donation of art worth $750 million to the University of California. By Lisa OvensGazette-Journal The owners of four local Burger King restaurants will open a fifth restaurant in downtown Reno by summer's end.

Work crews this week started renovating the building at 143 N. Virginia and the restaurant is scheduled to open at the end of August, said Dave Cutter, director of operations for Burger King. Up to 75 people will be employed at the restaurant, he added. The building, which was willed to the American Cancer Society by the late Kate N. Dodd and which has a 65-year lease 2 Texans denied as Nevada junket organizers Associated Press can cruise at 30 meters and travel at Reno restaurant ald and Barbara White and George and Diane Sorrentino.

The foursome, which was unavailable to comment Thursday, has been in business in this area for 11 years. Cutter said the new restaurant will be different than the other local Burger Kings. While most of the chain's restaurants are 3,400 square feet, the new one will be 1,400 square feet larger and the interior decor will be more contemporary and brighter than most, he said. See BURGER, page 5B OKs Frontier sale Summa Corp. still owns large parcels of land in the Las Vegas area, including a piece called Husite that the company is developing.

Mrs. Elardi operated the Pioneer Club in downtown Las Vegas for 16 years before selling it in 1982 to concentrate on her Pioneer Hotel and Gambling Hall in Laughlin. At the Frontier she will employ Dominic Tegano as vice president of casino operations and Richard Howe as casino manager. The commission also approved Gary and Gail Mahoney as owners of the Opera House Casino in North Las Vegas. The panel also denied Robert Palmac-cio who had tried to withdraw his application as casino manager at Sam's Town Gold River hotel-casino in Laughlin.

The commission's investigative arm, the state Gaming Control Board, had opposed Palmaccio on grounds he wasn't cooperative and made misleading or false statements on his application. Associated Press to Butch Stallcup, a Dallas man described as an unsavory type by the Gaming Control Board. Silver said there was nothing odd about the loan and the bank official who made the loan knew much of the proceeds were going to Stallcup. He also said Cole knew people from all walks of life because of his long career in the restaurant business. Associated Press I he sub comes in just unaejnc with the Club Cal-Neva, housed the Leather and Lace shop until last week, said William Thornton, secretary-treasurer of the Cal-Neva.

Burger King is subleasing the building for 20 years, he said, adding that the casino and restaurant will share the $250,000 cost of renovating the building. "We wanted to upgrade downtown Reno basically by getting a good tenant mix," Thornton said. "We talked to several (possible) tenants and we wanted to be selective." The new Burger King is owned by Don Gaming Commission CARSON CITY Longtime casino operator Margaret Elardi was approved Thursday to buy the Frontier hotel-casino in Las Vegas, part of the gaming empire started by the late Howard Hughes. The unanimous approval followed Nevada Gaming Commission Chairman John O'Reilly's comment that Mrs. Elardi's application and investigative report were clean.

Mrs. Elardi acquired the club and the land under another Summa Corp. property, the Silver Slipper Gambling Hall, for an undisclosed price. The Slipper will be demolished and Mrs. Elardi plans to build a new hotel with the same name on the site.

Hughes and his Summa Corp. revolutionized gaming in Nevada in buying the Desert Inn, Sands, Frontier, Slipper, Castaways and Landmark resorts in Las Vegas and Harolds in Reno in the mid-1960s. The purchases marked the entrance of corporate gaming to the state, which had previously limited casino ownership to individuals or partnerships. biers whose activity might be legal in Nevada but illegal in their home states. "You're not going to send a priest or rabbi in there," said Cole's attorney, Jeff Silver, in urging the commission not to apply too strict a standard in the case.

But Commission Chairman John O'Reilly said he was concerned about Cole's arrests and also about his handing over $40,000 of a $50,000 loan Cole received CARSON CITY The state Gaming Commission voted 3-2 Thursday to find Dallas restaurant owner James Cole unsuitable because of past illegal book-making activity to run gambling junkets to Nevada. The commission also ruled against James Winford Taylor, a junket organizer from Corpus Christi, Texas, who had been bringing high-rolling gamblers to the Sands hotel-casino in Las Vegas. Taylor didn't show up at the commission meeting but Cole did, telling the Eanel he was no longer involved in illegal ookmaking and had recommendations from many prominent people, including former Dallas District Attorney Henry Wade. Cole also said the gamblers he had brought to Caesars Palace in Las Vegas and Caesars Tahoe at Stateline had dropped $15 million last year at the clubs. However, Cole got only two votes and needed a unanimous vote to overcome a recommendation against his continued junket operations two weeks ago from the commission's Gaming Control Board.

Favorable votes came from Commissioner Bob Peccole and Ken Gragson, who said Cole had only a 1966 arrest for illegal betting and a bookmaking-related arrest in 1982. Peccole questioned whether the commission should rely on the word of a "scum-of-the-earth" police informant who was involved in the 1982 case against Cole or on the word of people like Wade, former Texas Attorney General Wagner Carr, and Nevada Lt. Gov. Bob Miller; they all endorsed Cole. Gragson added that junket representatives tend to be "something of a different breed" because they must deal with gam-.