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%CARSON CITY. Nev (UPl)j —The Gaming Control Board ytsterday ordered the Tallvbo Hotel on the 1 ,a« Vega* Strip to “dean house on its apphratirw for a gambling license jor Withdraw it* hid to take over the casino there jBoard chairman Ed Olsen told hotel represen i a lives “You have people in the woodwork who will either have to go or come in here for a license As far as those people who have invested money and not joined the application, let’s pot them on immediately or drop them We don't want anyone exercising authority without a license ”At'ornev Don Wtnne of I as Vegas, representing the group, said he would submit a complete financial plan hv the next hoard meeting March 4 or resign . _ •.. wThe group submitted several partnership changes yesterday which would have Steve Park er of Encino. Calif., increase his holdings from ft to 20.5 |»er cent. Parker, husband of actress Shirley Maclaine, would have held a reported 1 1250.000 of the $1.25 million package mHis added percentage points ( would have come from Carol Mavnard of Sherman Oaks. Calif., and Edward Nellis of Las Vegas. Nellis originally j was designated as partnership manager The applicants lack a signed partnership agree ment . IThe partnership is trying to open gambling at the hotel which closed earlier because of financial troubles when it did not have a casino.Board member Ned Turner said the Tallvho would need about $1.5 million to open operations. It operated 10 months in 1963 as the onlvWlarge hotel on the Strip with out gambling before going ^ broke ?■% * tThe board deferred action on the application until nextmonth“1 don't think it's fair to ask ^j, us to act on something that’s entirely different from what was presented Mondav, board\m member W F. Levpoldt said • 'it would do the Casino industry a grsat deal of harm if you opened and m six months went broke because of lack of|d; financing.
Newspaper Details
Las Vegas Sun
Las Vegas, Nevada, US
Wed, Feb 17, 1965
Page 16
Full Page
Clipped by
A J.
NV, USA 17 Oct 2017
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