Quick Fact – Gambling Debut Delay

1967 When the owners of the Ponderosa — Reno, Nevada’s newest major hotel (at 515 S. Virginia Street, now the Wild Orchid) — were about to debut gambling, with a celebratory first throwing of the dice, they ran into a snag. It seems the casino bankroll was locked in the hotel safe … along with the safe key. Two…

Quick Fact – Accounting Shift

1964 The Dunes in Las Vegas, Nevada switched from writing off unpaid IOUs to claiming them as income, allegedly to keep Internal Revenue Service agents from harassing its customers — asking guests in the hotel if they paid what they owed. On its fiscal 1965 income tax return, the hotel-casino reported as income $1.3 million…