IOUs Archives

Caesars Palace (Las Vegas, NV) Casino History Did You Know? Gambling Currency: Credit Gambling History Gaming History Las Vegas Strip / S. Las Vegas Boulevard Las Vegas--Nevada Nevada Quick Facts United States

Quick Fact - Casino Credit Component

1970s Caesars Palace in Las Vegas extended $160 million in credit to players in 1977. This was more than the then-considered staggering $106 million cost of the original MGM Grand (early ’70s), also in Sin City, and…

Crimes / Violence / Punishments: Tax Evasion Did You Know? Dunes (Las Vegas, NV) Gambling: Debt Governing / Regulatory Bodies: Internal Revenue Service Las Vegas Strip / S. Las Vegas Boulevard Las Vegas--Nevada Nevada Quick Facts United States

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…