An Inside Look at Late Gambler’s Estate

1951 Canada-born Jack Sullivan, né John D. Scarlett, had co-owned and run the Bank Club for two decades and prior to that, the Willows (it burned down in 1932) — both Reno, Nevada casino hotspots. He’d retired a mere six months before his death at age 72. He passed away on April 24, 1951 in…

Quick Fact – Shoddy Accounting

1956 When auditors for Nevada reviewed its books, they discovered the El Rancho casino on the Las Vegas Strip had underpaid the requisite gambling taxes over nine quarters by $39,000 ($350,500 today). Despite the claims of owners , et. al. that they believed they’d paid the proper amount, tax commissioners assessed a 100% penalty, the…

Quick Fact – Shill Losses

1952 When Ernest J. Primm owned the Monterey Club, a poker house in Gardena, California (a Los Angeles suburb), he claimed on his state income taxes the losses of his shills, up to $500 ($4,500 today) a month, as expenses or losses — illegitimate deductions. Seven years later, it caught up with him. The state’s Franchise Tax…

Hey, IRS, Give ‘Em Back!

1961 It was hot inside and outside Harolds Club in Reno, Nevada on a Wednesday afternoon in the early summer of 1961. Indoors, people gathered around to watch high-roller Lonnie Joe Chadwick on a winning streak. In his two-day spree playing 21, he already had cashed in about $30,000 to $50,000 ($239,000 to $398,000 today)…