When Anderson took over the Dunes Hotel one of his first moves was to hire the former chairman of the Gaming Control Commission to work for him at the Dunes. His partner at First National Bank of Marin was Morton Hopkins, a Texan who later owned Commodore Savings and Loan in Dallas, which failed.
Hopkins was indicted in January 1989 for election fraud, for allegedly hiding from regulators the use crazy slots club casino Commodore funds for political purposes. A key loan officer at San Marino during the tune Bona and Domingues received some of their loans later became CEO at South Bay owned by Bona and Domingues and a consultant to Robert Ferrante's Consolidated Savings.
FHLBB memo of 9-28-83 and documents on file with the California savings and loan commissioner. At that time the largest liquidation of a thrift in FSLIC history. South Bay was seized by regulators in Mareh 1987. Who play free online slot game his name on an Atlantic City gaming license slots girls as ack Bonacorte, according to the Dallas Morning News.
The KBI didn't know how much money the pair put into the project.
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Although the health of the industry has begun to improve, Las Vegas Sands seems to have been a bad gamble. Investors would have been well served to understand not only the recent developments at the company, including the appointment of Patrick Dumont, the son-in-law of founder and controlling shareholder Sheldon Adelson, as its new chief financial officer, but also the economic factors that have caused headwinds penny slots reno the gambling industry.
For the quarter that ended in March, the earnings-per-share were almost 20 cents below the Street estimate. Net revenue was 9. See also: Las Vegas Sands Appoints New CFO. The gambling industry in Macao, the only area in China where it is legal, has been crumbling because of a crackdown on corruption.
The good news is the company's gaming volumes and non-gaming segments remain resilient.
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