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Klondike Sunset Casino
Klondike Sunset Casino is a locals casino located on of land at 444 West Sunset Road, west of Boulder Highway, in Henderson, Nevada. It was initially owned by Tom Yarbrough, who opened it as Tom's Sunset Casino on August 2, 1989. The casino closed in January 1998, due to financial losses and new competition. John Woodrum purchased the casino and reopened it as the Klondike Sunset Casino in October 1999, after a $5 million renovation. The casino was a sister property to Woodrum's Klondike Hotel and Casino on the Las Vegas Strip in nearby Paradise, Nevada. After Woodrum's death in 2014, the casino was closed and sold to Carl Giudici, whose plans to renovate and reopen the casino failed to materialize. Bruce Familian and Jon Athey purchased the casino in December 2015, and reopened it on August 3, 2016, after an eight-month renovation. History Tom's Sunset Casino (1989–1999) In July 1988, Southwest Equities was approved for a limited gaming license for Tom's Sunset Casino, wi ...
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Henderson, Nevada
Henderson is a city in Clark County, Nevada, United States, about southeast of downtown Las Vegas. It is the second largest city in Nevada, after Las Vegas, with an estimated population of 320,189 in 2019. The city is part of the Las Vegas Valley. Henderson occupies the southeastern end of the valley, at an elevation of . Henderson is known for its supply of magnesium during World War II. With the decline of magnesium production, the Nevada legislature approved a bill that gave Nevada's Colorado River Commission the authority to purchase the industrial plants, and Henderson was incorporated in 1953. Henderson is the location of Lake Las Vegas. History The township of Henderson first emerged in the 1940s during World War II with the building of the Basic Magnesium Plant. Henderson quickly became the main supplier of magnesium in the United States, which was called the "miracle metal" of World War II. The plant supplied the US War Department with magnesium for incendiary munitio ...
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Escrow
An escrow is a contractual arrangement in which a third party (the stakeholder or escrow agent) receives and disburses money or property for the primary transacting parties, with the disbursement dependent on conditions agreed to by the transacting parties. Examples include an account established by a broker for holding funds on behalf of the broker's principal or some other person until the consummation or termination of a transaction; or, a trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums. The word derives from the Old French word , meaning a scrap of paper or a scroll of parchment; this indicated the deed that a third party held until a transaction was completed. Types Escrow generally refers to money held by a third party on behalf of transacting parties. It is mostly used regarding the purchase of shares of a company. It is best known in the United States in the context of the real estate industry (specifically in mor ...
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1989 Establishments In Nevada
File:1989 Events Collage.png, From left, clockwise: The Cypress Street Viaduct, Cypress structure collapses as a result of the 1989 Loma Prieta earthquake, killing motorists below; The proposal document for the World Wide Web is submitted; The Exxon Valdez oil tanker runs aground in Prince William Sound, Alaska, causing a large Exxon Valdez oil spill, oil spill; The Fall of the Berlin Wall begins the downfall of Communism in Eastern Europe, and heralds German reunification; The United States United States invasion of Panama, invades Panama to depose Manuel Noriega; The Singing Revolution led to the independence of the Baltic states of Estonia, Latvia, and Lithuania from the Soviet Union; The stands of Hillsborough Stadium in Sheffield, Yorkshire, where the Hillsborough disaster occurred; 1989 Tiananmen Square protests and massacre, Students demonstrate in Tiananmen Square, Beijing; many are killed by forces of the Chinese Communist Party., 300x300px, thumb rect 0 0 200 200 1989 Loma ...
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William Hill (bookmaker)
William Hill is a British gambling company founded in 1934. Its product offering includes sports betting, online casino, online poker, and online bingo. The business is split into two divisions, UK and International. UK operations are conducted from its headquarters in London, alongside satellite offices in Leeds and Gibraltar, while its International business operates from its hub in Malta. The company was previously listed on the London Stock Exchange until it was acquired by Caesars Entertainment in April 2021. In July 2022, William Hill was subsequently acquired by 888 Holdings for £2.2 billion. History The company was founded by William Hill in 1934. It changed hands many times, being acquired by Sears Holdings in 1971, then by Grand Metropolitan in 1988, then by Brent Walker in 1989. In September 1996, Brent Walker recouped £117m of the £685m it had paid for William Hill when Grand Metropolitan were found to have exaggerated the company's profits at the time of the ...
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Nevada Gaming Commission
The Nevada Gaming Commission is a Nevada state governmental agency involved in the regulation of casinos throughout the state, along with the Nevada Gaming Control Board. In 1959, the Nevada Gaming Commission ("Commission") was created by the passage of the Gaming Control Act ("Act"), Nevada Revised Statutes Chapters 462–466, by the Nevada Legislature. The Act laid the foundation for what would become modern gaming regulation. The Commission consists of five members appointed by the governor to four-year terms, with one member acting as Chairman. The Commission members serve in a part-time capacity. The primary responsibilities of the Commission include acting on the recommendations of the Gaming Control Board (Board) in licensing matters and ruling upon work permit appeal cases. The Commission is the final authority on licensing matters, having the ability to approve, restrict, limit, condition, deny, revoke or suspend any gaming license. The Commission is also charged with the ...
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Chapter 7, Title 11, United States Code
Chapter 7 of Title 11 of the United States Code (Bankruptcy Code) governs the process of liquidation under the bankruptcy laws of the United States, in contrast to Chapters 11 and 13, which govern the process of ''reorganization'' of a debtor. Chapter 7 is the most common form of bankruptcy in the United States. For businesses When a troubled business is unable to pay its creditors, it may file (or be forced by its creditors to file) for bankruptcy in a federal court under Chapter 7. A Chapter 7 filing means that the business ceases operations unless those operations are continued by the Chapter 7 trustee. A Chapter 7 trustee is appointed almost immediately, with broad powers to examine the business's financial affairs. The trustee generally liquidates the assets and distributes the proceeds to the creditors. This may or may not mean that all employees will lose their jobs. When a large company enters Chapter 7 bankruptcy, entire divisions of the company may be sold intac ...
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Chapter 11
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ...
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SLS Las Vegas
Sahara Las Vegas is a hotel and casino located on the Las Vegas Strip in Winchester, Nevada. It is owned and operated by the Meruelo Group. The hotel has 1,616 rooms, and the casino contains . The Sahara anchors the northern end of the Las Vegas Strip, at the corner of Sahara Avenue. It is the site of the northernmost station of the Las Vegas Monorail. The resort initially operated under the Sahara name from 1952 to 2011. Originally, Milton Prell opened the Club Bingo casino on the site in 1947. In 1951, he gathered former business partners to begin work on the Sahara, which was built on the land partially occupied by Club Bingo. Del E. Webb Construction Company built the Sahara, which opened on October 7, 1952, as the sixth resort on the Las Vegas Strip. It featured an African theme. Martin Stern Jr. designed several hotel additions for the Sahara, including a 14-story tower that opened in 1960. The Sahara was sold to Del Webb in 1961, and a 24-story hotel tower, also designed by ...
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Las Vegas Valley
The Las Vegas Valley is a major metropolitan area in the Southern Nevada, southern part of the U.S. state of Nevada, and the second largest in the Southwestern United States. The state's largest urban agglomeration, the Las Vegas Metropolitan Statistical Area is coextensive since 2003 with Clark County, Nevada, Clark County, Nevada. The Valley is largely defined by the Las Vegas Valley landform, a Depression (geology), basin area surrounded by mountains to the north, south, east and west of the metropolitan area. The Valley is home to the three largest incorporated cities in Nevada: Las Vegas, Henderson, Nevada, Henderson and North Las Vegas, Nevada, North Las Vegas. Eleven unincorporated towns governed by the Clark County government are part of the Las Vegas Township and constitute the largest community in the state of Nevada. The names Las Vegas and Vegas are interchangeably used to indicate the Valley, Las Vegas Strip, the Strip, and the city, and as a brand by the Las Vegas Co ...
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Honolulu Star-Advertiser
The ''Honolulu Star-Advertiser'' is the largest daily newspaper in Hawaii, formed in 2010 with the merger of '' The Honolulu Advertiser'' and the ''Honolulu Star-Bulletin'' after the acquisition of the former by Black Press, which already owned the latter. History On February 25, 2010, Canadian publisher Black Press Ltd., which owned the ''Honolulu Star-Bulletin'', purchased ''The Honolulu Advertiser'', then owned by Gannett Corporation for $125 million. As part of the deal to acquire the ''Advertiser'', Black Press agreed to place the ''Star-Bulletin'' on the selling block. If no buyer came forward by March 29, 2010, Black Press would start making preparations to operate both papers through a transitional management team and then combine the two dailies into one. On March 30, 2010, three parties came forward with offers to buy the ''Star-Bulletin'', but a month later on April 27, 2010, the bids were rejected because their bids for the ''Star-Bulletin'' were below the minimu ...
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Sparks, Nevada
Sparks is a city in Washoe County, Nevada, United States. It was founded in 1904, incorporated on March 15, 1905, and is located just east of Reno. The 2020 U.S. Census counted 108,445 residents in the city. It is the fifth most populous city in Nevada. It is named after John Sparks, Nevada Governor (1903–1908), and a member of the Silver Party. Sparks is located within the Reno–Sparks metropolitan area. History Euro-American settlement began in the early 1850s, and the population density remained very low until 1904 when the Southern Pacific Railroad built a switch yard and maintenance sheds there, after moving the division point from Wadsworth. In 1902, The Southern Pacific purchased a large tract of swamp-like land near its newly built railyard, and gave everyone clear deed to a lot for the sum of $1. They also offered to pick up and move every house in Wadsworth and reassemble it in this new town free of charge. As the population increased, a city was established, f ...
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Zoning
Zoning is a method of urban planning in which a municipality or other tier of government divides land into areas called zones, each of which has a set of regulations for new development that differs from other zones. Zones may be defined for a single use (e.g. residential, industrial), they may combine several compatible activities by use, or in the case of form-based zoning, the differing regulations may govern the density, size and shape of allowed buildings whatever their use. The planning rules for each zone determine whether planning permission for a given development may be granted. Zoning may specify a variety of outright and conditional uses of land. It may indicate the size and dimensions of lots that land may be subdivided into, or the form and scale of buildings. These guidelines are set in order to guide urban growth and development. Zoning is the most common regulatory urban planning method used by local governments in developed countries. Exceptions include the Uni ...
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