Word: nevadas
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Want to buy a stake in an established, profitable service business in which the workers do everything they can to make customers happy? That proposition is being put forward by a group of Nevada entrepreneurs, led by lawyer Peter Perry and real estate developer Donald Clough, that is trying to attract investors for an unusual buyout. The target: Nevada's Mustang Ranch, the largest legalized brothel...
...million, $18 million of which would go to buying the ranch from its current owners, Joseph and Sally Conforte. Under its new ownership, the firm could function much like any other publicly held company. Except that its method of making money is not legal in any state besides Nevada...
...would cut travel time between Los Angeles and Las Vegas from five hours by car to 70 minutes by train. Ironically, the Japanese trading company C. Itoh & Co. has pledged to help arrange the $2.5 billion in financing that the West Germans would need to build the California- to-Nevada link. Reason: C. Itoh is Transrapid's agent in Japan and is pondering the possibility of building that system at home...
...Chicago-based company announced it would sell its arcade-game division to WMS Industries, its major competitor, for $8 million. Video games earned Bally $91 million in 1982, but in 1983 the video craze cooled and profits plummeted to $5.2 million. Bally, which owns four gambling casinos in Nevada and New Jersey, will keep making slot machines and video lottery games, which earned $182 million last year. In the Chicago plant used to make the arcade games, Bally will produce weight-lifting machines and other health-club equipment for Life Fitness, a subsidiary...
...whose legs were severely damaged in an accident lay for several hours in a local emergency room waiting for special surgeons. The patient was eventually transferred to a trauma unit in San Francisco, where doctors had to amputate one of his legs. A more tragic case occurred at a Nevada hospital that claimed to specialize in trauma care. A skier with a ruptured spleen died while waiting for a CAT scan ordered by a surgeon who believed the patient's injuries were not immediately life threatening...