A coin-operated gambling machine was first invented in 1895 by San Francisco inventor Charles Fey. Ten years later, he invented the first “true slot machine.” It had three reels and automatically paid winners. In 1915, the machines were camouflaged to avoid anti-gambling laws and dispensed things like cigarettes, candy and gum every time the handle was pulled. The gum was decorated with illustrations of the flavors. The fruit and bar symbols on machines today evolved from these illustrations. Source: University of New Orleans professor George Fenich’s 1996 paper, “A Chronology of (Legal) Gaming in the U.S.”
The EB-5, or Immigrant Investor Program, was created by Congress in 1990. Its purpose was to stimulate the economy through job creation and capital investment by immigrant investors by creating a new commercial enterprise or investing in a troubled business, according to the U.S. Citizenship and Immigration Services website. Foreign investors put in a capital investment (either $500,000 under one pathway or $1 million under another pathway) into an eligible project. The investment must create at least 10 full-time jobs for qualifying U.S. workers generally within two years. If all terms of the program are met, investors are able to get a Green Card.
Regent Cathy McAdoo held a dinner at her son’s Elko restaurant … and had the higher ed department pay for it. Then the Regents catered a meeting at the same restaurant for $10,000. Regent John T. Moran frequents top Vegas restaurants … sometimes with campaign donors. And Regent Kevin Page goes to dinner with his brother and others. The Regents and agency say the spending is appropriate but … a good government advocate questioned the expenses. Robert Fellner, policy director Nevada Policy Research Institute.
Caesars Entertainment Corp. has been swept up in takeover speculation since the company’s share price tumbled last year amid disappointing earnings and concerns over a recession. Amid the decline, hedge funds scooped up shares. Billionaire activist investor Carl Icahn began buying shares of Caesars as early as January. Icahn acquired nearly 18 percent by mid-March. In February Icahn called on the Caesars board to study a sale as a way to boost shareholder value.