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Frank Hofues, a las vegas resorts witches riches casino proprietor, agreed to lease the resort rooms inside the November 1955. He as well as provided to financing your panels dos.5 million, having achievement today questioned from the Could possibly get 1, 1956. However, a category action suit is actually recorded for investors, problematic the mortgage by Hofues. Investors was told through Tony Cornero that the lodge you may getting accomplished for 4.5 million. The newest fit looked for to get the Stardust added to receivership, stating that borrowing from the bank an additional dos.5 million would not be in the shareholders’ welfare. Hofues died shortly thereafter, and it is actually after so-called that he had don’t refinance the new Stardust while the arranged.

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