Normandie casino for sale Gardena’s iconic Normandie Club poker room folds its cards

Normandie casino for sale

He said felony convictions disqualify anyone from holding a gaming license. They did not return calls for comment Thursday, but several sources said publishing mogul Larry Flynt plans to continue reading up the property, which is just down the street from his card club, the Hustler Casino.

Flynt could not be reached for comment. Robert Turnera Downey-based professional poker player and former casino manager, said Flynt likely will buy the club and expand it in the style normandie casino for sale Las Vegas casinos, with an attached hotel, retail shops and entertainment options that draw nongambling customers. Hollywood Park is going to dominate the west side. California card clubs, legally barred from having slot machines and designed as simple poker rooms, have struggled to keep up with Indian resorts and commercial casinos that offer a variety of amenities.

The Hollywood Park Casino, once adjacent to the legendary racetrack, is in the midst of major renovations on the grounds and eventually will be part of a complex with a new hotel, homes and shops. Bythe Los Angeles Rams will relocate to an adjacent NFL stadium that normandie casino for sale now under construction. The two-story card club offers conference rooms, amenities, events and other nongambling opportunities.

The Bicycle Casino in Bell Gardens last year embarked on a major expansion that includes a hotel, fitness center and outdoor bar. Other local card clubs are similarly expanding to include resort-style attractions to keep customers coming in the doors. The Normandie has been on the market for years. The club suffered debilitating losses during the recession and struggled to keep up with the Hustler, which opened in with flashier, more konnte genting casino no deposit bonus man facilities.

But, in recent years, profits have bounced back. InTurner said he worked with a group of real estate investors who offered to buy the Normandie to build a normandie casino for sale and convention area. The Millers declined to sell at that time, he said. Investigators found that the normandie casino for sale owners hired promoters to attract high-rolling gamblers and then offered to help them sidestep federal tax reporting requirements.

More than two dozen operators were charged in that scheme. Reach the author at sandy. Copyright © The Daily Breeze Copyright notice Privacy Policy Site Learn more here Arbitration Digital First Media. Normandie Casino warned employees of impending permanent layoffs last week, according to state-mandated employment reporting records.

Rumors are that Larry Flynt is buying the embattled poker club. By Sandy MazzaDaily Breeze Posted: Employees get casino logo play normandie casino for sale game of poker for a photo opp at the Normandie Casino. Daily Breeze staff photo.

About the Author Reporter covering Carson, Hawthorne, Hermosa Beach and the environment. Full bio and more articles by Sandy Mazza Back to top. For testing on dev sites, you may need to turn it off with But please remove or change it before deployment.

Note contentstats tag below as well may need to be changed. We normandie casino for sale you to use our commenting platform to engage in insightful conversations about issues in our community. Although we do not pre-screen comments, we reserve the right at all times to remove any information or materials that are normandie casino for sale, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or kann casino dunes führt objectionable to us, and to disclose any information necessary to satisfy the law, regulation, or government request.

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A federal grand jury is probing a Los Angeles-area casino following allegations by state authorities the business allowed some players to evade transaction reporting requirements and possibly launder money, a source said. The grand jury is probing the operations of the Gardena-based Normandie Casino, the source said. Organized crime figures linked to drug trafficking and other crimes may use the clubs to spend, or to disguise the source of their gains, the source added, speaking under condition of anonymity.

Lauren Miller, general manager and spokeswoman for Normandie Casino, said in a written statement that federal prosecutors in Los Angeles click to see more the casino it was under investigation in August She declined to comment on the grand jury probe. A spokesman for the U.

Attorney's office in Los Angeles declined comment. While many customers "bristle" at having cash transactions reported to the government, and there may be "one-off scenarios" where a card room obliges a customer's request normandie casino for sale remain anonymous, "to click at this page it's a widespread practice, I think that's really overstating it," said Kyle Kirkland. Kirkland, who normandie casino for sale president of the California Gaming Association, a trade group for the state's card rooms, added: It was not always that way, said Bill Zender, a consultant who has helped the Normandie and other card clubs better comply with anti-money laundering rules.

While compliance has improved in the past few years thanks to federal pressure, card clubs once commonly helped players evade reports on cash transactions, he said. He added that "Asian games" operations that offer games tailored to Asian or Asian-American players were particularly vulnerable because players insist on privacy and normandie casino for sale was stiff competition to attract them. By law, card normandie casino for sale can only feature card games, and many are family owned.

The United States is cracking down on casinos of all types. Attorney's office in Los Angeles targeted Normandie casino for sale Vegas Sands Corp over alleged failures to detect and report suspicious transactions involving high-roller Zhenli Ye Gon, a Mexican pharmaceutical maquinas online casino de gratis. Ye Gon is currently fighting extradition to Mexico, which has charged him with drug trafficking.

The following month, Jennifer Shasky Calvery, the director of the Treasury Department's Financial Crimes Enforcement Network FinCEN gave a speech in Las Vegas where she warned the gaming industry to step-up compliance. A month after her speech, Caesars Entertainment Corp publicly disclosed that its flagship Las Vegas casino, Caesars Palace, normandie casino for sale under investigation by FinCEN and the Justice Department over alleged anti-money laundering lapses.

Unlike casinos across the country, California card rooms - for many years the only legal form of gambling in the state - were not required to report cash transactions to authorities until That is when FinCEN began requiring the businesses to comply with Bank Secrecy Act regulations designed to help trace criminals' money, and when California's Gambling Control Act came into force.

Read the original article on Reuters. Follow Reuters on Twitter. Reports of a stock bubble are exaggerated. Normandie casino for sale "The Bottom Line" ». Here's how much you need to save for college every year depending on when you start. More "Year by Year" ». You are using an outdated version of Internet Explorer.

For security reasons you should upgrade your browser. Please go to Normandie casino for sale Updates and install the latest version. Trending Tech Insider Finance Politics Strategy Life Sports Video All. You have successfully emailed the post. The Feds think the mob is laundering money through Los Angeles 'card clubs'. May 22,7: Reuters A federal grand jury is probing a Los Betting roulette casino following allegations by state authorities the business allowed some players to evade transaction reporting requirements and possibly launder money, a source said.

Wikipedia The United States is cracking down on casinos of all types. Reporting by Brett Wolf of Thomson Reuters Accelus; Editing by Andre Grenon. Here's the most looked-up word in the Merriam-Webster dictionary. Reuters Mob Gambling Federal Article source. Recommended For You Powered by Sailthru.

The Feds think the mob is laundering money through Los Angeles 'card clubs' The Feds think the mob is laundering money through Los Angeles 'card clubs' A federal grand jury is probing a Los Featured Fidelity sector expert: Get the Slide Deck from Henry Double betting IGNITION Presentation on the Future of Digital     Read Business Insider On The Go Available on iOS or Android.

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