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El Cortez - 1951
[Back to topic list] [Back to Las Vegas Romy & Dorothy - 1950 Topic]BELOW...El Cortez. Banks "No Loan Policy" - 1951 & 1955. As a matter of policy, banks would not loan to Casinos or Hotels irrespective of good credit worthiness. Romy stepped forward as a pioneer of private funding. Although Romy offered with a good faith advance of $10,000 the El Cortez was able to obtain favorable funding elsewhere.   BELOW...The Fall of 2004  |
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