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Honest Hofues, a vegas resorts manager, offered to lease the resort bedroom within the November 1955. He and wanted to mortgage the project 2.5 million, which have achievement now asked by the Will get step 1, 1956. Although not, a course step lawsuit is actually filed for investors, challenging the loan from the Hofues. Investors was told by Tony Cornero the hotel you will become accomplished for 4.5 million. The brand new suit desired to have the Stardust added to receivership, saying that borrowing from the bank an additional dos.5 million would not be inside shareholders’ welfare. Hofues died quickly afterwards, and it also try afterwards so-called which he had failed to re-finance the brand new Stardust as the arranged.

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