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Nevada Commission Approves Lobbyist to Buy into Casino

CARSON CITY, Nevada – As reported by the Associated Press: "An application to allow gambling lobbyist Harvey Whittemore and his wife an option to buy 10 percent of the stock in Nevada Casinos Inc. was approved Thursday by the Nevada Gaming Commission.

"Nevada Casinos plans to spend about $55 million on a new casino in Reno that will use the license for the Old Reno Casino, one of the last small clubs in downtown Reno.

"…Whittemore has said the option stems from his efforts to help Peppermill co-owner Bill Paganetti acquire the Old Reno Casino.

"Whittemore got the purchase rights from former owner Eb Cox and sold them to Nevada Casinos for $200,000 -- the same amount he'll pay to exercise his option for an interest in the company…"

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