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LVRJ - Long Gaughan: El Cortez owner sells stake in downtown casino

http://www.lvrj.com/business/18758759.html

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SOB! }}0: I know that this does NOT bode well for the future of
positive VP at the old EC!

First Stations raises the dollar/point ratio on their Optimum
banks. Then Silverton 86's FPDW. Now this! Maybe Henny Penny was
right.....The sky appears to be swiftly approaching the horizon, if
not actually falling!

Reno, here I come! Incidentally, the Silver Legacy just put back
FPDW, after removing it for a short period of time (probably after
the suits determined that this was a non-profitable move on their
part).

Oh well, I'll buy new comfortable walkin' shoes. My hunt will be on
once again for more profitable opportunties in my still fave NV city.

~Babe~

···

===============================================
--- In vpFREE@yahoogroups.com, "vpFae" <vpFae@...> wrote:
http://www.lvrj.com/business/18758759.html<ahref="http://www.lvrj.com
/business/18758759.html"http://www.lvrj.com/business/18758759.html</a

Sign of the times, Babe. Too many people know how to play now.

···

--- In vpFREE@yahoogroups.com, "jackessiebabe" <jackessiebabe@...> wrote:

So long, Jackie. :frowning: You'll be sorely missed. One of the jokes around
the poker tables was "Where the hell is Jackie? My ashtray is full!!"

I got to talk to some old timers in Council Bluffs, Iowa about Jackie.
They told me a few stories. Who knows how much is legend and how much
is fact? He was a sports bookie. He operated through the bars that
serviced the slaughterhouse workers in Omaha. He collected on Tuesdays
and paid off on Thursdays. They say the law couldn't catch him because
he never put anything on paper. He kept it all in his head.

They say his money built half of Creighton University. His wife's
funeral was one of the biggest Omaha ever saw.

Godspeed, Jackie.

P.S. Goodbye, KBJW

···

--- In vpFREE@yahoogroups.com, "vpFae" <vpFae@...> wrote:

Of course you're right, Paladin. I sometimes wonder if we were better
off when we had our choice of abundant FPDW, downtown Deuces, and
FPKBJW in every denom., but were clueless as to how to play the great
games with proper strategy. Sigh.....No use crying over MIA machines.
Now that we know what to do when we stumble on good play, we need to
do our homework and find something worthy of our bankroll.

~Babe~

···

=============================================
-In vpFREE@yahoogroups.com,<paladingamingllc@...> wrote:

Sign of the times, Babe. Too many people know how to play now.

......I got to talk to some old timers in Council Bluffs, Iowa about
Jackie. They told me a few stories. Who knows how much is legend
and how much is fact?

···

--- In vpFREE@yahoogroups.com, "mickeycrimm" <mickeycrimm@...> wrote:

==========================================
I'd love to read your collection of "Jackie" stories. I'll bet that
there are a few great yarns in his backround. No one can relate
them better than you.

I've seen Jackie many times at the EC. He was always the courtly
old gentleman. The last time I saw him, he was playing Poker. I was
disturbed to see how much he had aged from the last time I had seen
him. I did think (and hope) however, that as long as he lived, he
would retain ownership of the venerable old casino. I somehow doubt
that this was his idea.

.......Godspeed, Jackie.

P.S. Goodbye, KBJW

You have just named my worst fear about this sale. What has kept me
coming to the EC, year after year, is the marvelous, fascinating,
very difficult game of KBJW. If that goes they will never see me
again.

~Babe~

--- In vpFREE@yahoogroups.com, "jackessiebabe" <jackessiebabe@...>
wrote:

......I got to talk to some old timers in Council Bluffs, Iowa

about

Jackie. They told me a few stories. Who knows how much is legend
and how much is fact?

I'd love to read your collection of "Jackie" stories. I'll bet that
there are a few great yarns in his backround. No one can relate
them better than you.

I've heard or read some stories and observed 1 or 2. But I certainly
would not be an expert on it. I wonder if Jackie would now hire a
ghost writer and tell his story himself. I'm sure it would be a
fascinating read. I would be one of the first to buy the book. It
would be a shame if he took it all to the grave.

I had the pleasure of playing poker with Jackie many times. Though
he was a talented man for sure, he wasn't the best poker player by a
long shot. Or at least he played the game with the laissez-faire
attitude that a multi-millionaire might have playing in a 1 to 3, 6
on the end holdem game.

For instance, if the flop were 10-9-8 and Jackie was holding a 7-5 we
was in chasing a one-card ignorant end straight. This is one of the
worst draws you can make in holdem. Jackie was loose-passive. He
never bet a draw but would call instead if anyone bet. He never bet
anything but the strongest of hands. So if Jackie was in calling
then came out firing I could safely lay my hand down unless I was
real strong. He was an easy read. He never, never bluffed.

He had another idiosyncrasy. He ratholed quarters. The game was
played with quarters in the pot for rake and tip purposes. If Jackie
was pushed a pot with a quarter or two in it he would swipe the
quarters up and deposit them in his jacket pocket. The game was also
played with a single $1 blind. If someone close to Jackie posted
their blind with quarters Jackie would flip out a dollar chip then
swipe up the quarters and deposit them in his pocket.

I figured he was ratholing quarters for his grandkids or something.
I never said anything to him about it. One day there was a kid
sitting in the game next to Jackie. He's watching as Jackie is
ratholing quarters and I can tell it is annoying the kid. Finally,
the kid says to Jackie "How many casinos do you own? And you're
RATHOLING quarters?" Jackie says to the kid "Son, how do you think I
got to own all those casinos?"

This is another story I read in Cardplayer Magazine many years ago:

Jackie bought the El Cortez from the mob. Up in one of the rooms
there lived an old mob hitman. He had lived there free gratis for
many years. But now Jackie owned the joint and the old hitman
completely ignored him. He never came down and tried to pay any rent
or anything. Jacie wants the guy out but all the hired help is
afraid of the guy and no one will go up and tell him to move out.

Finally, Jackie gets up enough nerve to go up and talk to the guy.
He knocks, the guy opens the door. Jackie says "I'm here for the
rent. The guy says "Rent? What rent? I don't pay any rent. This
room is my retirement for being a loyal employee!!" Then the guy
slams the door.

Jackie is unnerved and doesn't know what to do. So he goes up to the
Horseshoe and corrals up Benny Binion.

"Benny" Jackie says "I got this old mob hitman in my hotel and he
won't pay rent or anything. I'm also concerned about the reputation
of my place. Is there anything you can do? Can I get him to move
up to your place?"
"Afraid not, Jackie" says Benny. "I feed him twice a day. You're
gonna have to house him."

The old mob hitman lived out the rest of his days with free rent at
the El Cortez and comped meals at the Horseshoe. He died of natural
causes sometime in the seventies.

···

--- In vpFREE@yahoogroups.com, "mickeycrimm" <mickeycrimm@> wrote:

Babe whined: SOB! }}0: I know that this does NOT bode well for the
future of positive VP at the old EC!

I wouldn't expect the vp inventory to be changed much in the near
future. The new owners have been the managers of the property for a few
years. Although Jackie was involved in certain publicity functions, he
was not a part of the daily decisions.

for the future of positive VP at the old EC!

···

--- In vpFREE@yahoogroups.com, "Bob Dancer" <bdancer@...> wrote:

Babe whined: SOB! }}0: I know that this does NOT bode well

================================================
I must say that I differentiate between "whining" and "sobbing", the
former definition connoting a rather unpleasant personality trait.
However, if you consider what I wrote to be a "whine", I will accept
your opinion, however fallacious it may be. {{O:

I wouldn't expect the vp inventory to be changed much in the

near future. The new owners have been the managers of the property
for a few years. Although Jackie was involved in certain publicity
functions, he was not a part of the daily decisions

The inventory doesn't have to change "much", to cause me to absent
myself from the EC; They need only change the pay schedules on the
KBJW to acomplish that. However, I will continue to hope for the
best.

I'm aware that Kenny Epstein has been in charge of the EC for the
last several years. I'm also aware that during each suceeding year
of his stewardship, the EC VP inventory has become just a little
worse.

Though Jackie Gaughan had no active part in making decisions during
the recent changes which have taken place at the EC, I did feel that
his presence, through his ownership role, was a stablizing force
essential to the retention of good games and gambling rules.

I really hope that Bob is correct in his assessment of the
situation. However, I will not be terribly surprised if some changes
occur which are detrimental to VP players.

~Babe~

Great stories! Thanks.

Matt

···

----- Original Message -----
  From: mickeycrimm
  To: vpFREE@yahoogroups.com
  Sent: Thursday, May 08, 2008 8:10 PM
  Subject: [vpFREE] Re: LVRJ - Long Gaughan: El Cortez owner sells stake in downtown casino

  --- In vpFREE@yahoogroups.com, "jackessiebabe" <jackessiebabe@...>
  wrote:
  >
  > --- In vpFREE@yahoogroups.com, "mickeycrimm" <mickeycrimm@> vpFREE Links: http://members.cox.net/vpfree/Links.htm

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