Home > News > Report: Flynt May Acquire Card Club Near Hustler Casino • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

Report: Flynt May Acquire Card Club Near Hustler Casino

Report: Flynt May Acquire Card Club Near Hustler Casino
Get XBIZ News
XBIZ Research
Will virtual reality boost the paysite market?
Yes, it will soon
  39.66%
Yes, but in a few years
  36.87%
No
  23.46%
Out of 179 votes. Results based on votes submitted by members of XBIZ.net social network.
May 5, 2016 2:38 PM PDT    Text size: 

GARDENA, Calif. — Larry Flynt, founder of the LFP and Hustler brands, may be doubling down with his gambling business after a new report suggests he may be acquiring a second card club near his Hustler Casino in Gardena.

The property at center of speculation is the Normandie Casino, the state’s oldest card club and one of Gardena’s original six poker rooms when the Los Angeles-area city was touted as the “Poker Capital of the World.”

Flynt built the Hustler Casino from the ground up after purchasing land that was formerly occupied by the El Dorado Club, which he  purchased in 1998 for $8 million.

The Normandie Casino, originally called the Western Club, is located at Rosecrans and Vermont avenues — just down the street from the Hustler Casino.

Owners of the Normandie Casino apparently folded their cards with the venue after they were hit with felony money-laundering convictions, opening up the possibility for a sale of the property and its gaming license. Felony convictions disqualify anyone from holding a gaming license in California.

Normandie Casino owners already have notified the state of 380 pending permanent layoffs at the casino.

The Daily Breeze, citing a source, reported last week that Flynt likely will “buy the club and expand it in the style of Las Vegas casinos, with an attached hotel, retail shops and entertainment options.”

“It makes a lot of sense for Larry Flynt to [buy the Normandie] because he has a parking problem at the Hustler, and the Normandie sits on 17 acres if you include the corner,” Robert Turner, a former casino manager who is knowledgeable about the California card scene, told the Breeze. “If they build a hotel and convention area with a larger casino, they could give Hollywood Park some competition.”  

The Hollywood Park Casino is in the midst of a major renovation and eventually will be part of a complex with a new hotel, homes and stadium for the NFL’s Los Angeles Rams, which recently moved to the area from St. Louis.

The Hustler Casino and the Normandie Casino together will deliver more than $10 million in tax revenue to Gardena in the current fiscal year that ends in June, according to the city’s budget.

   

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

LEGAL PERSPECTIVES

Data Privacy Is Tightening Up in the E.U.

Have you begun preparing for GDPR? If you are like most, you haven’t even heard of GDPR, but also if you are like most, it is going to affect your business, starting May 25, 2018. The GDPR, or General... More »

Preventing Legal Problems Before They Start

Dentists typically recommend that a person’s teeth be cleaned every six months and that oral X-rays be taken at least once every year. Internists recommend that a person receive a physical examination... More »

Could Adult Content Be Banned?

Earlier this month, I met with the Free Speech Coalition’s board of directors for our annual review. Despite the headwinds our industry faces, politically and economically, we are, as an organization,... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ Premiere magazine, the industry's leading adult retail trade publications, delivering the most timely and comprehensive business news and information to producers and retailers of adult products.

UPCOMING EVENTS

Latin America Adult Business Expo

Jul 10 - Jul 12
Cartagena, Colombia

ANME Founders Show

Jul 16 - Jul 18
Los Angeles Marriott Burbank Airport

QWEBEC Expo

Aug 03 - Aug 06
Montreal, Quebec

XBIZ Berlin 2017

Sep 11 - Sep 14
Berlin, Germany
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!