Roski lawyers sharpen up their swords

Mar 20, 2001 5:29 AM

IT AIN’T OVER ’TIL IT’S OVER! The story floating around out there that wealthy Las Vegas entrepreneur Ed Roski was dead in the water in his efforts to buy the Las Vegas Hilton for about $300 million from Park Place Entertainment (PPE) may not be so at all.

As a matter of fact, a legal pipe tells us that Roski has been huddling with some high-priced attorneys and is about to file a major lawsuit against the Las Vegas resort — perhaps before the end of the week.

From reliable sources comes word that Roski will charge Las Vegas Hilton Corp. with fraud in the deal to sell him the off-Strip property. Sources say Roski will allege that the giant resort company reneged on its deal, pulled out its high rollers and sent them to Caesars Palace, a Park Place sister resort. At the same time, there are allegations that the Hilton was loaded up with beaucoup expenses prior to the closing of the deal.

"That isn’t the way it was supposed to go down, and the deal is far from dead," the pipe said.

"SHAREHOLDERS ARE TALKING!" So said a pipe in reference to Mikohn Gaming (MIKN).

It seems as if a band of shareholders who own 2.5 million of the six million shares held by outsiders may be struck with the fancy to see the company sold.

The pipe added: "These shareholders believe the stock could bring up to $9 a share over the current price, a bump worth rooting for. Monday, MIKN closed at 3 1/8."

There are about five million shares held by insiders. Mikohn’s largest shareholder of record is Dennis Garcia. He owns 1.4 million shares.

No one at Mikohn could be reached to comment on the report.

TIGER WOODS KENTUCKY DERBY BOUND? "Don’t be surprised if the golfing whiz ends up in the winner’s circle at Churchill Downs in May 2002 to greet his namesake.

"While playing in a golf tournament in Dubai — probably a tourney he’d rather forget — Tiger visited the stables of Sheik Mohammed al Maktoum, one of the most prominent horsemen in the thoroughbred racing industry. While there, Tiger was introduced to a Maktoum-owned 2-year-old that the sheik will name Dubai Tiger in the golfer’s honor. The colt is by the sensational sire Storm Cat and was purchased as a yearling for $1.8 million," a rosebud told us today.

CHEESE IT, THE COPS ARE COMING! That’s what Waukesha, Wis., eighth graders were saying when they were busted by the local gendarmes for betting on March Madness basketball.

The 20 kids — probably imitating their teachers — anted up $5 each for the NCAA Tournament pool.

But one incensed teacher found out about it and snitched to the school principal.

The principal called the cops.

According to press reports, the kids were given a tongue lashing on the evils of gambling and were ordered to write letters of apology to their parents.

But one young fellow complained: "Why us? The teachers have a pool of their own, and no one busted them . . ."

ARE YOU ON THE PILL? No, this particular pill has nothing to do with sex. But it may be prescribed for gamblers who feel they are addicted.

It all started with alcoholics who showed easing of their addictions when their doctors put them on a prescription regimen.

Since addicts come in all forms, and even among sickie gamblers, some shrinks have suggested it might work on this problem, as well.

Can’t you just see the sign at the entrance to casinos: "If you think you have a problem, be sure to get your supply of anti-compulsive pills at the door."

BAD PAPER! An Australia-based online gamer (My Casino) took it in the shorts for more than $2 million when a customer used fake credit cards.

Explained a pipe: "With online gaming on the rise across the globe, operators will soon find out that unsupervised gambling is a beehive for scammers looking for a soft touch. The same is true with the addition of so many land-based casinos not wise to the ways of scam artists and gambling."

LEAVE IT TO DAVE ANDERSON! Of all the many written tributes to the late Bob Martin, oddsmaker supreme, Dave Anderson of the New York Times stood tall.

"As a youngster in Brooklyn with an opinion on sports, Martin began betting with a bookmaker when he was 12. He often cut classes at Thomas Jefferson High School to watch the Dodgers play at Ebbets Field. Soon he was booking bets himself, but he was always content to win several relatively small bets rather than one big bet.

"‘You want to take the guy to the cleaners one shirt at a time,’" Anderson so elegantly quoted Martin.

THE PRICE IS RIGHT! "Look for the outside directors of Black Hawk Gaming & Development Co. to accept Jeffrey Jacobs’ offer of $11 a share for that company," said our Colorado pipe.

Is the offer a fair one?

"Don’t take my word for it because the directors have hired people over at Robertson Stephens, Inc., to evaluate the offer to make sure no one says it’s an inside deal or something like that. But Robbie Stephens will go through the motions and make a recommendation that will support the offer.

"You know, the stock was selling at almost half that $11 offer. For the life of me, I can’t figure just what it is the dissident stockholders would be looking for. It might be a personality thing involving Jacobs," the pipe said.